Bush Tied to ‘Worst’ Economic Data
A Democratic group said that President Bush’s first term will produce the worst national economic figures since World War II, from employment to retail sales to personal income.
“By one economic measurement after another, the Bush presidency will fall well behind even the weakest of its postwar predecessors,” the Democratic Study Group said in a report to be released today. The group is a coalition of more than 200 moderate and liberal Democrats in the House of Representatives.
In the three years Bush has been President, the group says, the overall U.S. economy has expanded only 1.8% after adjustment for inflation.
“If the Administration’s projection of 2.2% growth through the end of 1992 proves to be accurate, the total growth during the Bush term will be 4.1%, or only a little better than half the total growth of the next-worst record in the postwar era,” the report said. That record, 7.3% growth, is held by the Dwight D. Eisenhower Administration in its second term.
There was no immediate comment from the White House.
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