Posted on 05/01/2012 7:51:25 AM PDT by C19fan
Theres not much in politics that allows me to say, Im old enough to remember when. But heres one: Im old enough to remember when George W. Bush was president.
It was, after all, only four short years ago. And it didnt go so well. The Bush economy is one of the worst on record. Median wages dropped. Poverty worsened. Inequality increased. Surpluses turned into deficits. Monthly job growth was weaker than it had been in any expansion since 1954. Economic growth was sluggish. And thats before you count the financial crisis that unfurled on his watch. Add the collapse to the equation, and Bushs record goes from not so good to I cant bear to look.
(Excerpt) Read more at washingtonpost.com ...
Well, especially when the Republican Party is being run by people who refuse to boot up.
Actually the true measure of the Bush economy should start post 9/11. The post 9/11 crash had nothing to do with Bush’s economic policies, but the dramatic recovery sure did.
To the author:
You need to get off the bar stool and stole living in the past. We are still four years into the saviors administration and nothing has improved.
Would that your team of psychologists could help you steer your life to the present and address the issues important now.
Why does everyone leave out of the equation some very important facts:
1) 9/11/01 and the subsequent wars in Afghanistan and Iraq
2) The mess created by the democrat's attempt to manipulate the housing market (Freddie Mack/Fanny Mae which CAUSED the market crash 3) The democrats took control of Congress (both houses) in January 2007, placing road block after road block in the path of the Bush Admin with respects to domestic items. 3) Democrats impeding nearly all of the Bush Admin domestic policy beginning shortly after Bush's inaguration in 2001, and continuing through 2008.
Anyone who tries to pin the entirety of the economic mess we are currently in to G.W.B. is a liar.
Journ-O-List
Are you certain about the GDP for 2009? I’m not denying it; I’m just curious as to where you got it (and the whole list for that matter).
Thanks.
I’ll have to google again. It was something like WSJ or IBT. Remember that it was revised a few times so that may be either post or pre-revision which may be why you think it is different.
This article explains the difference a bit. It was revised down to -3.5%.
http://useconomy.about.com/od/grossdomesticproduct/p/GDP-For-2009.htm
IE, worse than what the other source had.
I guess you can say things like that when factual information doesn't apply to your worldview. The majority of the time the economy was sizzling after we came out of the Clinton-Gore recession he inherited (exacerbated by 9/11). The surpluses never materialized - there never was a surplus, and the deficits were back before Bush ever enacted his own budget. The financial collapse his administration repeatedly warned of starting his very first year of office and Democrats pooh-poohed - some even calling efforts to reign it in over the years as racist (a 'lynching' of Franklin Raines, etc.). The fiscal situation was problematic before, but skyrocketed once Pelosi and Reid (with Obama's help as a U.S. Senator voting for the legislation) took the reigns of Congress and it has been all downhill since then.
Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown
How The Democrats Caused The Financial Crisis: Starring Bill Clinton's HUD Secretary Andrew Cuomo
Cause of 2008 financial crisis - Democrats block regulation
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam
Thank you. That helps. I guess the bottom line is that no matter what the real GDP figures may be, once Obama is reelected, they will be routinely adjusted to reflect rapid growth and a booming economy.
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