There is a saying if we fail to learn the lessons of history, we are doomed to repeat them. I hope you are aware that history can teach us something and is not meaningless. From 2000, unemployment spiked to about 5.5% due to the burst of the dot.com bubble. Went up dramatically after 9/11 to about  6.3%. Then, after the tax cuts of 2003, unemployment dropped all the way down to about 4.5% by mid 2004, remaining at that level through 2007. In Jan. 2007,  democrats took control of the house after losing it in 1994. Bush economic policies remained in effect for most of 2007. Democratic economic policies, that Bush did not veto, went into effect the last couple of months of 2007. That is when the economy taed