All of this done with the idea that it would trickle down the and provide economic growth. Well, where's that growth?
The growth isn't hard to find. Here's the #s from the US Dept of Commerce for our GDP since 2001. If you notice, there wasn't a loss reported in any quarter. In fact, I'm not sure when the last time the US had a loss in GDP.
<table style="border-collapse: collapse; width: 250px; height: 1078px;" border="0" cellpadding="0" cellspacing="0"><col style="width: 48pt;" width="64"> <col style="width: 53pt;" width="71"> <tbody><tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt; width: 48pt;" width="64" height="17">2001 I</td> <td style="vertical-align: top;">
</td><td class="xl65" style="width: 53pt;" width="71" align="right">$10,021.50</td> </tr> <tr style="height: 12.75pt;" height="17"> <td class="xl63" style="height: 12.75pt;" height="17">2001 II</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,128.90</td> </tr> <tr style="height: 12.75pt;" height="17"> <td class="xl64" style="height: 12.75pt;" height="17">2001 III</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,135.10</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2001 IV </td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,226.30</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2002 I</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,333.30</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2002 II</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,426.60</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2002 III</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,527.40</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2002 IV </td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,591.10</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2003 I</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,705.60</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2003 II</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$10,831.80</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2003 III</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$11,086.10</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2003 IV </td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$11,219.50</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2004 I</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$11,405.50</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2004 II</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$11,610.30</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2004 III</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$11,779.40</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2004 IV </td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$11,948.50</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2005 I</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$12,155.40</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2005 II</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$12,297.50</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2005 III</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$12,538.20</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2005 IV </td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$12,696.40</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2006 I</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$12,959.60</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2006 II</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$13,134.10</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2006 III</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$13,249.60</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2006 IV </td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$13,370.10</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2007 I</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$13,510.90</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2007 II</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$13,737.50</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2007 III</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$13,950.60</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2007 IV </td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$14,031.20</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2008 I</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$14,150.80</td> </tr> <tr style="height: 12.75pt;" height="17"> <td style="height: 12.75pt;" height="17">2008 II</td> <td style="vertical-align: top;">
</td><td class="xl65" align="right">$14,256.50</td> </tr> </tbody></table>
Now, in all fairness, I doubt that Bush had much influence over this just like I don't think Clinton had much influence over it when he was in office.