Remember prosperity, jobs, and the budget surplus?

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The last last time America enjoyed all three was before the Bush tax cuts.







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Bet you miss this guy now​


Now, after 10 years of telling America that tax cuts are the path to prosperity, the GOP still hasn't noticed that it ain't working.​






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· Average economic growth of 4.0% per year, compared to average growth of 2.8% during the previous years. The economy grew for 116 consecutive months, the most in history.
· Creation of more than 22.5 million jobs—the most jobs ever created under a single administration, and more than were created in the previous 12 years. Of the total new jobs, 20.7 million, or 92%, were in the private sector.
· Economic gains spurred an increase in family incomes for all Americans. Since 1993, real median family income increased by $6,338, from $42,612 in 1993 to $48,950 in 1999 (in 1999 dollars).
· Overall unemployment dropped to the lowest level in more than 30 years, down from 6.9% in 1993 to just 4.0% in January 2001. The unemployment rate was below 5% for 40 consecutive months.
· Inflation dropped to its lowest rate since the Kennedy Administration, averaging 2.5%, and fell from 4.7% during the previous administration.
· The homeownership rate reached 67.7% near the end of the Clinton administration, the highest rate on record. In contrast, the homeownership rate fell from 65.6% in the first quarter of 1981 to 63.7% in the first quarter of 1993.
· The poverty rate also declined from 15.1% in 1993 to 11.8% in 1999, the largest six-year drop in poverty in nearly 30 years. This left 7 million fewer people in poverty than there were in 1993.
· The surplus in fiscal year 2000 was $237 billion—the third consecutive surplus and the largest surplus ever.
· Clinton worked with the Republican-led Congress to enact welfare reform. As a result, welfare rolls dropped dramatically and were the lowest since 1969. Between January 1993 and September 1999, the number of welfare recipients dropped by 7.5 million (a 53% decline) to 6.6 million. In comparison, between 1981–1992, the number of welfare recipients increased by 2.5 million (a 22% increase) to 13.6 million people.




http://en.wikipedia.org/wiki/Presidency_of_Bill_Clinton#The_economy
 
That's Blabo, to you.

It seems as though I've identified the perfect Tea Party role model....he cut welfare, and he left the nation with a record budget surplus.



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Yurt said:
(Posted by bravo) Average unemployment rate for 8 years under GW Bush.......5.3 %
http://data.bls.gov/timeseries/LNS14000000

End of thread......
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you're feeding the troll everytime you post like this
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It has come to a sad state of affairs when the posts of supposed trolls are logical and those of the accusers illogical.

And the Repub craziness continues unabated as the debt ceiling talks drag on. As Rumsfeld said the war with Iraq was an option, an option they could afford. But now, medical care and pensions are no longer an affordable option.

Faced with difficulty withdrawing from wars started by the Repubs their latest plan to secure the homeland now entails making medical care less available for the needy and additional financial hardship for the elderly.

There are none so blind as those who refuse to see.
 
The '90's really did rock.

I knew Bush would be an absolute disaster. I actually thought he was unelectable when he started running. I remember watching his first debate with Gore, and practically laughing because the guy didn't belong anywhere near the national stage. But afterwards, the news panel seemed to think he was legit, which was shocking. Gore really blew that campaign, and what a costly mistake for the country....
 
Onceler said:
The '90's really did rock.

I knew Bush would be an absolute disaster. I actually thought he was unelectable when he started running. I remember watching his first debate with Gore, and practically laughing because the guy didn't belong anywhere near the national stage. But afterwards, the news panel seemed to think he was legit, which was shocking. Gore really blew that campaign, and what a costly mistake for the country....
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Gore didn't lose the election...
 
The Bush tax cuts have been in place over 10 years now.


Where's the prosperity?
 
(\(\(\/)/)/) said:
The Bush tax cuts have been in place over 10 years now.


Where's the prosperity?
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Spending into prosperity not working? Stunning shocker. We absolutely cannot afford Bush on steroids and call it "fixing" the economy. 4 more years of this policy will create a debt crisis beyond imagining. The utter failure of this Administration's policy literally flies in the face of logic when his worshipers start trying to blame the insane spending on his predecessor. He took what Bush was doing and simply made it worse in almost every case that matters.

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

Remember this one is a bit old, the actual numbers are staggering, but not that much different there's a link in the story if you want to continue actually learning things.

It's beyond imagining how much crippling debt and inflation is proposed by this Administration, they are already monetizing our debt (purchasing our own treasuries to back newly "printed" money), this cannot continue or we'll be facing a crisis far worse than the 2008 Recession. We are fundamentally unsound in the idea that more debt will resolve a debt crisis...
 
The same party that told us that the Bush tax cuts were the path to prosperity is still repeating the refrain.



Where's the prosperity?
 
Damocles said:
Spending into prosperity not working? Stunning shocker. We absolutely cannot afford Bush on steroids and call it "fixing" the economy. 4 more years of this policy will create a debt crisis beyond imagining. The utter failure of this Administration's policy literally flies in the face of logic when his worshipers start trying to blame the insane spending on his predecessor. He took what Bush was doing and simply made it worse in almost every case that matters.

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

Remember this one is a bit old, the actual numbers are staggering, but not that much different there's a link in the story if you want to continue actually learning things.

It's beyond imagining how much crippling debt and inflation is proposed by this Administration, they are already monetizing our debt (purchasing our own treasuries to back newly "printed" money), this cannot continue or we'll be facing a crisis far worse than the 2008 Recession. We are fundamentally unsound in the idea that more debt will resolve a debt crisis...
Click to expand...

Bush rightly cut taxes-what he did wrong is not cut spending as well. In fact his pill bill and the 2 wars demanded a cut in spending and he failed to push for it.
 
Under Bill Clinton, overall unemployment dropped to the lowest level in more than 30 years, down from 6.9% in 1993 to just 4.0% in January 2001. The unemployment rate was below 5% for 40 consecutive months.


Maybe we should ask him to come back.


http://en.wikipedia.org/wiki/Presidency_of_Bill_Clinton#The_economy
 
Ice Dancer said:
Bush rightly cut taxes-what he did wrong is not cut spending as well. In fact his pill bill and the 2 wars demanded a cut in spending and he failed to push for it.
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His failures were pushing for tax cuts, implementing a pill bill written by and for Big Pharma, and going to war.
 
(\(\(\/)/)/) said:
Under Bill Clinton, overall unemployment dropped to the lowest level in more than 30 years, down from 6.9% in 1993 to just 4.0% in January 2001. The unemployment rate was below 5% for 40 consecutive months.


Maybe we should ask him to come back.


http://en.wikipedia.org/wiki/Presidency_of_Bill_Clinton#The_economy
Click to expand...

I voted for Billary.
 
I noticed the Obama-haters have nothing to say on the subject.
 
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