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.
Those were really funny. I hope you have a great weekend and clear your mind and get some much needed rest. Blessings
ReplyDeleteSpeaking of Kangaroos...
ReplyDeleteDuring 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.