On many subjects, particularly those dealing with social issues, Pat Buchanan is lame if not down right dumb. But on America's economic plight, he's right on target in this piece, which is a quick precis on why America has fallen apart and won't be put back together again.
Fact: during the entire 8 years of the Bush administration only 407,000 net jobs were created. (That's new jobs created minus old jobs lost, and this number doesn't begin to tell you about the high-quality, high-paying jobs that were lost and replaced by low-quality, low-paying jobs mostly in domestic services.)
Fact: in the last year of the Bush administration, 3.5 million jobs disappeared (and they won't ever be back--they're gone for good).
Fact: "From Jan. 31, 2001, through Jan. 31, 2009, 4.4 million manufacturing jobs, 26 percent of all of the manufacturing jobs in the United States, disappeared."
The legacy of the Bush years is appalling: trillions of dollars in home-owner and investor equity lost; trillions of dollars in new debt acquired by all levels of government, businesses large and small, and private citizens; millions of jobs lost; entire industries out-sourced and off-shored. And Mr. Obama proposes policies exactly like those of Mr. Bush. Bush wrecked America, and Obama will finish America off.
Read the column here
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