Q&A: BUSH?:Consumer Worries Overshadow Profits - WSJ.com: "*
Question:
Why was there not huge job growth (other than the housing construction bubble) created by the pro-business Bush administration?
I'm in the electronics industry where jobs have been shifting overseas since LONG before Obama came to office.
Answer:
The economy has been changing and Bush's tax cuts helped to create new jobs to replace old ones.
However, Bush didn't want to take on the unions and entitlements (which of course are now blowing out of the water under Obama, Pelosi and Reid).
The fact that Bush didn't do enough (including handling making the US a more business-friendly environment) shouldn't obscure the need for this to be done.
Right now, under Obama, the situation is vastly worse. What Bush may have ignored, Obama is culpably exacerbating.
Wednesday, July 28, 2010
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