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Even with * revised GDP numbers, 1st 3 years is 1.9% annual growth!

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-09-04 10:25 AM
Original message
Even with * revised GDP numbers, 1st 3 years is 1.9% annual growth!
Edited on Mon Feb-09-04 10:59 AM by papau
As most folks know, Bush has been busy making history more accurate by revising the GDP numbers posted over the years.

http://www.bea.doc.gov/bea/dn/home/gdp.htm

I thought it might be fun to see what the results were at this point based on 12/31 to 12/31 compounded rates of growth after inflation is removed by using constant year 2000 dollars - as shown at BEA,DOC.GOV.com)

So for 3 years Bush has (10397.2/0817) 1.9%

and Clinton's 8 years (9817/7336.6) 3.7%

and Reagan/Bush 12 years (7336.6/5161.7) 2.9% (yea tax cuts)

with Bush 4 yrs (7336.6/6742.7) 2.1%
and Reagan 8 y (6742.7/5161.7) 3.3963% (up from 3.33 before Bush chgs)

and Carter 4 yr (5167.7/4540.9) 3.2854%

and Nixon/Ford 8 yrs (4540.9/3652.7) 2.7581%

and JFK/Johnson 8 yrs (3652.7/2501.8) 4.84%

Wonder if the financial media will notice?

:-)
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snippy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-09-04 10:28 AM
Response to Original message
1. And we are in the tenth quarter of the Bush recovery.
Republicans get pissed when I point this out.
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-09-04 10:47 AM
Response to Reply #1
2. Nov 01 to date - 28th month - but his recovery has produced no jobs
Edited on Mon Feb-09-04 10:48 AM by papau
and before he revised the GDP numbers it looked like 9/01 was the end of the "recession" that started 3/01
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