Wednesday, December 3, 2008

A 'rather successful' president with some serious achievements under his belt

A cataract of sniggering and brickbats may safely be expected as serious analysis of the presidency of George W. Bush begins, but it will not last: The historical standing of departing presidents tends to rise as emotionalism subsides.

The U.S. annual economic growth rate has been 2.2% through this presidency [which included the severe hit of 9/11], the highest of any advanced country, and the economy expanded 19% in this time, well ahead of other large economies. The same pattern was replicated in per-capita income and spending, investment of all kinds and unemployment, which ran at half a percent below the average of the Clinton years and three full points below the Eurozone.

Until the last three months of his eight-year presidency, Bush avoided a recession. [snip]

Bush’s treaty with India, creating an alliance with that country, is one of the most important diplomatic initiatives in the world since Richard Nixon’s visit to China in 1972. [apologies, you're probably sick to death of hearing about the ramifications of this critical initiative from the MSM - but I'd be remiss not to mention it given its importance] [snip]

But the chief preoccupation of the Bush administration has been the conflict with terrorists and terrorism-promoting states. Ironically, the issue that will mainly determine the historical ranking of the Bush presidency, the fate of Iraq, lies largely in the hands of Barack Obama.

As long as the West imports large quantities of oil, it is extremely dangerous to have both major Persian Gulf countries, Iran and Iraq, in hands hostile to the West...

[if only we had our own resources we could develop]

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