George W. Bush Quotes
What we Republicans should stand for is growth in the economy. We ought to make the pie higher.
Bush, George W. Campaign Remarks. Winston-Salem, North Carolina, 15 Feb. 2000.
One economic view of economic development is that the government should invest in education, scientific research, and infrastructure which will produce and stimulate economic growth. The contrary is that taxation takes capital out of the private sector that is needed for investment to produce economic growth. Both sides are correct. In the United States for example three of the greatest economic stimulants were the building of the Railroads, the National Highway System, and the Internet all developed in large part with taxpayer dollars. At the same time taxes do diminish the amount of private capital available for the economy. These are tradeoff decisions like most things in economics.
The most successful way of poor nations developing rapidly is to trade with rich nations.
Ironically, the Republican Presidents who had no business experience did much better with the American economy—Nixon, Eisenhower, and Reagan than the Republican businessmen. And the one Democrat who was a successful businessman—Jimmy Carter—presided over a terrible economy. The key variable seems to be business experience which gives leaders a false sense of being able to control things more than is real and develops an empathy with a narrow slice of the electorate—other businessmen—who are much more interested in short term profits rather than the health of the economy as a whole.
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.