I harp on
this, fairly often. Obama and the Deceiving Democrats love to talk about
the Bush Years,
"Eight years of failed economic
policy."
Simply put,
such talk is nonsense, at best, and lies at worst. The
Bush economy ran 52 months of "plus" GDP growth . . . . that's 52 consecutive
months of economic growth, an American record for such numbers.
Not even Clinton had this success. Unemployment averaged 5.2%
INCLUDING 2008, the first year of the recession, according to the
Democrat theorists. The Dems often misrepresent the Bush record regarding
"jobs created," claiming that he created only 3 million jobs in the
eight years he served as president. But how can that be? The
workforce grew by 16 million people from 2001 to 2008 while unemployment
remained at or around 4.6% during all that time except for 2008. Why
didn't unemployment increase by 16 million during the Bush years? Because
these folks were finding jobs. In fact, the work force reached a record
high of 138.5 million Americans in 2004. Today, with millions more
in population count, the workforce has shrunk to 125.5 million !!! But OF COURSE, the workforce has not “shrunk.” This is nothing short of lies and
damn lies, pure and simple. And the chart below, using numbers from
the Office of Budget and Management (OMB) shows that Bush was not the big
spender many claim him to be, if viewed from a GDP angle. Only
Obama can claim that title.
Understand that the numbers mentioned above are not as simply interpreted as I have indicated. There is no misuse, but questions arise that I will not take the time to answer. Just understand that you cannot have a growing economy without job creation. It is impossible. Our economy is measured in "Gross National Product." You cannot produce more and more product without creating more and more jobs. Again, it is simply impossible.
No comments:
Post a Comment