Re: By the numbers
- From: Mickey <Mickey@xxxxxxxxxxxxxxxxxxx>
- Date: Fri, 22 Oct 2010 11:40:54 -0500
"Tom S." <tmswork@xxxxxxx> wrote:
On 10/22/2010 8:24 AM, btorvik2 wrote:
Mickey wrote:See Calvin Coolidge, 1921 (you know...the first time your voted!!) :-P
[...]Political administrations have very little real impact on recessions
Of course, the real issue is broader than that, for Americans began
this change when they gave Democrats control of Congress in 2007. The
numbers since then are even more stark:
* In January 2007 before the Democrats took over Congress,
unemployment was 4.6 percent; now it's 9.6 percent.
* In January 2007 there were 7.1 million unemployed people in
America; now there are 14.9 million.
* In January 2007 the median home price was $210,600; today it's
* In January 2007 the Dow Jones Industrial Average was at 12,500;
today it's at 11,000.
* In January 2007 the gross federal debt was $9 trillion; today
it's $13.5 trillion.
* The poverty rate in 2006 was 12.3 percent; now it's 14.3 percent
* In the final budget created by a GOP-controlled Congress, the
deficit was $160 billion; now it's $1.6 trillion.
Add it all up and: there were half as many people out of work then;
houses were worth 17 percent more; stocks were 15 percent higher; the
federal debt was 33 percent lower; poverty was 14 percent lower, and;
the deficit was 90 percent lower.
Good ol' "silent Cal":
"I favor the policy of economy, not because I wish to save money, but
because I wish to save people. The men and women of this country who
toil are the ones who bear the cost of the Government. Every dollar
that we carelessly waste means that their life will be so much the
more meager. Every dollar that we prudently save means that their life
will be so much the more abundant. Economy is idealism in its most
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