‘We Believe in Free Enterprise’: See Excerpts from George W. Bush’s Rare Public Speech

Just more that the current president just doesn't understand.

From the article:

The former president addressed president Barack Obama’s oft-repeated call to raise taxes so that everyone “pays their fair share.”

“If you raise taxes on the so-called rich, you’re really raising taxes on the job creators,” Bush said. “If the goal is private sector growth, you’ve got to recognize that the best way to achieve that growth is to leave capital in the treasuries of the job creators.”

“I wish they weren’t called the Bush tax cuts,” the former president said as an aside. “If they were called some other body’s tax cuts, they’re probably less likely to be raised.”

“But if you raise taxes, you’re taking money out of the pockets of consumers,” he added. “And it’s important for policymakers to recognize that all the doubt about taxes causes capital to stay on the sidelines. Uncertainty means capital (fuel for private sector growth) simply won’t move.”

Listen to the rest here.