Why is the Bush recovery different from all other recoveries? A slump is a slump is a slump, but it's during recoveries that the distinctive features of a changing economy become apparent. And our current recovery differs so radically from every other bounce-back since World War II that you have to wonder whether we're really talking about the same country.
After inching along imperceptibly for quarter after quarter, the economy is, by some measures, roaring back. The annual growth rate last quarter topped 8 percent, while productivity increased by more than 9 percent. To be sure, employment is still down by 2.4 million jobs since Bush took office, but it's finally begun to rise a bit.