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Yeah, George Your Ecomony Is Doing Freaking GREAT!

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DistressedAmerican Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-13-06 01:05 PM
Original message
Yeah, George Your Ecomony Is Doing Freaking GREAT!
Edited on Thu Jul-13-06 01:06 PM by DistressedAmerican
It sure beats number like these. :freak:

===================================
http://clinton3.nara.gov/WH/Accomplishments/econrecord.html

The Clinton-Gore
Economic Record, 1993-98

Economic Indicator Before After Six Years
Budget Deficit/Surplus $290 billion deficit in 1992 -- the highest dollar level in history First budget surplus in a generation -- the largest dollar surplus on record
Job Growth Previous Administration: worst record since the Great Depression 17.7 million new jobs -- with the highest percentage in the private sector in 50 years
Unemployment 7.5% in 1992 4.5% in 1998 -- the lowest in 29 years and lowest peacetime rate in 41 years
Median Family Income
(Adjusted for Inflation) Down $1,835 from 1988-1992 Up $3,517 since 1993
Real Hourly Wages Down 5% from 1981-1992 Up about 2.5% over past year -- the fastest real wage growth in over 20 years
Private-Sector Growth
(Average Annual Rate) 2.4% from 1981-1992 3.9% -- the fastest rate since Johnson was President
Business Investment
(Producer's Durable Equipment Average Annual Growth Rate) 1.9% from 1988-1992 12.1% -- the fastest rate since Kennedy was President
Federal Government Spending
(As A Share of GDP) Up from 21.7% in 1980 to 22.5% in 1992 Cut from 22.5% in 1992 to 19.6% in 1998 -- lowest level in 25 years
Welfare Rolls 14.1 million people on welfare in Jan. 1993 8.4 million people on welfare -- down 41% since 1993 -- lowest percentage since 1968
Inflation
(Average Annual Rate) 4.2% from 1981-1992 2.5% -- the lowest since Kennedy was President
Homeownership Rate Down, from 65.4% in 1981 to 64.2% in 1992 7.4 million new homeowners -- the highest homeownership rate in history (66.8% in 3rd qtr of 1998 )
Auto Production 1992: Trailed Japan for 13th consecutive year World's #1 auto producer for five years in a row
Competitiveness 1992: Trailed Japan, Germany, Denmark, and Switzerland World's most competitive economy for five years in a row
=======================================
http://www.perkel.com/politics/clinton/accomp.htm

Clinton's Vision and Accomplishments - Newer Information

Economic Leadership and a Stronger Economy


Under President Clinton's leadership, almost 6 million new jobs were created in the first two years of his Administration -- an average of 250,000 new jobs every month.

In 1994, the economy had the lowest combination of unemployment and inflation in 25 years.

As part of the 1993 Economic Plan, President Clinton cut taxes on 15 million low-income families and made tax cuts available to 90 percent of small businesses, while raising taxes on just 1.2 percent of the wealthiest taxpayers.

President Clinton signed into law the largest deficit reduction plan in history, resulting in over $600 billion in deficit reduction. The deficit is going down for 3 years in a row for the first time since Harry Truman was president.


CREATING ECONOMIC OPPORTUNITY AND SECURITY FOR ALL AMERICANS
Signed the Economic Package, August 10, 1993.
The economy created 7.7 million new jobs in the first 34 months of this Administration.
Passed the largest deficit-cutting plan in history -- saving more than $1 trillion over seven years.
On track for three consecutive years of deficit reduction -- for the first time since Harry Truman.
Cut federal spending by $255 billion over 5 years.
Made new tax cuts available to over 90% of small businesses.
Unemployment has fallen from 7% when President Clinton took office to its current rate of 5.6%
Lowest combined rate of unemployment and inflation since 1968.
1994 real GDP growth was the highest in a decade.
Proposed a plan to balance the budget while protecting critical investments in education.

=======================================

What were we libs thinking suggesting your massive tax cuts for the rich were bad for the country? What were we thinking when we suggested that a deficit approaching 9 trillion dollars will break the bank in the longterm to pay for your short term stimulus to corporations and the wealthiest Americans?

You are a loser George. No matter how you try and spin it. An increase in the deficit spending smaller than you predict is still massive deficit spending ass. I guess that does not matter as long as you can convince the "back wash" that you are not a total failure.

L-O-S-E-R!

:banghead:
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