Friday, February 06, 2004

Now that the latest unemployment figures are out, let's look at Bush's jobless recovery. While it is true that under President Clinton unemployment went down from 7.5 to 3.9 percent, it did take 8 years. In the best year of those years, unemployment was down 1.2 percent from Feb. 1994 to Feb. 1995 when the rate went from 6.6 to 5.4 percent. And that didn't happen until the economy had already been growing for 3 years!

Just in the last seven months, the unemployment rate is down 0.6 percent which seems to be a pretty steep drop, shaping up to be equal to Clinton's best year. And this is happening only 2 years after the last recession ended. Patience my friends!

In fact if you look at unemployment at the beginning of 2002 when Bush's first budget took affect, it's about the same now or a little lower and heading downward. That's after dealing with the post 9/11 recession, a bear market on Wall Street and a couple of wars. Seems like the Bush plan is working to me.

And by the way about the deficit/debt - percentagewise it was much worse under Reagan and everyone was screaming that future generations would have to suffer for it. Well, it's 20 years later the next generation has been born and I don't see us as being much worse off.

I'm more than happy to have someone show me numbers to convince me otherwise, because as they say, "figures lie and liars figure". And we all know BUSH LIED! Don't we?

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