This certainly illustrates the negative influence of the Dem Cngress. Viewed another way, it emphasizes the folly about not doing anything about ANWR and other energy policies during the period when we had both a Dem House and Dem Senate. Unfortunately, my Congressman was instrumental in keeping the ANWE=R drilling permission from coming to a vote in 2003. The Senate had already approved it, and I think Bush would have signed it.
My Congressman (otherwise a dependable conservative Republican vote) personally refused to bring it to a vote. I had a big argument with him at his Town Hall the following weekend and got nowhere. His motivation was to “use up everybody else’s oil before we use ours.” He had several other specious excuses too. Those wells would be producing now, if he had brought it to a vote. 100,000 Americans would be employed in the oil industry, and gas probably would be around $2.25 per gal.Our economy would look quite different, I think.
Well, he won’t be my Congressman much longer. He’s been re-districted out of my region.
cool chart. depressing, but cool.
and it is clear what happens, as the Democrats get more control.
Nice job. Bumping.
Absolutely great chart. Any limits on reuse?
Hmm. Look what happened when the Dems took the House in 2007. A cynical man might think they trashed the economy to make Bush look bad.
Nicely done! I’ve read about the pieces at different times in the past, but this has visual impact.
An interesting conclusion to be drawn here: If this is what happened to the 2000 projections, what can we expect from Obama’s projections done in 2010 and 2011, which show big deficits, but mild improvement due to growth and the “efficiencies” of Obamacare? Makes me shudder.
bfl
bump for later.
Pretty interesting chart, but at first glance, I note that it seems to defy the Laffer curve by counting tax cuts as a negative. Historically, such cuts have resulted in a net gain in tax revenue spurred on by increased economic activity.