Bush's time trip

Walsh, Max
October 2003
Bulletin with Newsweek;10/28/2003, Vol. 121 Issue 6396, p118
Going all the way with former U.S. President Lyndon Baines Johnson (LBJ)-type economic policies is all very well, just as long as LBJ was going the right way— which he wasn't. However, it's more than a shame that the 1960's were a blur because there is a very real risk that U.S. President George W. Bush is now taking the U.S. and the global economy down the same dangerous economic path that seduced Lyndon Baines Johnson. There were important differences between the economic conditions that existed in Australia then and now, in that the U.S. was growing strongly through the 1960's while it is now in recovery mode from a mild recession.


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