Even Presidents are graded on a curve
The Decider doesn’t remember what he got in his Econ. 101 class in college. At a press conference this morning, Bush was asked the following question: Do you think there’s a risk of a recession? How do you rate that?
His response: You know, you need to talk to economists. I think I got a B in Econ 101. I got an A, however, in keeping taxes low and being fiscally responsible with the people’s money.
“Keeping taxes low and being fiscally responsible with the people’s money”? What college offers that class? Not even Emerson offers that class. But wait, it gets better. According to his college transcripts, George W. Bush received grades of 71 and 72 in Economics — a grade that “would correspond with a C-.”
A little bit of economic background might come in handy considering what the Bush administration has done to our economy.