During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop.
In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth. And never forget, democrats retook the majority in Congress as of Jan 2007 at which time, surprisingly/shockingly/UNEXPECTEDLY the housing market tumbled, unemployment jumped over 6%, widespread uncertainty in the future, etc.
Here's what liberal policies have brought us: After an unheard of record deficit in 2009 of $1.4 Trillion the economy is on track to experience a $1.8 Trillion deficit this year. Actual unemployment at or above 17%, unemployment in the black community above 25%, unemployment amongst the youth at 30%, interest rates at historic lows, home sales at lowest levels in decades, home ownership dropping, unemployment benefits soon to be over 99 weeks, trillion dollar stimulus generally accepted now to be a complete failure, no jobs saved or created, recovery summer a dismal failure, corrected GDP growth at 1% likely thru 2011.
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Larry James' Urban Daily
A repository of ideas, resources, commentary and opinions concerning the issues facing low-income residents of the inner cities of the United States and how mainstream America largely forgets or, worse, ignores the day-to-day realities of urban life for the so-called "poor." Written and edited by the President & CEO of CitySquare. Please visit CitySquare.
President and CEO for CitySquare, a human and community development corporation with a focus on economic and social justice at work in inner city Dallas, Texas.
Today and throughout 2013, we need your support to continue our life-changing work in inner-city Dallas. Every day hundreds of our wonderful neighbors arrive at our doors seeking our assistance, offering their help and prepared to pursue a better life. Frankly, the folks we "serve" make essential contributions to the scope, nature and soul of the work we attempt. At CitySquare we honor and recognize the amazing value and richness of our low-income neighbors. During 2012, almost 55,000 different people received the benefit of our wide-ranging services designed to assist in the process of building better lives. We need your help TODAY as we continue to respond to the needs of our community. Even more, we need you to become our PARTNER in the work of compassion and community renewal--work that continues day after day at CitySquare.
2 comments:
Those were really funny. I hope you have a great weekend and clear your mind and get some much needed rest. Blessings
Speaking of Kangaroos...
During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop.
In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth. And never forget, democrats retook the majority in Congress as of Jan 2007 at which time, surprisingly/shockingly/UNEXPECTEDLY the housing market tumbled, unemployment jumped over 6%, widespread uncertainty in the future, etc.
Here's what liberal policies have brought us: After an unheard of record deficit in 2009 of $1.4 Trillion the economy is on track to experience a $1.8 Trillion deficit this year. Actual unemployment at or above 17%, unemployment in the black community above 25%, unemployment amongst the youth at 30%, interest rates at historic lows, home sales at lowest levels in decades, home ownership dropping, unemployment benefits soon to be over 99 weeks, trillion dollar stimulus generally accepted now to be a complete failure, no jobs saved or created, recovery summer a dismal failure, corrected GDP growth at 1% likely thru 2011.
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