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Last updated on March 6th, 2018 at 12:30 am
Larry Kudlow hails the Bush boom:
The evidence is overwhelming that the supply-side tax cuts enacted in the spring of 2003 have triggered an economic boom. Yes, I will call it the Bush boom …
Since May 2003 — which not coincidentally was the debut period for Bush’s tax cuts on personal income, dividends, and capital gains — the economy has generated 3 million new jobs. Using the Labor Department’s household survey, 2.6 million more people have been employed since the tax cuts. The unemployment rate has dropped to 5.4 percent from 6.3 percent. Weekly unemployment claims have fallen to 300,700 — the lowest since late 2000.
That’s because everybody is working in Fallujah and Tikrit! As Dan Rather explained last year: “What drives American civilians to risk death in Iraq? In this economy it may be, for some, the only job they can find.”