The truth about the booming economy under Bush and what the Democrats won't tell you!

Here are a few things about the economy that Democrats and mainstream media won’t ell you and don’t want you to know. Democrats are telling “stories” and hope you won’t check them out.

Here’s a “story” they are telling about economic growth.

Democrats are saying that the economy is sluggish.
Nancy Pelosi has stated that if the Democrats regain control of Congress, they will “jump-start” the economy. Good luck!

The truth...

Since 2003, when the Bush tax cuts went into effect, the economy’s growth rate has been better than the average of the 1980s and 1990s.

The current economic growth rate for 2006 is 3.5%

The average economic growth rate for the 1990s under Clinton was 3.3% and this was during the irrational exuberance of the dotcom bubble.

The average economic growth rate for 1980s was 3.1%

If the Democrats take control and eliminate the Bush tax cuts and raise taxes, economists predict this will slow the growth rate for the economy.

Here’s another “story” the Democrats are telling.

Democrats say that the Bush tax cuts reduced federal tax revenue and they will eliminate the Bush tax cuts and increase taxes to increase federal revenue.

The truth...

For fiscal year 2006, federal revenue as a share of Gross Domestic Product was 18.4%.

The post 1962 average for federal revenue was 18.2% of Gross Domestic Product.

The federal budget deficit for 2006 was $247.7 billion.

This represents 1.9% of the Gross Domestic Product which was 13.1 trillion dollars.

That is below the average for the 1970s, 1980s, and the 1990s.
The deficit as a percentage of the Gross Domestic Product for 2006 was 1.9%

The deficit as a percentage of the Gross Domestic Product for the 1990s was 2.2%

The deficit as a percentage of the Gross Domestic Product for the 1980s was 3.0%

The deficit as a percentage of the Gross Domestic Product for the 1970s was 2.1%

Economists state that Democratic tax increases will reduce federal revenue and increase the deficit as a percentage of Gross Domestic Product.

In addition, the Democrats don’t want you to know that the current unemployment rate which is 4.6% is lower than the average for the 1990s which was 5.8% and lower than the average for the past 40 years at 6.0%.

Don’t be buffaloed by democrat “stories”. Get the facts for yourself.

The Bush economy is doing quite well

Gas Prices Have Fallen 80 Cents Nationwide Since Early August
The Dow Set All-time Record Highs On Three Consecutive Days This Week.

Inflation remains low

Interest rates remain low

The President's pro-growth policies helped to strengthen our economy and create 6.6 million jobs in the last three years.

Real After-Tax Income Has Risen 15.0 Percent Since January 2001.

Real after-tax income per person has risen by 9 percent since January 2001.

The US homeownership rate reached a record 69.2 percent in the second quarter of 2004. The number of homeowners in the United States reached 73.4 million, the most ever. And for the first time, the majority of minority Americans owns their own homes.

Yes, the Bush economy is doing quite well so don’t be fooled by Democratic stories that paint a false picture.

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We Know the Truth

In 1994 it was the first time in my life I felt comfortable about making a living. I bought my first house. The next year I bought my first new car. The economy was rocking. Thing were great we were living a good life. The middle class had come into it's own. In 2001 I moved to Florida and watched everything go to hell after GWB. Regan's economics proved trickle down did not work. Jobs started to be outsourced, most companies said to compete. To this I say BULL. The people that worked those jobs here bought homes, cars, groceries, etc. You now see CEO saleries skyrocket and the workers get squat. My mortgage payment went up 100% in 6 years because of greedy insurance companies and slick legislators sqeezing every tax dollar they can by inflatng home prices. The stock market is a house of cards. Pick up any item in any store it's made in China. It is hard to find anything that says made in USA any more. The good paying manufacturing jobs that built this Country are gone. We need to change the Government and stop borrowing on my grandaughters back shes only 13 months old and will paying for this mess if don't stop it.

Judge the economy

On only who are benefiting from it. No brainer!

Selective Statistics

You couldn't be more like the president himself. It's not about your party affiliation, Democrats are not the only ones trying to tell the truth. But it does seem like the very few followers that bush has left, such as yourself, are trying VERY hard to cover up. Your just a hypocrite. Claiming that everyone else is telling stories and keeping secrets, but your the one with selective statistics... Thanks MEDAN! there's always 2 sides to a story, lets keep it real.

FOR THE RICH ONLY

THE ECONOMY IS BOOMING......AGREED......FOR THE RICH ONLY! Bush has become the worst President of this United States in as far as enforcing the the democracy he strives to spread throughout the world. How rich are you steve?

NOW THE REAL TRUTH

Amazing how bushits complain when anyone blames gas price increases on bush, yet they want to give him credit when the price decreases. How wonderful it sounds that gas prices have fallen 80 cents since August. Of course we saw this same type phenomenon happen last year too. The average Florida regular price on 09/05/05 was $3.012. The prices then started to fall hitting bottom on 12/15/05 @ $2.187. By 01/23/06 it was back up to $2.40. By 04/24/06 is up to $2.953.

In fact, gas prices have increased in the December to March period each year since December 2001. So get ready to hear the excuses like increased oil usage for heating. By the way, in the 20 years prior to 2001, this December to March increase only happened 5 times (25%).

And of course one other little fact that's left out in bushits storytelling is that in January 2001 when sadly bush took office, according to the U.S. Department of Labor the average gas price was $1.525.

