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Who would have thought that barely more than a decade after Bush crashed the economy and caused what was supposed to be a "once per generation" economic calamity, this country would be stupid enough to elect another Republican to crash it again but only 100x worse.
I bought land in 2 countries
Built homes in 2 countries.
So the Bush ERA was great for me. My health insurance was also a hell of a lot cheaper, both premium wise as well as co-payments and no deductibles. Yeah the Bush era was better for me.
Trump is supposed to be the best president ever in American history yet people are yearning for the lackluster Bush years. If the Bush years were really that good, McCain would have won in 2008 and Jeb Bush would have been the GOP nominee in 2016. Nobody wanted that.
"If the Bush years were really that good," Go back and read post#6!
Yes, those were great times ! My career was on fire, my salary was on a sharp incline ( about $30k more than it is now) jobs were everywhere. I was 50lbs lighter, had more energy , had a boat, a house , snowmobiles and a dirt bike. I had a lot of fun in that time period. The early 2000's had great music and the bars/clubs were awesome...that started declining though, by mid late 2000's that changed.
Now the downside, I was spending money faster than I could make it, partying and womanizing was fun but was starting to get old. And even though my career was going good, I was watching the effects of outsourcing and offshoring going on. It seemed like every month someone was losing their job or a shop was closing it's doors. In '07 I saw what was coming in my area (metro Detroit) and took a job out of state for two years...came back a year to soon though. In '09 things went rock bottom.
The Bush era began with a recession and ended with an even bigger recession.
I graduated undergrad in between the 2 recessions. Employers were not clamoring to hire me. The time between 2000-2002 and 2007-2009 was only good if you were a real estate agent or mortgage broker.
I think the people that did great during the Bush era already had a foothold in their career or investments before he assumed office. For those of us just graduating or only a year or two out of college, we missed the gangbusters economy enjoyed under Clinton and Reagan. Enter 9/11 and the Iraq War Part 2 and it only went downhill from there. The Bushes represented the kind of global elitism and nation-building that most Americans are finally fed up with.
It was until the dems took back control of the House and W realized the mortgage business was in trouble and D barney frank and dem chrid dodd refused to do any thing abut Frank saying, "there is NO problem."
" Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.
By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues
Good thing it didn't turn out to be just a bubble, eh?
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