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The economic policy and legacy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed.
In 2003, prior to the significant expansion of subprime lending of 2004-2006, the unemployment rate was close to 6%. [52] The wider measure of unemployment ("U-6") which includes those employed part-time for economic reasons or marginally attached to the labor force rose from 8.4% pre-crisis to a peak of 17.1% in October 2009.
Bush (George H. W.) Bush (George W.) ... Sowell had initially chosen Columbia University to study under George ... the black unemployment rate was slightly lower than ...
In April of this year, the unemployment rate for Black Americans was 5.6 percent. Under Trump, the Black unemployment rate was about 8 percent between 2016 and 2020. From 2000 to 2015, it was 11 ...
Under Trump, the unemployment rate for the group fell to 5.3% in September 2019 — a record low at the time. It dropped even further under President Joe Biden, to a new low of 4.8% in April 2023.
The record low for the Black or African American unemployment rate, 4.8%, was set under Biden in April 2023. That beat the Trump-era low that was a record at the time, 5.3% in August 2019 and ...
CNN reported in September 2020 that GDP grew 4.1% on average under Democrats, versus 2.5% under Republicans, from 1945 through the second quarter of 2020, a difference of 1.6 percentage points. [3] In February 2021, The New York Times reported: "Since 1933, the economy has grown at an annual average rate of 4.6 percent under Democratic ...
Black unemployment rates fell in stable cities, more Black Americans took on management roles instead of service roles, rent burdens fell and incarceration rates dropped, according to the McKinsey ...