Economics 101: Dissecting The Distortion
Despite Demo-gogue protests to the contrary, the economy continued to churn out new jobs in August, adding 144,000. The unemployment rate also dropped to a three-year low of 5.4%. The June and July numbers were also revised, adding 59,000 more jobs than previously thought, bringing the year total to 1.4 million -- not as much as the White House wanted, but growth nonetheless.
Of course, the Democrats have so positioned themselves that what is good for America is bad for them. They continue to caterwaul about a "net loss of jobs" under President Bush, trying to convince you that things are just awful. While it is true that the total job numbers have not recovered since 2001, the idea that the president has much at all to do with it is ludicrous. The government is a burden on the economy -- when it gets out of the way, the economy grows. It's very simple, really... and these economic TRUTHs speaks for themselves:
The unemployment rate today under Bush is 5.4%.
LOWER than it was in 1996 under Clinton.
In 1996, when Bill Clinton was running for reelection, the democrats AND the media boasted about how remarkable the low unemployment rate was at 6.2%!
The inflation rate today under Bush is 1.9%.
LOWER than it was in 1996 under Clinton.
In 1996, as Clinton was running for reelection, the democrats & media boasted about how wonderful the low inflation rate was at 2.6%. Today, it's lower. But the democrats and mainstream media paint a picture of gloom & doom, saying the inflation rate is burying Americans.
Mortgage rates today under Bush are 5.86%.
LOWER than they were in 1996.
In 1996, when Clinton was running for reelection, the democrats and media boasted about how outstanding the mortgage rate was at 7.81%. Today mortgage rates are at a 20-year low and people are moving into their first homes in record numbers.
Of course, the Democrats have so positioned themselves that what is good for America is bad for them. They continue to caterwaul about a "net loss of jobs" under President Bush, trying to convince you that things are just awful. While it is true that the total job numbers have not recovered since 2001, the idea that the president has much at all to do with it is ludicrous. The government is a burden on the economy -- when it gets out of the way, the economy grows. It's very simple, really... and these economic TRUTHs speaks for themselves:
The unemployment rate today under Bush is 5.4%.
LOWER than it was in 1996 under Clinton.
In 1996, when Bill Clinton was running for reelection, the democrats AND the media boasted about how remarkable the low unemployment rate was at 6.2%!
The inflation rate today under Bush is 1.9%.
LOWER than it was in 1996 under Clinton.
In 1996, as Clinton was running for reelection, the democrats & media boasted about how wonderful the low inflation rate was at 2.6%. Today, it's lower. But the democrats and mainstream media paint a picture of gloom & doom, saying the inflation rate is burying Americans.
Mortgage rates today under Bush are 5.86%.
LOWER than they were in 1996.
In 1996, when Clinton was running for reelection, the democrats and media boasted about how outstanding the mortgage rate was at 7.81%. Today mortgage rates are at a 20-year low and people are moving into their first homes in record numbers.
posted by compugor at 1:28 AM
