Harvard Should Revoke MBA they Conferred on George W. Bush!
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I guess the assessment of Professor Toshi Tsurumi, who was the economics teacher GWB had at Harvard, was correct when he said George Bush was one of his worst students. Professor Tsurumi said a teacher remembers the best and worst students over the years.
George Bush was fortunate in that when he took office we had a balanced budget for the first time in over two decades. We had tax rates that produced just enough revenue to meet our spending levels. Bush and his GOP supporters in Congress immediately set out to destroy that equilibrium by major tax cuts while at the same time dramatically increasing spending.
The Bush fiscal policies violated the most basic economic principals that he should have learned at Harvard. In addition, he ignored history when Reagan tried the very same thing in 1981 with the result of creating $3 Trillion of new debt with his Supply Side (Voodoo) economics.
A favorite sport of Republicans is to complain about the spending of Democrats. Ronald Reagan managed to create 3 times more debt in his 8 years then Roosevelt, Truman, Kennedy, Johnson and Carter combined. George W. Bush surpassed Reagan and will have added 4 times more debt then all those Democrats combined by January 2009. Whenever you hear Bush or any Republican talk about the spending of the Democrats take this Blog out and reread it.
If I were the President of Harvard, I would be embarrassed to know that there was a diploma that said George W. Bush was granted an MBA from our most prestigious university! Yes Professor Tsurumi, George W. Bush was most likely your WORST student!
