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Sunday, November 21, 2004
Bush wants to create jobs
Let's see how he's going to do it:
Hiring is picking up and President Bush is on track to preside over job growth in his second term, shedding the Herbert Hoover label of being the first president since the Great Depression to lose jobs under his watch.Might reality set in at some point?
But don't expect a revival of the booming 1990s.
Bush's prescription for job growth includes extending the tax cuts passed in his first term, overhauling tax laws, limiting jury awards in lawsuits and increasing domestic energy exploration and production.
Economists say the bigger impediments to job creation are soaring health care and energy costs and the swelling trade deficit, especially with China.As the President has indicated that he wants to do nothing about the real institutional problems afflicting the American economy (mainly those listed above, in addition to the massive budgetary deficits he's racked up), I'm not entirely certain how he's going to create jobs. It'll be interesting to watch, at least.
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