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How was the economy when George W Bush was president?

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Measured for fiscal years 2001–2008, Federal spending under President Bush averaged 19.0% of GDP, just below his predecessor President Bill Clinton at 19.2% GDP, although tax receipts were substantially lower at 17.1% GDP versus 18.4% GDP. Income tax revenues averaged 7.7% GDP under Bush, versus 8.5% GDP under Clinton.
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