Despite the temptation to condemn the veracity of this publication because it originated from the Bush White House, in Dubya’s defense, I have a hard time trusting any economic work coming out of 1600 Pennsylvania regardless of who is sitting in the Big Chair. There are other arms of government, such as the Congressional Budget Office, that tend to do more rigorous, less politically tainted analysis.
Nonetheless, this document is of historic interest because it describes a perspective that can be retroactively balanced against the facts. Just how much did the Bush Administration understand – or admit to understanding – about the nature of the economy in the wake of the financial crisis?
A quick read.