I've been arguing back and forth with some Liberals over the horrible economy we're in. For whatever reason, an unemployment rate lower than it was during Clinton's second-term campaign is horrible. And a higher hourly income than the same period must be horrible too.
Jerry Bowyer looks at the GDP for various time periods, to see how badly this economy has been stalling.
| 2nd Bush tax cut to date | 4.5 |
| Calendar year 2004 | 3.95 |
| Bush term to date | 2.7 |
| Clinton first term | 3.3 |
| Past 20 years | 3.3 |
| Since WWII | 3.5 |
Quite an improvement following the tax cuts.
1 comment:
I never did believe Bush was bad on economy, accept when it comes to first-term spending. I'm not convinced, though, that he will turn things around even further by completely dropping spending to around 1% without damaging existing programs.
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