EconChick
Gold Member
- Feb 15, 2014
- 4,678
- 828
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- #281
Weird after 8 years of Dubya/GOP 'job creator' policies why wasn't the US economy booming?
Bush's economy over his full 8-yr tenure was great compared to that of Obama's 5.5 years. And that's even WITH the fact that Bush had the jolt of 9/11 attacks on the economy to deal with.
After the jolt of the September 11, 2001 attacks, the highest the unemployment rate rose was 6.3% in June, 2003.
This rate seems remarkably low by todays economic standards.
Then the economy calmed down and actually grew, dropping the unemployment rate to the mid 5% range, where it stayed for the next two years.
In fact, the rate was 5.4% in November, 2004 when Bush was reelected.
Really good news came in December, 2005 when the unemployment rate dipped to 4.9% and stayed in the 4% range straight through to November, 2007.
Then in December, 2007 it went to 5.0%, rose slowly and really shot up in August, 2008 to 6.1%. When the economy tanked, the rate blew right through the 6% range ending December, 2008 at 7.3%.
At that point, we were dealing with the financial bubble brought on by very long term conditions contributed to by both Democrats and Republicans. Both parties get blame for that crisis.
But for most of his tenure, Bush provided quality FULL TIME jobs in far greater numbers than has Obama.
Bush 'provided' the jobs, eh? Very funny.
It's right there in your face. Can't you read English? Maybe you have comprehension issues?