How about the Gross Domestic Product - in 2004 yes the GDP was up 3.91%, the highest increase in the bush years. During the Clinton years, the average year to year increase was higher than that 4 separate years. In fact, in the last 4 years of the Clinton administration the annual average increase of the GDP was 4.2%. For Clinton's 8 years, the average was 3.71%. Compare that to the average of 2001-2005 @ 2.4%, or to the average of the 4 years prior to Clinton (daddy bush) @ 2.15%.

U.S. Bank issued an “Economic Prospects” report on 10/16/06. Regarding economic growth, they wrote …. Are combining to slow growth over the second half of the year to just 2 ¼% and especially in the 3rd quarter when we estimate growth was below 2%.” The report also states “GDP growth in 2007 and 2008 is expected at 3.3%”.

By the way, unlike bushit stories, the bush tax subsidies for the wealthy actually began in 2001 when the lowest bracket was kept the same, but the higher tax brackets were all lowered by 0.5%.

Regarding Federal Tax revenue, for the first time since 1983, annual tax revenue declined - due to bush's tax subsidies for the wealthy. The earlier decline was of course due to the Reagan tax cut. In 1984, however, social security benefits became taxable for the first time and tax revenue shot up 10%. However the biggest tax revenue increase during the Reagan years was 1987 when tax revenue shot up 13.3%. This is when Reagan was smart enough to realize the problems his earlier tax cuts were causing, so he changed course (something that stubborn mules can not do).

From 1982 - 2001, the average increase in tax collections was 6.6%. The small tax law changes in 2001 lowered that year's increase to 1.5%, the lowest annual increase since the decline of 1983. But in 2002 when more of the wealthy tax subsidies kicked in, this revenue fell 5.3%, over $112trillion. These revenues fell another $63.7trillion in 2003 (or almost $176trillion less than 2001). In 2004, tax revenue started to go back up but it was still over $110trillion lower than 2001. Finally in 2005 tax revenue exceeded 2001 tax revenue. Suddenly, bushits are claiming that the increased tax revenue is a sign of a healthy economy. Yet the same people claimed that high tax revenue under Clinton was bad (remember the "it's your money" BS). So it seems that high tax revenue is good or bad depending on who is President.

If the tax revenue had continued it's 6.6% annual increase as it had done in the previous 20 years (12 years Republican, 8 years Democrat), the budget surplus that was inherited from the Clinton administration by bush would have survived. Instead we now have a deficit which has caused the U.S. to borrow $1.3trillion since 2001, 80% from foreign countries. The fact is that the U.S. economy is much like the homeowners who have survived the last few years by borrowing on their home equity. Only the blind can not see what is happening to these people now that the interest rates are climbing. So what will happen if China decides to take their money home now? WOW, what strong economic footing we have.

One last thing- the bushits like to harp on the unemployment rate since it is lower than last year. Ah, but the storytelling continues by not telling the whole story. Per the U.S Department of Labor, Bureau of Labor Statistics:

a)The current unemployment rate = 4.6%
b)The unemployment rate in December 2000 (last full Clinton month) = 3.9%
c)In August 2001, the unemployment rate had already climbed to 4.9%, so throw the 09/11 excuse out the window
d)The unemployment rate average for Clinton's 2nd term was 4.4%
e)The unemployment rate in December 1992 (last full bush I month = 7.4%
f)The unemployment average for GWB's first term = 5.5%

Yes, the average 1990's unemployment rate was 5.8%. The bushits just don't like to mention how this was, so here is a breakdown year by year:
bush I
1990 = 5.62%
1991 = 6.85%
1992 = 7.49%
Clinton
1993 = 6.91%
1994 = 6.1%
1995 = 5.59%
1996 = 5.41%
1997 = 4.94%
1998 = 4.5%
1999 = 4.22%

Yep, the average sure was 5.8%, but who's fault was that?

By the way,
a)the average rate for 2000 (Clinton's last year) was 3.97%.
b)The average rate for Clinton's 8 years was 5.2%, after inheriting bush I's 7.4%. And the rate declined every year.
c)The average rate for bush I's 4 years was 6.31%, and the rate increased every year. (At least gwb is doing better than daddy, for what that's worth)
d)The U.S. bank report noted above states “The unemployment rate is expected to drift up toward 5.1% by the spring of 2007.”

Now who is trying to fool who?

You have posted this before in another thread.

This is yet another duplicate post that you have posted in another thread or story.

Why not post different material rather than just posting the same information in different threads?

That would be more informative to readers.

That's The Nice Thing About The Truth

He may have posted this information in another post, but that is what happens when one speaks the truth. IT DOES NOT CHANGE!!!!!

You stated the budget deficit was 264 billion dollars in 2006. That DOES NOT include the EMERGENCY SPENDING FOR IRAQ which has been kept off the budget books.

LIAR, LIAR, LIAR!!!!!

Wise Merlin

The people that worked those

The people that worked those jobs here bought homes, cars, groceries,
etc. You now see CEO saleries skyrocket and the workers get squat. My
mortgage payment went up 100% in 6 years because of greedy insurance
companies and slick legislators sqeezing every tax dollar they can by
inflatng home prices. The stock market is a house of cards. Pick up any
item in any store it's made in China. It is hard to find anything that
says made in USA any more. The good paying manufacturing jobs that
built this Country are gone. We need to change the Government and stop
borrowing on my grandaughters back shes only 13 months old and will
paying for this mess if don't stop it.

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