GOP Foreign Policy: Neoconservatives Looking For A Comeback In 2012

According to the Urban Institute-­Brookings Institutio­n Tax Policy Center, total federal tax receipts hit $2.57 trillion in 2007, before declining in 2008 and 2009, when the current recession was under way. (Tax revenues almost always sink during a recession.­) The 2007 level was the highest recorded since 1934, when statistics were first collected.­According to the Bureau of Labor Statistics­, the economy added more jobs than it lost during 50 out of 52 months between September 2003 and December 2007. The economy lost jobs over two months during that stretch -- between June 2007 and July 2007 (20,000 jobs) and between July 2007 and August 2007 (71,000). We might add that over the course of Bush's presidency -- a total of 96 months -- the economy created 1.08 million jobs.
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