Blacken if you would read a lil bit you would find out that bush wasnt handed this great economy, this so called surplus wasnt really a surplus, yes the fed had alot of money, but that wasnt earned, it was borrowed. No body ever talks about how clinton grew the debt to create this so called surplus, and if you check your facts you will find that in g.b first term he paid down the debt 452 billion, dollars. EVEN WHILE CONDUCTING THE WAR HOW MUCH DEBT HAS BAM BAM PAID DOWN ![Huh ???](http://www.getbig.com/boards/Smileys/classic/huh.gif)
oh and guess how he was able to pay off this amount of debt that bam bam doubled in one year? maybe it had a lil something to do with g.b 52 strait months of positive job growth!!!
Here's a small article form 2008
« Since When Are "Most Economists" Authorities on House Prices? | Main | Bad Debt: $100 Billion, $400 Billion, Who's Counting? »
Bush Takes Credit for Sunrises and Job Growth
President Bush boasted yesterday that his economic policies had led to a record 52 months of consecutive job growth. The WSJ dutifully reported the boast. It didn't bother to point out that
President Bush has the worst record on job growth of any post-war president, with the most recent jobs report pushing the rate of job growth in his administration below the dismal record under his dad.
The economy creates jobs. It's just like the sun rising. Unfortunately, people are more familiar with the pattern of sun rises than they are with economic trends, that is why reporters are supposed to explain to readers that boasts like the one made by President Bush are ridiculous. I have pasted below the rate of annual job growth under the presidents since 1960:
Kennedy-Johnson -- 3.3%
Nixon-Ford -- 1.9%
Carter -- 3.0%
Reagan -- 2.1%
Bush I -- 0.6%
Clinton -- 2.4%
Bush II --0.6%
(Source: Bureau of Labor Statistics.)
If reporters actually did some analysis and pointed out the reality behind such nonsense boasts, then politicians like President Bush would not make them.