The gentleman made a valid point, one which you cannot refute. Neither can the administration. At least Bush refrains from making snide public remarks at the economic difficulties caused by massive taxation and regulation on working Americans.
Bush could help reverse the bleeding of jobs by pressuring Congress to shift the majority of the tax burden to foreign entities wishing to exploit our consumer market, and repealing 99.9% of the regulatory idiocy that stifles our productivity. The big question is: why is this not happening?
No... he really didn't.