Impeachment and bad economy ruined Bill Clinton

Not only was he impeached, but the economy sucked under him:


http://www.freerepublic.com/focus/f-news/1108952/posts


The Democrats "Big Lie"

"This is the worst economy since Herbert Hoover."


The "Ten Bullets" To Shoot Down That Lie

1. Unemployment rate after GWBush's 3rd year is identical to after
Clinton's 3rd year.
2. Family poverty rate is lower, on average, under GWBush than under
Clinton.
3. "Deep" poverty rate is lower, on average, under GWBush than under
Clinton.
4. Homeownership rate is now higher than anytime in history.
5. Inflation rate fell more under GWBush than Clinton and is now lower
after GWBush's 3rd year than Clinton's 3rd year.
6. Growth rate of the national debt per American is nearly the same as
during the 1990s.
7. Federal Deficit as a % of GDP is nearly the same as the past six
decades average.
8. Number of people employed rose more than number of unemployed under
GWBush.
9. Tax burden for middle-class families was reduced FAR more than for
"rich" families.
10. Average hourly and weekly earnings rose more under GWBush than
Clinton and are now higher than ever in history.


(note, now the unemployment rate is down to 4.7%, that means even
Mulay can land a job if he wants one)

The Details

1. Unemployment Rate -

Jan 2004: 5.6% (After GWBush's 1st three years)
Change in rate from prior year (Jan '03-'04): 0.3%, Decrease

Jan 1996: 5.6% (After Bill Clinton's 1st three years)
Change in rate from prior year (Jan '95-'96): 0.0%, No change
* The Unemployement Rate is the same after GWBush's 1st three years as
it was after Bill Clinton's 1st three years.
* The Unemployment rate steadily declined in the third year with
GWBush while it remained unchanged in Bill Clinton's third year.
Source:
Bureau of Labor Statistics




2. Poverty Rate For Families (Two-Year Average) -

2001-2002: 9.40% (GWBush's 1st two years)
1993-1994: 12.95% (Clinton's 1st two years)
1993-2000: 10.50% (Average for Clinton's full eight years)
* The % of families living in poverty is lower after two years under
GWBush than after two years under Bill Clinton - even lower than 7 out
of 8 of Clinton's years in office.
Source:
US Census




3. Percent of People Below 50 Percent of Poverty Level (Two-Year
Average) -

2001-2002: 4.95% (GWBush's 1st two years)
1993-1994: 6.05% (Clinton's 1st two years)
1993-2000: 5.31% (Average for Clinton's full eight years)
* The % of people living in deep poverty is lower after two years
under GWBush than after two years under Bill Clinton - even lower than
the average across Clinton's entire TWO terms of office... AND lower
than ANY of Clinton's 1st six years in office.
Source:
US Census




4. Homeownership Rate -

GWBush's 1st three years:
4th Quarter 2000: 67.5% (before GWBush)
4th Quarter 2003: 68.6% (after 3 years of GWBush)
Difference: +1.1%

Bill Clinton's 1st three years:
4th Quarter 1992: 64.4% (before Clinton)
4th Quarter 1995: 65.1% (after 3 years of Clinton)
Difference: +0.7%
* The Homeownership Rate is higher under GWBush's 1st three years than
under Bill Clinton's 1st three years.
* The Homeownership Rate grew MORE in the 1st three years with GWBush
than in the 1st three years with Bill Clinton.
Source:
US Census




5. Inflation Rate -

GWBush's 1st three years:
Jan 2001: 3.73% (before GWBush)
Jan 2004: 1.93% (after 3 years of GWBush)
Difference: 1.8% Decrease

Bill Clinton's 1st three years:
Jan 1993: 3.26% (before Clinton)
Jan 1996: 2.73% (after 3 years of Clinton)
Difference: 0.53% Decrease
* The Inflation Rate is lower after three years of GWBush than it was
after Bill Clinton's first three years.
* The Inflation Rate declined over three times greater under GWBush
than under Bill Clinton.
Source:
InflationData.com




