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June 09, 2009

Comments

It would be interesting if Brendan were to reproduce from his link the 2005 chart showing the effects of the Bush tax, and to show alongside it a similar chart for 2009.

Brendan's own chart at his cite shows that a month or two after Bush signed his recession-fighting bill the jobless rate began to decline. Furthermore, it peaked at a bit above 6%. And, as Brendan points out, the Bush economy had to cope with the effects of the 9/11 attacks. The unemployment rate continued to improve for the next two years.

Today, almost three months after enactment of the the Obama/Pelosi "stimulus" bill, the unemployment rate continues to skyrocket and has reached 9.4%.

I hope things will turn around soon, but, so far it looks like Bush's approach worked and Obama's didn't.

Your faith-based approach to economics and politics is stellar, David.

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