Finding a proper perspective

It is an election year and we hear a lot of rhetoric about how bad things are and how change is needed to correct how terrible the current administration is. These assessments need to be placed in a proper perspective to determine just how bad things really are. Two commentaries provide reference that can provide a bit of this needed perspective.

The IBD describes results from a recent Internal Revenue Service report about how The Pie Got Bigger.

We’ve heard a lot about how Bush has mismanaged the economy, but there’s no evidence of this. In fact, incomes began growing in 2003 after falling in 2001 and 2002 and have trended upward every year since. The small bump in 2003 was followed by gains of $2,291 in 2004 and $2,210 in 2005.

A Brief History of Bush’s Time by Randall Hoven at American Thinker takes on the meme about a “failed” presidency.

By November 2001 the recession was officially over, just one month under Bush’s own budget, weeks after 9/11 and just 10 months into a Bush Presidency. It was an historically short and shallow recession. From 2003 through 2006, all under President Bush and a Republican Congress, real GDP grew over 3% per year, considered a healthy and sustainable pace. By early 2008, the real economy had grown about 20% since Bush took office. Since President Bush took office, the economy has grown in every single fiscal quarter; there has been no quarter of negative real growth.

The lesson is that one should use effective measures and a proper referent before drawing conclusions. All too often what we see is only where we look and that can lead us astray.

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