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How much did the Iraq War help keep unemployment low, then keep it high?

In finishing my book on recessions, I came to a part where this question popped into my head. During President Bush II's term, unemployment hit a historic low of 4.something %. How much of that was due to all the troops being in Iraq? After President Obama got a handle on the recession Bush left him, unemployment has been hovering around 8%, how much of that is due to troops he brought home from Iraq? (BTW, did you know Obama's first time unemployment numbers are better than Bush II's at this point in his Presidency? Go figure)


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Old Empresario says

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5 years ago
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