The University of Chicago flunks George W. Bush

The Chicago Tribune asked three economists linked to the University of Chicago — Ed Snyder, Michael Mussa, and Austin Goolsbee — to grade various aspects of the Bush administration’s economic performance for the past calendar year. The results aren’t pretty: While conservative economists like Mussa and Snyder say the president’s tax cuts and stimulus package ...

By , a professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University and co-host of the Space the Nation podcast.

The Chicago Tribune asked three economists linked to the University of Chicago -- Ed Snyder, Michael Mussa, and Austin Goolsbee -- to grade various aspects of the Bush administration's economic performance for the past calendar year. The results aren't pretty: While conservative economists like Mussa and Snyder say the president's tax cuts and stimulus package helped lay the foundation for the current economic expansion, they tend to join [former Kerry advisor] Goolsbee in lamenting that the administration's lack of spending discipline is mortgaging the nation's future.... "When you grade students you grade what's on the paper," Mussa said. "It's not whether you really like the student. I'm not prepared to ignore the obvious facts." Read the whole thing -- here's the report card in brief: SUBJECT: GRADES: GOOLSBEE SNYDER MUSSA TAXES B+/C- A- B- SPENDING D C D JOB CREATION B- B C+ DEFICIT F B- C+ SOCIAL SECURITY Inc. A+/F B- HEALTH CARE C- B- C+ TRADE A- A A- ENERGY C- C C POVERT Y D B- C DISASTER RECOVERY F C/Inc. B

The Chicago Tribune asked three economists linked to the University of Chicago — Ed Snyder, Michael Mussa, and Austin Goolsbee — to grade various aspects of the Bush administration’s economic performance for the past calendar year. The results aren’t pretty:

While conservative economists like Mussa and Snyder say the president’s tax cuts and stimulus package helped lay the foundation for the current economic expansion, they tend to join [former Kerry advisor] Goolsbee in lamenting that the administration’s lack of spending discipline is mortgaging the nation’s future…. “When you grade students you grade what’s on the paper,” Mussa said. “It’s not whether you really like the student. I’m not prepared to ignore the obvious facts.”

Read the whole thing — here’s the report card in brief:

SUBJECT: GRADES: GOOLSBEE SNYDER MUSSA TAXES B+/C- A- B- SPENDING D C D JOB CREATION B- B C+ DEFICIT F B- C+ SOCIAL SECURITY Inc. A+/F B- HEALTH CARE C- B- C+ TRADE A- A A- ENERGY C- C C POVERT Y D B- C DISASTER RECOVERY F C/Inc. B

Daniel W. Drezner is a professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University and co-host of the Space the Nation podcast. Twitter: @dandrezner

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