Posted on 01/05/2006 7:19:45 PM PST by southerndethcult
Bush "Recession" Has Lower Unemployment Rate, Higher Stock Prices than Clinton's "Economic Boom"
The stock market closed Friday, December 29, 2001 up 5.68%, at 10136.99. The last week of December 1995, in the midst of the so-called Clinton economic boom, the stock market closed at 5098. The unemployment rate, which was 4.9% when the World Trade Center was destroyed September 11th, had risen by the end of October 2001, to 5.0%, rising .3% from the time George W. Bush was sworn into office in January 2001. During the economic boom we heard so much about from the media during the Clinton years, in October 1995, the unemployment rate was 5.2%.
The Dow Jones Industrial Average closed Friday, December 28, 2001 at 10,136.99 DOWN 4.45% from 10,587.59 on January 19, 2001, not up 5.68%. The last week of December 1995, in the midst of the so-called Clinton economic boom, the stock market closed at 5,098.80, up 56.60% from 3,255.99 on January 19, 1993.
The original post does not compare the same time period in each term, so let's. From January 19, 1993 to December 28, 1993, the DJIA closed at 3,793.77, up 14.18%.
The unemployment rate, was 4.9% by the end of October 2001, up 16.67% from 4.2% in January, 2001 when George W. Bush was sworn into office in.
In October 1995, the unemployment rate was 5.5%, not 5.2%. Still, that's a decrease of 23.61%.
The attacks on September 11th, 2001 did not cause the Bush job loss. The unemployment rate had already risen 16.67% by August, from 4.2 in January to 4.9. The single largest month-to-month increase in unemployment throughout Shrub's entire term was before 9-11, July to August, 2001 from 4.6 to 4.9. The 0.3 percentage point increase is the single largest increase in the unemployment rate under Bush. Although unemployment did jump from 5.0 to 5.3 after 9-11 and then again from 5.3 to 5.6 from November to December the 0.3 increase from July to August was the single highest percentage increase of Bush's entire presidency and it occurred before 9-11.
Only when judged by the facts, George W Bush and Republicans presidents in general are bad for the country.
Republicans love to cherry pick information in order to mislead. Frequently Republicans say that the unemployment rate during George W Bush's second campaign was the same or nearly the same as Clinton's at the same point. In October 1994, the last month unemployment rate numbers were available before the 1996 election unemployment was at 5.2%. In October 2004 the unemployment rate was 5.5%, 0.3% points higher than Clinton and 30.95% higher than when Bush took office. Clinton saw unemployment decrease 28.77% at the same point.
Compare Clinton and Bush at the same point in their terms.
Currently, the National Debt is $8,087,357,559,005.85, up 42.53% since Bush took office. The unemployment rate is up 19%. The Average Retail Price per Gallon of Gasoline is up 33.55% adjusted for inflation. NYMEX Light Sweet Crude Oil Futures Prices are up 88.34% adjusted for inflation. As of the end of 2005 the S & P 500 is down 7.02%, the NASDAQ is down 20.40% and the Dow Jones Industrial Average is up 1.23%.
Take a read sometime of " Trading with the Enemy: Seduction and Betrayal on Jim Cramer's Wall Street -- by Nicholas W. Maier where Jim Creamer makes Martha Stewart look like a little old lady in a head scarf at the Bingo Hall on Friday night.
Corporate profits per payroll job in 1998 were $14,928.90. Corporate profits per payroll job in 2004 were $21,593.51.
The point of good economic policy isnt just to rack up new jobs; its to create jobs that are backed up with enough profit so that they dont shatter every time the economy hits an economic speed bump. By this standard the Bush boom beats the bubble of the late 90s.
BuzzCharts Source graphics
Federal Reserves Flow of Funds reported the net worth of the American household (measured as assets minus liabilities) stands at a robust $51 trillion .This isnt just higher than last year ('03) (or the year before that; or the year before that). Its almost twice what it was in 1995 and over 27 percent higher than it was in 1998 right in the middle of Clintons unstable economic miracle. (Source)
American households are borrowing more, but theyre acquiring even more assets (housing in particular). Because of still low interest rates theyre borrowing in an particularly friendly environment. Whether you think the latter is Good, Bad or Ugly; working to become personally debt free will also weather out "political global uncertainly" which cause those economic speed bumps I related to above.
The Treasury Department has released its budget report for November showing federal receipts for the last two months (the first two of fiscal year 2006) amount to $288 billion. This is up from the first two months of fiscal year 2005 ($271 billion), fiscal year 2004 ($254 billion), and fiscal year 2003 ($244 billion). Federal tax receipts have risen over this time period for three consecutive years; a jump of over 17 percent from 2002 to 2005.
Despite growing a remarkable 47 percent in all of fiscal 2005 (via Economy.com) corporate income taxes surged upward, hitting $3.31 billion for November. This is almost 19 percent higher than corporate income-tax revenues for the same month of last year, which came in at $2.78 billion.
Once again, empirical data bears out the fact that tax cuts (in this case the broad tax cuts of May 2003) can lead to increases in tax receipts.-BuzzCharts: Jerry Bowyer.
Remember Bin Laden was handed over to Clinton on a "silver platter" (1966)documented by NBC News video, shot by the U.S. government illustrating an enormous opportunity the Clinton administration had to kill or capture bin Laden. Critics call it a missed opportunity. I call it "Dereliction of Duty"!
But ...let's not even go there.............
ZOT!
Really? Wow. I'll bet OBL wasn't nearly as dangerous when he was 9, was he?
Your screen name indicates that you might be all of about 14 years old. Mentally, anyway.
GET BENT!
Naw... It's you.
In October 1994, the last month unemployment rate numbers were available before the 1996 election.The last UE numbers before November 1996 were in October 1994? Oh, yeah, and Republicans cherry-pick. Dhimmicrats have no intelligence and no character, they're just liars.
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