richardhutnik said:
The Bush tax cuts have had about a 10 year run. They are set to expire, unless renewed. It looks like, due to political partisanship, they will ALL expire, including tax cuts on the middle class, because the GOP doesn't want to extend them for the Middle class unless the the top X% also get them.
Well, in the years they have run, how has unemployment been? Have they been effective at creating jobs in America?
January 2001, when Bush took office, the unemployment rate was 4.2%:
http://en.wikipedia.org/wiki/Economic_policy_of_the_George_W._Bush_administration#Unemployment
It rose to 6.3% in 2003 and then declined to 4.4% in 2007, before rising to 7.6% at the end of the Bush administration. Since that time, the unemployment rate rose further, to the current stagnant rate between 9% and 10% today.
So, I have to ask, how effective are the Bush tax cuts at creating jobs? I don't see any sign of them working at all. I know people will argue, "But unemployment will get worse if they are repealed or changed!" Well, if they haven't been working, why would it work any different?
|
