Bush and the Economy, The Real Numbers Options

[realdeal]

I came across a VERY interesting article regarding the economy under Bush, you can take a look HERE.

Here are some quotes from the article:

"Nine months prior to the 1996 presidential election, Bill Clinton's Council of Economic Advisers cheerfully reported that the "American economy has performed exceptionally well over the past 3 years." While that may not surprise you, you may however be surprised to learn that President George W. Bush's economic record is, in many ways, better than the record Clinton ran on for reelection.

Compared with the "exceptional" years of 1993, 1994, and 1995, the first three years of George W. Bush's presidency featured:
lower inflation
lower unemployment
faster productivity growth
faster labor compensation growth (i.e., wages and benefits)
29.4 percent ($6.9 trillion) more economic output
45 percent ($960 billion) more exports; and
an economic growth rate 81.2 percent as fast as that under Clinton



"Considering the circumstances under which the U.S. economy has labored for the past few years, President Bush's record is all the more impressive. When George W. Bush moved into the White House, the economy was on the verge of recession. The largest stock market bubble in U.S. history had recently burst, exports were declining, manufacturing employment had been falling for half a year, and people were finding it harder and harder to find work. And that was before 9/11, the war on terror, and the revelations of the corporate-governance scandals that grew out of the late 1990s"

While I think that the economy is cyclical, it sure does paint a different picture than what President Bush's opponents are saying.

[Bargod]

Arnold Schwarzenegger for Pres in '08!