7 1/2 YEARS OF GEORGE BUSH
George Bush has been in office for 7 1/2 years. The first six the economy was fine. Remember, it was Iraq that costs Republican's in 2006, not the economy.
At the end of 2005:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) the unemployment rate was 4.5%.
4) the DOW JONES hit a record high--14,000 +
5) American's were buying new cars,taking cruises, vacations overseas, living large!
But American's wanted 'CHANGE'. So, in 2006 they voted in a Democratic Congress and yes--we got 'CHANGE' all right.
In the PAST YEAR:
1) Consumer confidence has plummeted;
2) Gasoline is now over $4 a gallon & climbing!;
3) Unemployment is up to 5.5% (a 10% increase);
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS and prices still dropping;
5) 1% of American homes are in foreclosure.
6) as I write, THE DOW is likely around a new low~~
$2.5 TRILLION DOLLARS HAS EVAPORATED FROM THEIR STOCKS, BONDS & MUTUAL FUNDS INVESTMENT PORTFOLIOS! YES, IN 2006 AMERICA VOTED FOR CHANGE...AND WE SURE GOT IT!
REMEMBER THE PRESIDENT HAS NO CONTROL OVER ANY OF THESE ISSUES, ONLY CONGRESS.
AND WHAT HAS CONGRESS DONE IN THE LAST TWO YEARS?
ABSOLUTELY NOTHING.
NOW THE DEMOCRATIC CANDIDATE FOR PRESIDENT CLAIMS HE IS GOING TO REALLY GIVE US CHANGE ALONG WITH A DEMOCRATIC CONGRESS!!!!
JUST HOW MUCH MORE 'CHANGE' DO YOU THINK YOU CAN STAND?
NOTE: This does not mean a full pledged Republican, just saw this on the internet and wanted to see what you thought.
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4 comments:
Gas now $2.10 here, DOW is about where it probably should be and I don't think you can blame a Democratic Congress for a crisis caused by "self-regulating" financial institutions looked over if at all by true Reagonomics believers - like Alan Greenspan - who was by his own testimony, at the failure of the markets. The SEC etc are still run by the Bush administration...
My take is that if you look at the 110th congress, the Republican minority has been the most obstructionist in history. In the fall of 2007, the 110th Congress' 1st session broke the record for filibuster cloture votes topping 70 as of Nov 15, 2007. It is on track to triple the number of such votes in 2008's 2nd session (congressional record). That explains the lack of movement and the historically low approval ratings.
If Americans really blamed Dems, there would be a massive wave away from them. The fact that Americans want more Dems in the House and Senate speaks volumes. To blame the low ratings on Dems is disingenuous.
1) Consumer confidence has plummeted due to the cumulative failures of the Bush administrations policies. The chickens have come home to roost. I don't agree that a President doesn't have some control on these issues. His appointments direct the policy. His cabinate doesn't make policy without the President's approval.
2) Gasoline was over $4 a gallon due to massive speculation and manipulation by a White House crawling with ties to energy.
3) Unemployment is up to 5.5% (a 10% increase)due to the collapse of our economy which is again due to historic mismanagement by such people as Mr. Greenspan.
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS and prices still dropping as a result of the deregulation and massive greed of lending institutions. The deregulation occurred at the hands of Phil Gramm who slipped provisions into a bill without telling anybody. Gramm is a Republican.
5) 1% of American homes are in foreclosure having been allowed to take mortgages they couldn't afford. If I loan you a million dollars that I know you can't pay, who's the bigger fool?
6) The Dow has plummeted because the global investment market has lost confidence in the investment of our economy because of unimaginable mismanagement.
We will likely see huge surges in the Dow following Obama's win because it will send a signal to investors that the American economy might be guided by steadier hands moving forward.
I respect your political philosophies. But to see the long term problems we're dealing with and suggest the all came up since the Dems have been in the majority is not realistic. Dem leadership has had a hand in the problems, too. But they're far from the cause. It's like saying, "I drove my car until the gas gauge read 'empty.' You got in, drove a mile and we ran out. It's your fault."
Thanks for the great site.
Wait... Two-and-a-half-year high... That means, not as bad as Bush has had it the rest of his time!?
Doesn't mean it was /good/. Doesn't mean it was better than /ever/, or, for that matter, better than /lately/.
2 1/2 years... phew. Can one be proud of that?
that's not fair to compare the end of 2005 to now when the democrats didn't take control of congress until jan 2007.
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