Three Cheers for the 50 or 100 Years Bush War
Dave LaCourse wrote:
Tom, are you better off now than you were five or six years ago? The
answer HAS to be yes. Inflation is down, unemployment is practically
non-existant, interest rates are low. The economy is booming and the
market is hitting all time highs.
When Bush took office almost six years ago the Dow Jones Industrial
Average was higher than it is now. The NASDAQ Composite Index was about
6000. Now it's 2228.
When Bush took office he inherited a surplus of $284 Billion from
Clinton. Today, the Office of Management Budget projects a $296 billion
federal deficit for fiscal year 2006. That would be the fourth largest
deficit of all time. Here’s the top five:
1. 2004 (George W. Bush) $413 billion
2. 2003 (George W. Bush) $378 billion
3. 2005 (George W. Bush) $318 billion
4. 2006 (George W. Bush) $296 billion (projected)
5. 1992 (George H. W. Bush) $290 billion
When Bush took office the national debt was about $5.6 trillion. Now
it's $8.5 trillion.
When Bush took office the seasonally adjusted unemployment rate was 4%.
Now it's 4.7%
Those aren't numbers to brag about. Stop lying, LaCourse.
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Cut "to the chase" for my email address.
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