Friday, October 22, 2010

Economic Records: Bush vs. Obama vs. Clinton

In terms of the Budget Defecit the Obama-Pelosi-Reid regime has more than trippled it.  In fact the last completely Republican budget (2007) had a defecit of only $161 Billion.

And in terms of the all important Unemployment Rate it has nearly doubled as well.  When the Democrats were elected to take over Congress in November 2006 the Unemployment Rate was 4.4% and in January 2007 when they took over it was 4.6%.
HUGE HAT TIP TO:  Gateway Pundit

UPDATE:
From a reader in the Washington Post:
For those who are listening to the liberals propagating the fallacy that everything is “Bush’s Fault”, think about this: January 3rd, 2007 was the day the Democrats took over the Senate and the Congress:
At the time:
1. The DOW Jones closed at 12,621.77
2. The GDP for the previous quarter was 3.5%
3. The Unemployment rate was 4.6%
4. George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!

Remember the day…
1. January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
2. The economic meltdown that happened 15 months later was in what part of the economy? BANKING AND FINANCIAL SERVICES!
3. Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco’s!
(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001, because it was financially risky for the U.S. economy, but no one was listening).
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA.

No comments: