Tag: George W. Bush

Bush Proved Tax Cuts Don’t Lead to Job Growth

Trish

1.9 million

Net number of jobs created under Pres. George W. Bush after his tax cuts were enacted in 2001, according to the Wall St. Journal. Bush created the least jobs of any president since Hoover during the Great Depression. Pres. Bill Clinton created 22.4 million jobs, and left Bush with a $236 billion budget surplus. Historically, the economy tends to grow under Democrats, who traditionally do not cut taxes, and shrink under Republicans, who almost always do.

Gallup: 75% of Americans Correctly Blame Bush for Bush Recession

Jon Ponder

From left, Bush, Leach, Oxley
From left, Bush, Leach, Oxley
According to a new poll from Gallup, three-quarters of Americans still remember that the financial meltdown happened on George W. Bush’s watch.

However, just 19 months after the second greatest economic collapse of the past 100 years — and as a direct result of Republican efforts to rewrite the disastrous history of the Bush administration — a growing number of those surveyed said they are beginning to blame the Bush Recession on Pres. Obama. According to Gallup, in July 2009, only 32 percent — roughly the same number who self-identify as Republicans — blamed Pres. Obama. Now that number has risen to 50 percent. The jump in numbers was caused by the fact that 50 percent of independents and even 26 percent of Democrats now believe that Obama, who was a presidential candidate while serving in the Senate at the time of the meltdown, caused the recession.

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