Republicans would tank the economy again, given another chance

Paul Krugman, Paul Ryan (Credit: Reuters/Bob Strong/AP/Mary Altaffer/photo composite by Salon)
By Paul Rosenberg, Senior Editor

The idea that George W. Bush “kept us safe” has rightly been exposed to ridicule recently by Donald Trump. But Bush also failed miserably on another front: keeping us safe economically, as he presided over the biggest economic catastrophe since the Great Depression — and his presidency was already an economic disaster before that, per Nobel Laureate Joseph Stiglitz.

On this second front, the GOP blame-shifting centers on Obama, in order to virtually erase the epic market failure from history. Just as Bush is supposed to get a pass for 9/11, while getting credit for “keeping us safe” afterwards, he’s also given a pass for the housing bubble and the financial crisis which gave us the Great Recession, so that all blame can be focused on Obama, who supposedly made things worse with his “job-killing” policies.

In the real world, empirically-based economists know this is ridiculous.

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