Posted on 03/08/2003 5:29:15 PM PST by PhiKapMom
_______________________________________________________
“President Bush’s main economic policy -- the large tax cut of last year was not responsible for any of the current damage [to the economy]. Indeed, given the twin shocks of 9/11 and the post-Enron stock market decline, the short-term stimulus created by the tax cuts has turned out to be fortuitously well timed.” (Editorial, “Negative Al Gore,” The Washington Post, October 5, 2002)
Economic Statistics Confirm U.S. Economy Was Shrinking While Clinton Was In Office. “America went into recession long before the terrorist attacks of September 11th. … The new figures suggest … that the economy grew more slowly in … 2000 than was previously thought: GDP rose by 3.8% (compared with last year’s estimate of 4.1% and an initial figure of 5%).” (“Unwelcome Numbers,” The Economist, 8/3/02)
Market Indicators Confirm Recession Started On Clinton’s Watch. According to the Council of Economic Advisors, “it was widely recognized that the economy was weak coming into 2001.”
* The NASDAQ peaked on March 10, 2000;
* The S&P 500 peaked on March 24, 2000;
* The Dow Jones peaked on January 14, 2000;
* Manufacturing employment started falling in August 2000;
* Industrial production started falling in July 2000; and
* Manufacturing trade and sales started falling in April 2000.
(Council Of Economic Advisors, Talking Points, 9/20/02)
Congress’ Joint Economic Committee Says Signs Of Economic Slowdown Were Apparent In Mid 2000. “By mid-year 2000 … signs of an economic slowdown began to proliferate; it became apparent that an economic slowdown was underway. A number of key economic and financial indicators provided evidence of such slower growth and suggested that future growth could weaken. A brief summary of important elements of this evidence, for example, would include the following:
* Real GDP slowed from a robust 5.6 percent annualized growth rate in the second quarter of 2000 to 2.2 percent and 1.0 percent in the third and fourth quarters, respectively, before rebounding modestly to 1.2% in the first quarter of 2001.
* Key components of GDP such as real consumption expenditures slowed after mid-year as real income growth moderated, stock market values fell, employment gains lessened, and consumer confidence stalled and then deteriorated. Movements in retail sales generally corroborated these developments.
* Gross private investment also contributed significantly to this general slowdown with most key investment categories registering actual declines by the fourth quarter and advances of non-defense capital goods (ex-aircraft and parts) orders falling sharply after mid-year (on a year-over-year basis).
* The index of leading indicators trended down after January 2000.
* Employment advances slowed dramatically after mid-year. Gains in total non-farm payrolls, for example, averaged about 256,000 per month for the 2 1/2 years prior to mid-year 2000 and 44,000 per month after mid-year 2000. The average workweek also decreased after mid-year.
* The manufacturing sector also has weakened significantly since mid-year 2000. Industrial production, capacity utilization, the Natural Association of Purchasing Managers index, as well as manufacturing employment and workweek have all registered significant declines since mid-year 2000.
* Financial equity markets began to deteriorate about mid-year 2000 as well.
In short, there can be little doubt that a significant economic slowdown or retrenchment began about mid-year 2000 in the last quarters of the Clinton Administration.” (“Assessment Of The Current Economic Environment,” United States Congress Joint Economic Committee, 7/01)
Clinton’s Chairman Of Council Of Economic Advisors, Joseph Stiglitz, Said Recession Started During Clinton’s Tenure. “It would be nice for us veterans of the Clinton Administration if we could simply blame mismanagement by President George W. Bush’s economic team for this seemingly sudden turnaround in the economy, which coincided so closely with its taking charge. But … the economy was slipping into recession even before Bush took office, and the corporate scandals that are rocking America began much earlier.” (Joseph Stiglitz, “The Roaring Nineties,” The Atlantic Monthly, 10/02)
Stiglitz noted that during the Clinton Administration “the groundwork for some of the problems we are now experiencing was being laid. Accounting standards slipped; deregulation was taken further than it should have been; and corporate greed was pandered to ….” (Joseph Stiglitz, “The Roaring Nineties,” The Atlantic Monthly, 10/02)
Clinton Administration Grossly Overestimated Strength Of The Economy. “Hidden in the morass of statistics, there is proof that the Clinton administration grossly overestimated the strength of the economy leading up to the 2000 election. Did the federal government join Enron and WorldCom in cooking the books? … Most startling, the Commerce Department in 2000 showed the economy on an upswing through most of the election year, while in fact it was declining.” (Robert Novak, Op-Ed, “Sunny Clinton Forecast Leaves Cloud Over Bush,” Chicago Sun-Times, 8/8/02)
Drop In Investments In First Half Of 2000 Contributed To Recession. “A plunge in investment that began in the last half of 2000, along with the declines in equity markets, was an important force in the recession.” (Council Of Economic Advisers, “Strengthening America’s Economy: The President’s Jobs And Growth Proposals,” 1/7/03)
A Publication of the RNC Research Department
Maybe because he's not doing much else and maybe he thinks he can debate Clinton ---I won't watch Clinton on television, I always turned the television off when he was on while president so why watch the idiot now?
I don't think we'll ever see either Clinton willing to go face to face against her.
There must be a correlation--that Dole would lower himself to publicly engage with that POS makes me sick to my stomach. I can only assume he is doing it for the $$ and there is a word for people who sell themselves!
You're certainly not alone in that sentiment, kid.
"I can only assume he is doing it for the $$..."
It can't be the money, grasshopper; that guy's loaded to the gills - simply *flush* with cash.
"...and there is a word for people who sell themselves!"
Yea, there is & it's called, *whore*.
Damned shame, too; because I really liked this guy at one time. Just as I once respected McCaniac.
Bob Dole outa invest in a good Shakespere.
...& go fishing.
Under ideal circumstances, the best opponent for SlickWillie, would have been Ronald Reagan. Clinton is supposedly still in his so called, political prime political and he's about 57 years old. Okay. At 57, Ronald Reagan was a political dynamo and in his third year as a first term Governor of California. Reagan would have taken Clinton to the cleaners and shown him for the lying, phony, scumbag he really is.
Absolutely. He was MY governor before he was everyone else's President.
"I didn't do anything, it's everyone else's fault."
The best man to put Clinton in his deserved place would have been Newt.Yet, Newt, while Speaker of the House was out manuevered by Clinton at every turn. Newt's biggest accomplishement was the presenting of the "contract with America". The presenting, not the full enactment. Newt could not make any scandal, any corruption, any liberal 'spin' stick in the populace's conscoiusness. Newt's own flaws, own vanities made him ineffective as a Speaker of the House.
Viagra (or maybe Pepsi) clearly clouds one's thinking.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.