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But surely a few of these governors and legislatures have come to realize that the way to create a long-term cycle of business growth is to foster a tax and regulatory environment that is favorable to all job creation, not just the kind that pops up on Entertainment Tonight.
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At least part of the reason for this may be that the planning authorities were lulled into a false sense of security by the chance of being in a quiet part of the long-term hurricane cycle.
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The pattern was interrupted when the financial crisis hit and 2007 and 2008, the last two years of the Bush administration, experienced a serious bear market but the circumstances were unusual, and the few times over the last hundred years that the cycle did not hold true to form did not affect the long-term percentage of the cycle.
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