George W. Bush Presents Proposals for Saving Economy
Published at
SAUL LOEB/AFP/Getty Images(NEW YORK) — He’s got some big ideas for fixing the economy. But does anybody really care what former President George W. Bush has to say at this point?
After all, many Americans, especially those in the current administration, say its Bush’s policies that helped put the economy in the fix it’s been in four years after the near-collapse of the financial world.
Undaunted, Bush has a new book debuting Tuesday entitled The 4% Solution: Unleashing the Economic Growth America Needs, which features essays from economists, including five Nobel Prize winners, on ways to grow the economy by four percent annually.
That certainly would be an improvement over the current two percent growths predicted for the rest of this year and most of next.
Bush’s written contribution to the book is the forward in which he expounds on the benefits of tax restructure, trade expansion, immigration reform, and Social Security overhaul and business innovation.
Those expecting mea culpas from Bush in The 4% Solution won’t get them from the ex-president. He maintains that “excessive risk-taking by financial institutions, irresponsible decisions by lenders and borrowers, and market-distorting government policies all played a role” in the 2008 meltdown.
Copyright 2012 ABC News Radio