George W. Bush Quotes


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Colman’s view that business failures contributing to society may be more important than the contributions of the wealthy and successful has been a common theme where failed business men make great politicians (Truman) or failed politicians are appreciated as great philosophers (Paine). This seems to be the first American argument that a failed economic enterprise can have a very beneficial short and/or long term effect on economic development. The failed business could start an entire industry which succeeds later when technology or capital becomes more readily available, or even if implemented by a better manager. Arguably, the California gold rush miners never made any significant money, but their presence changed the economic fact of California. The American airline industry has made little or no money in its history but has enabled development throughout the nation. And the dot com bubble may well have been an economic debacle of the end of the 20th century, but it spurred economic development that has benefited the entire globe.


At the time of this quotation, the nation had gone through more than 3 decades of enormous increase in prosperity for the wealthy, and modest gains for the highly skilled, technically trained workers. However, correcting for inflation, average salaries did not increase at all. The middle class was particularly hard hit. Only 20 percent of the population benefitted from the growth at all; however, the 1 percent had rarely prospered more. Kenworthy’s principle did not apply for this period of American history.


George W. Bush
George W. Bush
  • Born: July 6, 1946
  • Nationality: American
  • Profession: Former President of the U.S., Former Governor of Texas, Politician, Attorney

George Walker Bush is an American politician and businessman who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush previously served as the 46th governor of Texas from 1995 to 2000. He was born into the Bush family; his father, George H. W. Bush, was the 41st president of the United States from 1989 to 1993.