The Bush administration did the exact same thing. The Bush economy was a disaster.
And the people that laid off so many were hailed as "heroes". Carly Fiorina laid off 30-50K Techs at HP and shipped those jobs overseas. This was after she trashed Lucent.
I'll take that disaster over this one any day.... avg 5% unemployment. Yep, thats better than 9% + any day.
GE layed off 34,000 and shipped 24,000 jobs to India....and then
Obama recently tapped Connecticuts General Electric CEO Jeffrey Immelt to chair the Presidents Council on Jobs and Competitiveness to reduce the stubborn unemployment rate.
Again.
The Bush economy was a disaster.
It's WHY we are where we are today.
It was an administration rife with crime, propaganda and misinformation.
They cut taxes while starting two wars. Then they put those wars off budget. Like the spending didn't exist.
Lots of people were suckered.
Lots.
I'll take that disaster over this one any day.... avg 5% unemployment. Yep, thats better than 9% + any day.