The Bush economy? Is it really as bad as you think?

I am just going to post some interesting highlights, I for one do think that it is growing amazingly well after a 1 trillion dollar hit at 911 and a recession that preceeded that even....

The Bush, Hoover, Roosevelt Connection



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However, they conveniently fail to address a different set of data that shows the complete opposite. During Clinton�s first term in office, unemployment averaged six percent while under Bush it has averaged 5.5 percent. Unlike the job creation statistic, the unemployment data suggests that a smaller percentage of people were looking for work during the Bush administration�s first term, indicating clearly that more people had jobs with Bush in office than with Clinton.

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Of course there�s really nothing to compare when it comes to Presidents Bush and Hoover. The Hoover economy lost three times as many jobs as the Bush economy with less than half the population. In 1929 when the population was 121 million, a job loss of 2.2 million was indeed a disaster. However, today a job loss of 800 thousand equates to a national unemployment rate of only 5.4 percent since the population is now 290 million.


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If it is true that we�re losing so many jobs, why has there been an increase of over 1.5 million jobs in 2004 alone accompanied by 13 consecutive months of positive job growth (with still three months of positive trending data to consider)? In all likelihood there will be over two million jobs created in 2004 despite the fact that four hurricanes have ravaged the Southeast. Yet liberals equate today�s economy as an American catastrophe?

One need only look at Europe to determine whether America�s economy is a colossal failure. Since 1999 unemployment in Italy has averaged 10.1 percent, France has averaged 10 percent, Germany has averaged 10.2 percent, and Spain has averaged 13.3 percent, while the U.S. is barely over five percent. Even Canada is high at 7.4 percent when compared to America. Yet Americans are told that the economy is in the toilet while our European and Canadian friends are laughing all the way to the hospital to cash in on their free medical coverage.

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