6. National Debt per American Citizen -

1940-1950: Increased at 11.2% annual rate. (WWII and reconstruction)
1990-2000: Increased at 1.6% annual rate. (no lengthy military
conflicts)
2000-2004: Increased at 2.5% annual rate. (Afghanistan, Iraq,
reconstruction and war on terror)
* The national debt per citizen is growing at a rate nearly equal to
the "peace-time" rate of the 1990s.
Sources:
US Treasury
US Census
CPI-calculator




7. The Federal Deficit As A Percentage Of GDP -

Avg. Post-WWII (1946-2002): 1.6%
GWBush Budget (2002-2008): 1.8%
* As a % of The GDP, The Deficit Under GWBush Nearly Identical To The
58-Year, Post-WWII Average.
Sources:
American Farm Bureau Federation Analysis
Citing OMB Statistics



8. Employment Numbers (Total US Civilian labor force ) -
GWBush Starts, Jan 2001:
Employed: 135,999,000
Unemployed: 5,956,000
"discouraged": 303,000

3 Years Later, Feb 2004:
Employed: 138,301,000 (+2,302,000 more than 2001)
Unemployed: 8,170,000 (+2,214,000 more than 2001)
"discouraged": 484,000 (+184,000 more than 2001)
* Number of employed people increased by 88,000 more than the number
of unemployed people under GWBush.
* Even factoring in those who're "discourged" and stopped looking for
work, the increase in unemployed+discouraged was less than 100,000
more than the increase in employed.
Sources:
Bureau of Labor Statistics
Bureau of Labor Statistics




9. Tax Burden, "Middle-Class Family" compared to "Rich Family"-

Taxes Owed by "Middle-Class Family", Head of Household, 2 kids,
$35,000/yr Income:
Before Bush Tax Cut: $1,128
After Bush Tax Cut: $328
Net Change: $800 LESS taxes owed.

Taxes Owed by "Rich Family", Head of Household, 2 kids, $250,000/yr
Income:
Before Bush Tax Cut: $65,879
After Bush Tax Cut: $61,963
Net Change: $3,916 LESS taxes owed.
* Effect of Bush's Tax Cut On "Rich Family": Tax Burden Reduced by
5.94%
* Effect of Bush's Tax Cut On "Middle-Class" Family: Tax Burden
Reduced by 70.95%
Source:
Heritage Foundation




10. Earnings, Private Sector (all figures in 2004 dollars,
CPI-adjusted) -

Average Hourly Earnings Under GWBush:
Jan. 2001: $14.79
Feb. 2004: $15.52 (+4.9% increase)
Average Hourly Earnings Under Clinton:
Jan. 1993: $14.29
Feb. 1996: $14.33 (+0.3% increase)
* +4.9% Increase In Avg Hourly Earnings Under GWBush's 1st Three
Years.
* +0.3% Increase In Avg Hourly Earnings Under Clinton's 1st Three
Years.
Average Weekly Earnings Under GWBush:
Jan. 2001: $507.27
Jan. 2004: $523.56 (+3.2% increase)
Average Weekly Earnings Under Clinton:
Jan. 1993: $493.35
Jan. 1996: $487.87 (-1.1% decrease)
* +3.2% Increase In Avg Weekly Earnings Under GWBush's 1st Three
Years.
* -1.1% Decrease In Avg Weekly Earnings Under Clinton's 1st Three
Years.
Sources:
Bureau of Labor Statistics
Bureau of Labor Statistics
Bureau of Labor Statistics

.

Relevant Pages

  • Re: Impeachment and bad economy ruined Bill Clinton
    ... Family poverty rate is lower, on average, under GWBush than under ... Clinton. ... Average hourly and weekly earnings rose more under GWBush than ... GWBush while it remained unchanged in Bill Clinton's third year. ...
    (alt.guitar.amps)
  • Re: Impeachment and bad economy ruined Bill Clinton
    ... The unemployment rate is the column is that column headed 6.8. ... Family poverty rate is lower, on average, under GWBush than under ... Clinton. ... GWBush while it remained unchanged in Bill Clinton's third year. ...
    (alt.guitar.amps)
  • Re: Impeachment and bad economy ruined Bill Clinton
    ... Unemployment rate after GWBush's 3rd year is identical to after ... Family poverty rate is lower, on average, under GWBush than under ... Clinton. ... GWBush while it remained unchanged in Bill Clinton's third year. ...
    (alt.guitar.amps)