If your contention is correct and the tax cuts caused increased unemployment, then why did the unemployment rate go down in 2005, 2006 and 2007 after it had gone up in 2001, 2002 and 2003? Seems to me based on your economic logic, it should have just gone up and up and up.
My contention is that the Bush Tax cuts DID NOT AND DO NOT CREATED JOBS. You forget that the unemployment rate does not fully take into account the amount of people whose unemployment benefits expire, BUT DO NOT GET REHIRED. As the WSJ pointed out, the Shrub's actual job creation numbers weren't all that hot: http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/ The Dot.com bubble burst, a second rescession starts, Corporations start outsorucing and laying off en masse, but the END of the long game of trickle down tax cuts is shown in higher unemployment rates starting in 2008.
And let's extend this little thought experiment a little further shall we? If these tax cuts are so ruinous to our economic security, why did OWEdummy extend them? Why did he allow them to be extended for two years? And please spare us the "blame the GOP" routine. He had two years of a 100% compliant democrat Congress. He could have passed anything he wanted to.
Obama didn't "allow" anything, genius. If you had been paying attention in the last 3 years, you would know that the Party of NO were against ANY legislation by the Obama administration and the Democrats...it was their way or the highway (i.e., gov't stagnation. So Obama compromised to keep the gov't working: http://www.cnn.com/2012/07/09/politics/obama-bush-tax-cuts/index.html And NO, he did not have the 60 vote lock in the Senate to pass "anything he wanted to". Geez, is the neocon/teabagger bullhorn punditry STILL trying to float that lie? Do your homework, will ya please?
It is amazing how willfully ignorant you left wingers allow yourselves to be in defense of B. Hussein Yobabymama