The Zionist Conspiracy
Wednesday, March 01, 2006
Netanyahu Economic Policies
For all the populist claims that Likud leader hurt Israel's poor during his tenure as finance minister, Israel's Central Bureau of Statistics states that in fact, unemployment reached a five-year low in 2005. 93,000 new jobs were created in 2005, and since Netanyahu became finance minister in 2003, more than 200,000 who were jobless returned to work. During that time, Israel's economy grew by more than 4 percent annually.
Netanyahu's severe cuts in social welfare did have an adverse effect on those who remained without jobs. But many others in Israel's lower and working classes benefited from his reforms.