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"The issue has not been the cost of capital," he said. "The issue has been demand for the products and the services."
The idea that when hundreds of thousands of people are put out of work they are no longer a market for goods and services has been declared obsolete in modern euphoric Christian globalist thinking occupying the White House. Jimmy Carter is now back in the White House with a new name.
Don't worry. There is an ultimate plan behind this that only Bush and his idolizers can see will be the salvation of the world. You need "a clear mental model" to understand that this nation is not being destroyed. The psychiatric term for clear mental model is blind delusion.
The Bushs will be the destruction of this country while anyone who sees it is called an Owlgore supporter.
If there are no real solutions until the situation is extreme, and affecting everyone, those solutions will be extreme. Close the border with Mexico. Jail and fine employers who knowingly hire illegals, or lie about the need for H1B Visa employees. Rescind permission for legals to be here if their jobs can be filled by qualified US citizens. Cut down on the size of the government and connect that with lower taxes.
The GWB seems to be buying the theory that a less-taxed corporate/rich US will improve the situation. They'll just send jobs overseas to increase their bottom line to increase dividends for their large stockholders (middle class, yuh, sure). Instead, it's new businesses that should get breaks. The history of US economic growth is innovation. Too many of todays potential innovators are waiting tables to survive. Look at history. Any civilization that flourished had a large segment of people who had the health, food, education, and time to innovate.
The article said MILLIONS, NOT "hundreds of thousands".
I can see why the democrats want unemployments, since they were able to capitalize on it for decades after the Great Depression. They also want lots of immigrants coming in who vote democrat.
Lots of unemployment and lots of new immigrants will help the democrats win the next election, much more so than it helped clinton win in 1992.
Why any republican would want americans out of work, and tens of millions of immigrants coming in to take whatever remaining jobs, is soemthing new, and a puzzle. Traditionally, republicans used to be good for the economy, and for creating american jobs for americans.
Long term, Bush's policy of trying to give citizenship to illegals, to keep the flood of legal immigrants coming in at a steady high rate, and to keep letting in millions in from the H1-B visa program which prevents American engineers and American computer people from getting jobs, is disastrous.
Unless the economy turns around THIS year, Bush will be a one term president like his father. It is the economy stupid. No one cares about the minor things when they are not employed, or if they see friends and relatives unemployed.