08 March 2006

Paul Krugman: Feeling No Pain

The New York Times
March 6, 2006

President Bush's main purpose in visiting India seems to have been to promote nuclear proliferation. But he also had some kind words for outsourcing. And those words help explain something that I know deeply puzzles the administration's political gurus: Mr. Bush's dismal polling on economic issues.

Now the American economy isn't doing as well as Bush partisans think it is. In fact, since the end of the 2001 recession, the recovery in jobs, output and especially wages has been unusually weak by historical standards. Still, the economy is expanding, so it's impressive just how large a majority of Americans disapproves of Mr. Bush's economic management.

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