Kerry Concedes
What do you all think will happen to the economy with Bush in presidency for another four years? I do not think the outlook is hopeful, but I am saying this out of my opinions, not out of any economic facts, other than Bush has already lost numerous jobs.
1 comment:
How does a President "lose" jobs? For that matter, how does a President "create" jobs? Is there a button to be pressed or a lever to be pulled that will create (or destroy) jobs? I think people put way too much blame on President Bush in terms of "jobs." I also think that people give presidents way too much credit for various economic "successes." The economy is a very complicated social institution that no one person has much control over.
Any fair evaluation of Bush's performance with respect to jobs must take into account that the economy was already heading toward a recession when he first took office in January 2001. The National Bureau of Economic Research pinpoints the start of the last recession in March of 2001 (click here). When combined with the impact of 9/11 and the rash of corporate accounting scandals (e.g., Enron and World Com), it's pretty amazing that our economy didn't suffer a deeper and more prolonged recession.
(Psst...Kate, you need to include a reference link to your original post.)
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