It must suck to have to bad-talk the American economy when you have to combat these facts.
Today, The Bureau Of Labor Statistics Released New Jobs Figures – 132,000 Jobs Created In June. Since August 2003, more than 8.2 million jobs have been created, with more than 2 million jobs created over the twelve months ending in June. Our economy has now added jobs for 46 straight months, and the unemployment rate remains low at 4.5 percent.
Americans Are Working And Taking Home More Pay
- Real After-Tax Per Capita Personal Income Has Risen By 9.9 Percent – Nearly $3,000 Per Person – Since President Bush Took Office.
- Real Wages Rose 1.1 Percent Over The 12 Months Ending In May. This is faster than the average rate during the 1990s, and it means an extra $729 in the past year for the typical family with two wage earners.
- The Economy Has Now Experienced Over Five Years Of Uninterrupted Growth, Averaging 2.9 Percent A Year Since 2001. Real GDP grew a strong 3.1 percent in 2006.
- Since The First Quarter Of 2001, Productivity Growth Has Averaged 2.8 Percent. This is well above average productivity growth in the 1990s, 1980s, and 1970s.
- Purchasing Managers Reported Manufacturing Expansion For The Fifth Consecutive Month In June. The Institute for Supply Management manufacturing index rose to 56 in June.
Still, the Democrats still badmouth the American economy and try to engage in class warfare for cheap partisan advantage. The statistics prove that they are the "out-of-touch-with-reality"-based community.
H/T Blogs for Bush
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Comments on Just the Facts
I wonder why almost all these statistics use Q1 '01 as a baseline? I wonder how they would look if W got compared to Clinton, instead of to the worst president in history.
|| Posted by Dan, July 6, 2007 02:40 PM ||Why use 2001 as the baseline?
As any moderately informed individual would recognize, Bush became president in during the first quarter of 2001, so beginning at the beginning is the best place to start.
And I don't see any place where President Bush's performance is compared to Jimmy Carter's, so I don't know where you are getting the notion that he is being compared to "the worst president in history" -- unless you are awarding that title to Clinton, with whom I thought you wanted him compared.
|| Posted by Rhymes With Right, July 6, 2007 04:53 PM ||No, RWR, the truth is that the economy took a Republican nose dive in 2001, starting before the 9/11 attack, because of how bad Republican economic policies are for the long=term good of our country. Notice that the article you link to doesn't mention the deficit, or the soaring economic disparity in this country.
|| Posted by Dan, July 7, 2007 10:02 AM ||Excuse me, Dan, but that would be the continuation of the Clinton Recession that began in 2000. The "bad Republican economic policies" didn't go into effect until later, prompting the economic growth that we have seen. Indeed, if the "bad Republican economic policies" were really so bad, the economy would have continued to take that "nose dive" you talked about, not grown at the incredible rate we have seen since they went into effect.
|| Posted by Rhymes With Right, July 7, 2007 10:08 AM ||Well, RWR, you are certainly full of excuses for your failed president, as always, but, regardless, at least my initial point stands. The only way to generate the numbers you have on your front page post is by comparison to the bottom of the trench. This is a fine selection of carefully chosen statistics to prop up the worst president ever, but, I sincerely like what you're doing here. I hope the Republican candidate, whichever rich white male it is, runs on the strength of the economy under Republican rule. That would be almost as good as having them run on the popularity of Bush's Optional, Preemptive, Unnecesary Iraq War.
Either way, we win.
|| Posted by Dan, July 8, 2007 09:22 AM ||Thank you, Dan, for conceding that the Clinton Recession that President Bush inherited was the bottom of the trench, and that the GOP economic policies are what have lifted us out of the trench.
And i hope that whichever rich Democrat candidate tries to run as the "candidate of the common man" is willing to run on your assertion that the policies that have led to this sustained growth following the Clinton Recession are to be considered a failure.
|| Posted by Rhymes With Right, July 8, 2007 10:59 AM ||Oh, and by the way -- I hope that your candidates, whoever they may be, can explain away their support for the Iraq War at the beginning, and their comments in the years leading up to it asserting the presence of WMDs and the importance of containing/getting rid of Saddam Hussein.
I especially look forward to Hillary bing forced to explain why Bush was wrong to follow the same policy adopted by her husband during his entire administration.
|| Posted by Rhymes With Right, July 8, 2007 11:11 AM ||Post a comment