Facts show repubicans destroyed america (unemployment rate, gallon, Congress, statistics)

[johnnyboy2008]

Between Jan 20 2001-2009 under Republican's policies and leadership:

Unemployment doubled from 4.2% to 8.2%
National debt doubled from 5.7 trillion to 10.6 trillion
Yearly budget went from a 236 billion surplus to a 1.2 TRILLION deficit (a 1.4 trillion drop)
Dow Jones plunged 25% from to 10,587 to 7949
Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008
Losing 700,000 jobs monthly
Economy in total freefall

(Republicans try to confuse people by saying democrats took over in Jan 2007 and started the recession, but they can not name one thing democrats did to hurt the economy. All experts state the housing crisis started in 2006 and all subprime loans had already been made under a republican congress and president)

SOURCES:
BUSH MORE THAN DOUBLED UNEMPLOYMENT FROM 4.2% TO 8.2% -----(Feb 2001-2009)
(Source: US Dept of Labor - Bureau of Labor Statistics-)
(Graph: Unemployment rate (seasonally adjusted))

BUSH DOUBLED OUR DEBT FROM 5.7 TRILLION TO 10.7 TRILLION
(Source: US Treasury Dept - Bureau of Public Debt - Debt to the Penny (Daily History Search Application))

BUSH TURNED A 236 BILLION BUDGET SURPLUS INTO A 1.2 TRILLION DEFICIT (A 1.4 TRILLION DROP)
(Source 1: CBO - Congressional Budget Office - Historical Budget data - Shows the 236 billion surplus in 2000)
(http://cbo.gov/ftpdocs/108xx/doc1087...icaltables.pdf)

(Source 2: Congressional Budget Office - Annual budget and economic report and testimony before Congress on Jan 8, 2009) (Declares 1.2 trillion deficit for fiscal year 2009 ---2 weeks before obama takes office)
(http://cbo.gov/ftpdocs/99xx/doc9958/..._Testimony.pdf)

(Please note: The fiscal year 2009 started Oct 1, 2008 under president bush. At that time, the 2009 deficit was projected at 600 billion. Then the banking crisis occured in Oct 2008 and bush started a 700 billion TARP bailout program which was added to the 600 billion deficit which left obama with a 1.2 Trillion deficit the day he took office according to the CBO)

BUSH OVERSAW A DOW JONES THAT PLUNGED 25% OVER 8 YEARS
(Source: ^DJI: Historical Prices for Dow Jones Industrial Average - Yahoo! Finance)

GASOLINE TRIPLED UNDER BUSH ENERGY POLICY
(Source: US Dept of Energy- Energy Information Administration) (Weekly U.S. Regular All Formulations Retail Gasoline Prices (Cents per Gallon))



OBAMA IS DOING A GREAT JOB FIXING THE BUSH DEPRESSION
The dow jones rose 33% in his first year from 7949 to 10,600 on Jan 20, 2010
The job loss rate plunged 97% from 700,000 jobs lost in Jan 2009 to 20,000 jobs lost in Jan 2010
The GDP rate rose to 5.7% in 4th quarter of 2009 - the highest in 6 years
Existing home sales up 27% in 4th quarter of 2009
Jan 10 Home construction up 2.8% (up 23% since april 09 low)
Jan 10 Industrial production up 1%
Jan 10 Retail sales up .5%

[delusianne]

wonder why no right-wingers have commented.



great collection of facts, not that they'll read it.

[tejano2828]

This thread is just begging for some Republican hate coming your way. First Republican responder will of course disagree HARD FACTS and just tell you that statistics can be made up for just about anything. It will be a LONG LONG time before another Republican president takes office...America has had enough of the FAT CATS in congress and making their buddies rich. It's time to back the average middle American and take back America from these Corporate buffoons. Big Health Insurance Co.'s, Time Warner, AT&T, Bank of America, All those companies giving out huge payouts and bonuses to CEO's these are their BUDDIES and they all pat each other's back while us American's suffer at their gains and Don't forget about their overseas buddies making them huge Profits on OIL OIL OIL....Sickens me

[florida.bob]

They have not completely destroyed it, but they are still trying.

[kemcnyc]

Those are not facts. You are expressing an opinion (which you are entitled to do).

While the below statements at face value might be facts...

Unemployment doubled from 4.2% to 8.2%
National debt doubled from 5.7 trillion to 10.6 trillion
Yearly budget went from a 236 billion surplus to a 1.2 TRILLION deficit (a 1.4 trillion drop)
Dow Jones plunged 25% from to 10,587 to 7949
Gasoline tripled from 1.44 to 4.11 per gallon on July 11, 2008
Losing 700,000 jobs monthly

... attributing them solely to Republicans is an opinion.

Got it?

[Bub]

America Destroyed???? Damn it, and I just sent that check to the IRS.

Anyhow, Debt to GDP Ratio at 86-87% RIGHT NOW....careful it doesnt FALL APART on the Dems watch...what happens at 90%?

NOTE: REPUBLICANS NO LONGER IN CHARGE....

[delusianne]

Originally Posted by kemcnyc

... attributing them solely to Republicans is an opinion.

Got it?

They all happened as a result of Republican deregulation policy "and leadership".

[kemcnyc]

They all happened as a result of Republican deregulation policy "and leadership".

Opinion & oversimplified.

For example... a lot of Bush's spending was concession to a Democrat Congress.

We can go back and forth all day... but the fault does not lie with one or the other. The Rep./Dem. argument is a distraction.

[sanrene]

Hilarious!!

Here's your historical deficits/debt going back decades.

Notice in 2006 when democrats took over congress.

Also notice the democrats have just increased the debt by 40%.

Congressional Budget Office - Historical Budget Data (http://www.cbo.gov/budget/historical.shtml - broken link)

Data - Excel file.

Go here for the UE rate;

Notice: Data not available: U.S. Bureau of Labor Statistics

Let's not forget what obama and his radical agenda is doing to the deficit;



http://www.heritage.org/Research/Budget/images/b2249_chart1.jpg (broken link)

We are now up to $14 Trillion on the debt - over half by the democrats.

Debt held by the public was $5 Trillion in 2006, the year the democrats took over congress. It is now over $12 Trillion, soon to be $14 Trillion, all on the democrats watch.

Oh btw, Bush had an average of 5.2% UE rate, Clinton had 5.6%

[RVA-Jsn20]

Originally Posted by kemcnyc

Those are not facts. You are expressing an opinion (which you are entitled to do).

While the below statements at face value might be facts...


... attributing them solely to Republicans is an opinion.

Got it?

Republicans had control of all three branches of government throughout Bush's presidency. How on earth can you say it wasn't the republicans' fault?