Voodoo Economics
2000-2004 Economic Statistics
Financial Markets
S&P 500 -15%
NASDAQ -36%
Dow Jones -5.3%
Consumer income and expenses and Standard of Living
Price of a Gallon of Gas +46%
Real Value of the Minimum Wage -7%
Median Household Income -4%
Average cost of 4-year public college +24%
Poverty Rate +11%
Americans filing for Bankruptcy +33%
Annual Increase in Prescription Drug Prices (from 4.1% t0 6.8%) +68%
Number of Americans without Health insurance +18%
Federal Finances
Federal Debt +39%
Monthly Trade Deficit +75%
Annual Trade Deficit +53%
The Dollar
Dollar versus Euro -30%
Dollar versus Yen -11%
Consumer Debt
Home Mortgage Borrowing +100%
Total Outstanding Consumer Debt +28%
Household Debt as a Percentage of Assets: 20%
Household Debt as a Percentage of GDP +21%
I hope this takes care of the fallacy that Republicans are conservative stewards of the economy. It's a lie.
posted by Zappatero @ 10:48 PM
1 comments
1 Comments:
I won't waste my time on all of your points, but it's funny how you just threw numbers out there. As a homework assignment, look at your assessment of the Dow again. Be sure to note (this time) that the Republicans took office at the end of the year. Then, look at the performance post 9/11, as that event had a signifcant impact on the markets, if you didn't realize that. Don't throw meaningless numbers in our face, you embarass yourself and insult our intelligence.
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