President George W. Bush is doing a lousy job steering the U.S. economy -- or, Bush is doing an excellent job -- depending whether you ask Christian Weller or Jack Burkman, both of whom joined "Power Lunch" to dissect the president's economic record.
Burkman, an attorney and a Republican strategist, told CNBC's Sue Herera he believes that America's economy is in great shape. He pointed out that more than 50% of Americans own equities, and that Americans who own property hold "hundreds of thousands of net worth."
So why do certain indicators -- such as the most recent Newsweek poll -- hint that a growing number of Americans disapprove of Bush's leadership? Burkman ascribes it partly to the "establishment media" and a "hyper-focus" on Iraq. The GOP strategist eschewed the strategic issues of the Persian Gulf war, sticking to the financial: he called comparisons to the Vietnam conflict "fallacious," as the U.S. economy of the 1960s was utterly different from that of the present.