President Bush and the Economy essays

President Bush and the Economy essays After September 11th, 2001, the American economy went into a recession. Thousands of people lost jobs in the wake of the devastating attacks. The stock market took a major hit which also caused people to lose money. Today, Americas economy is recovering and showing signs of growth. This can be attributed to the fact that President Bush is improving the American economy. Over the last two years, the American economy has been weak. The national and state economies have suffered great losses and therefore so have working families. Almost every economic measurement is looking down while job loss, unemployment, health care costs, poverty and personal bankruptcies are all up. One year after the end of the recession, millions of unemployed U.S. workers still cannot find jobs. Last year, the Bureau of Labor Statistics showed that Americas workers were facing the biggest job crisis since the Great Depression. Employment has been the main concern among Americans since September 11th. The fact that many people are without jobs has caused many individuals to retire at an early age. It also means that many Americans had to find other ways of supporting their families. Since the beginning of his administration, the President has made many changes that would decrease unemployment and improve many other economic problems in America. Some have succeeded, some have not. The most recent proposal made by the President is an example of one that succeeded. On January 7th, 2003, President Bush announced a growth and jobs plan which was enacted into law immediately. According to the President, this plan would encourage job-creating investment in Americas businesses by ending the double taxation of dividends and giving small businesses incentives to grow. The President also said that the plan would provide help for unemployed Americans, including extending unemployment benefits and creating new re-employment account...