Saturday, August 02, 2008
Bush Shapes Recession?
From the New York Times: When the economy entered an unmistakable slump last year, economists quickly began a lively and jargon-filled debate about whether a recovery would be U-shaped (mild and slow) or V-shaped (sharp and quick). But there was always a third possibility that would be especially painful for the White House: the W-shaped recession -- a double-dipped downturn. The economics of it would be bad enough, but the perils of political parody would be even more nightmarish for President George W. Bush. The Dubya recession. The Dubya-dip.
Alright. We can't reasonably hold him responsible for all economic policy and trends, but it's still kind of funny.
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