Consider this a companion thread to my other one on government spending:
http://www.businessweek.com/the_thread/economicsunbound/archives/2009/06/a_lost_decade_f.html
Over the past decade, if you throw out government job creation, the U.S economy has show pathetic job growth. The Bush tax cuts were extended, and Obama lowered the social security payroll tax. These tax cuts haven't been producing jobs at all. Well, jobs in America. China has seen its economy go off the hook, and India showed major economic growth with a ton of IT jobs outsourced there. In the other thread, this was said, "This is because of government regulations and meddling". Well, the Republicans controlled government 2001-2006 and job creation was bad then also. So, how could it be government regulations and meddling if they were in charge?
