BUSH BUCKS: The George W. Bush Institute is launching its first book, which features experts weighing in on ways for the U.S. to jumpstart the economy toward 4 percent gross domestic product growth.
RECESSION LESSON: There were two recessions during Bush’s eight years in office, the first a mild downturn that began in March 2001, just after he took office, and lasted eight months. The second, which began in December 2007 and ended in June 2009, months after he left office, became known as the Great Recession, the longest and deepest since the Great Depression of the 1930s.
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THE STUMP: James K. Glassman, executive director of the Institute, said ideas in the book for stimulating the economy include broad tax reform that would keep taxes low — extending the Bush-era tax cuts, broadening the tax base by getting rid of special exemptions and loopholes, taxing consumption rather than income and lowering corporate taxes.
