Bush v. Clinton on the Economy, stupid

Clinton is famous for saying "It's the economy, stupid." But frankly there is a lot of stupidity about the economy, these days. Thanks to George Shultz for pointing out the facts. (And note the cool chart that spells it out.) Excerpt:

When you look at the record, a quick summary is this: President Clinton inherited prosperity; President Clinton bequeathed recession.

The 2001 recession was short and shallow, with employment - always a lagging indicator - the last part of the economy to rebound. ... by now a third piece of the record appears clear: the recession President Clinton left behind has turned into prosperity under George W. Bush.