George W Bush and Barack Obama Economic Comparison
BUSH-REPUBLICANS DESTROYED AMERICA, AND OBAMA IS DOING A GREAT JOB FIXING IT
Between Jan 20 2001-2009 under Republican's leadership and policies of deregulation and a 15% tax rate for wealthy people:
Dow Jones plunged 25% from to 10,587 to 7949
Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008
Unemployment doubled from 4.2% to 8.2%
National debt doubled from 5.7 trillion to 10.6 trillion
Budget went from a 236 billion surplus to a 1.2 TRILLION deficit (a 1.4 trillion drop)
Losing 700,000 jobs monthly
Economy in total freefall
(Republicans try to confuse people by saying democrats took over in Jan 2007 and started the recession, but they can not name one thing democrats did to hurt the economy. All experts state the housing crisis started in 2006 and all subprime loans had already been made under a republican congress and president)
SOURCES:
BUSH OVERSAW A DOW JONES THAT PLUNGED 25% OVER 8 YEARS
(Source: http://finance.yahoo.com/q/hp?s=^DJI)
GASOLINE TRIPLED UNDER BUSH ENERGY POLICY
(Source: US Dept of Energy- Energy Information Administration) (http://tonto.eia.doe.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MG_RT_US&f=W)
BUSH DOUBLED UNEMPLOYMENT FROM 4.2% TO 8.2% -----(Feb 2001-2009)
(Source: US Dept of Labor - Bureau of Labor Statistics-)
(http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3)
BUSH DOUBLED OUR DEBT FROM 5.7 TRILLION TO 10.6 TRILLION
(Source: US Treasury Dept - Bureau of Public Debt - http://www.treasurydirect.gov/NP/BPDLogin?application=np)
BUSH TURNED A 236 BILLION BUDGET SURPLUS INTO A 1.2 TRILLION DEFICIT (A 1.4 TRILLION DROP)
(Source 1: CBO - Congressional Budget Office - Historical Budget data - Shows the 236 billion surplus in 2000)
(http://cbo.gov/ftpdocs/108xx/doc10871/historicaltables.pdf)
(Source 2: Congressional Budget Office - Annual budget and economic report and testimony before Congress on Jan 8, 2009) (Declares 1.2 trillion deficit for fiscal year 2009 ---2 weeks before obama takes office)
(http://cbo.gov/ftpdocs/99xx/doc9958/01-08-Outlook_Testimony.pdf)
(Please note: The fiscal year 2009 started Oct 1, 2008 under president bush. At that time, the 2009 deficit was projected at 600 billion. Then the banking crisis occured in Oct 2008 and bush started a 700 billion TARP bailout program which was added to the 600 billion deficit which left obama with a 1.2 Trillion deficit the day he took office according to the CBO)
OBAMA IS DOING A GREAT JOB FIXING THE BUSH DEPRESSION
The dow jones rose 33% in his first year from 7949 to 10,600 on Jan 20, 2010
The job loss rate plunged 97% from 779,000 jobs lost in Jan 2009 to 20,000 jobs lost in Jan 2010
The GDP rate rose to 5.7% in 4th quarter of 2009 - the highest in 6 years
Existing home sales up 27% in 4th quarter of 2009
Jan 2010 Home construction up 2.8% (up 23% since april 09 low)
Jan 2010 Industrial production up 1%
Jan 2010 Retail sales up .5%
Between Jan 20 2001-2009 under Republican's leadership and policies of deregulation and a 15% tax rate for wealthy people:
Dow Jones plunged 25% from to 10,587 to 7949
Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008
Unemployment doubled from 4.2% to 8.2%
National debt doubled from 5.7 trillion to 10.6 trillion
Budget went from a 236 billion surplus to a 1.2 TRILLION deficit (a 1.4 trillion drop)
Losing 700,000 jobs monthly
Economy in total freefall
(Republicans try to confuse people by saying democrats took over in Jan 2007 and started the recession, but they can not name one thing democrats did to hurt the economy. All experts state the housing crisis started in 2006 and all subprime loans had already been made under a republican congress and president)
SOURCES:
BUSH OVERSAW A DOW JONES THAT PLUNGED 25% OVER 8 YEARS
(Source: http://finance.yahoo.com/q/hp?s=^DJI)
GASOLINE TRIPLED UNDER BUSH ENERGY POLICY
(Source: US Dept of Energy- Energy Information Administration) (http://tonto.eia.doe.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MG_RT_US&f=W)
BUSH DOUBLED UNEMPLOYMENT FROM 4.2% TO 8.2% -----(Feb 2001-2009)
(Source: US Dept of Labor - Bureau of Labor Statistics-)
(http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3)
BUSH DOUBLED OUR DEBT FROM 5.7 TRILLION TO 10.6 TRILLION
(Source: US Treasury Dept - Bureau of Public Debt - http://www.treasurydirect.gov/NP/BPDLogin?application=np)
BUSH TURNED A 236 BILLION BUDGET SURPLUS INTO A 1.2 TRILLION DEFICIT (A 1.4 TRILLION DROP)
(Source 1: CBO - Congressional Budget Office - Historical Budget data - Shows the 236 billion surplus in 2000)
(http://cbo.gov/ftpdocs/108xx/doc10871/historicaltables.pdf)
(Source 2: Congressional Budget Office - Annual budget and economic report and testimony before Congress on Jan 8, 2009) (Declares 1.2 trillion deficit for fiscal year 2009 ---2 weeks before obama takes office)
(http://cbo.gov/ftpdocs/99xx/doc9958/01-08-Outlook_Testimony.pdf)
(Please note: The fiscal year 2009 started Oct 1, 2008 under president bush. At that time, the 2009 deficit was projected at 600 billion. Then the banking crisis occured in Oct 2008 and bush started a 700 billion TARP bailout program which was added to the 600 billion deficit which left obama with a 1.2 Trillion deficit the day he took office according to the CBO)
OBAMA IS DOING A GREAT JOB FIXING THE BUSH DEPRESSION
The dow jones rose 33% in his first year from 7949 to 10,600 on Jan 20, 2010
The job loss rate plunged 97% from 779,000 jobs lost in Jan 2009 to 20,000 jobs lost in Jan 2010
The GDP rate rose to 5.7% in 4th quarter of 2009 - the highest in 6 years
Existing home sales up 27% in 4th quarter of 2009
Jan 2010 Home construction up 2.8% (up 23% since april 09 low)
Jan 2010 Industrial production up 1%
Jan 2010 Retail sales up .5%
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