Jeb!'s Florida Boom

[finehoe]

On the campaign trail, Jeb Bush has repeatedly emphasized his record overseeing Florida's boom economy as the state's governor. He says it's an example of an economy that created a huge number of jobs and benefited the middle class — an example of what he could do as president. "I know how to do this," he said in Maitland, Fla., on Monday.

But according to interviews with economists and a review of data, Florida owed a substantial portion of its growth under Bush not to any state policies but to a massive and unsustainable housing bubble — one that ultimately benefited rich investors at the expense of middle-class families.

The bubble, one of the biggest in the nation, drove up home prices and had many short-term benefits for the state, spurring construction, spending and jobs. But the collapse of the housing bubble as Bush left office in 2007, after eight years of service, sent Florida into a recession deeper than that in the rest of the country, and hundreds of thousands lost their homes.

http://www.washingtonpost.com/business/economy/under-jeb-bush-housing-prices-fueled-floridas-boom-then-it-all-went-bust/2015/07/27/3cb40da2-2409-11e5-b72c-2b7d516e1e0e_story.html?hpid=z1

[mbwright]

Politicians always take credit for more than they do, especially if they had little to do with it.  The public memory is selective and very short.  Sort of like Scott taking credit for creating jobs that is happening regardless of anything, but not taking credit/blame for eliminating state jobs.
so much for the 700,000 new jobs in 7 years, I mean 700,000 jobs total, not more than would happen naturally, and not subtracting the number of jobs lost.

[Know Growth]

And no mention of admirable Jeb era "Growth management" efforts?? 

Interesting to watch Jeb Bush era state DCA churning. Among the many observations, I fondly recall Jimmy Orth's assessment:
"Futility"