As congress fails to pass the economic rescue package, and the rest of us sit around biting our nails, wondering just how bad things are about to get, it's worth comparing the last eight years of Republican economic stewardship to the eight years of Democratic stewardship that preceded them. We'll let the Dow Jones index do the talking:
(Updated at 8:45 pm to reflect today's 777 point drop)
Monday, September 29, 2008
Final Verdict: Eight Years of Economic Mismanagement
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5 comments:
To be fair, if you give '08 to Bush, you have to give '00, with all its dot-com-bust wobblies, to Clinton.
To be really fair the scale should be the same for both graphs to more accurately represent the depth of the Bush failure.
Josh: duly noted and corrected. Thanks.
You are absolutely right to let the evidence speak for itself. Now we need Obama to hit McCain even HARDER with these facts.
a lot of clinton's economic growth was based on the inflated dot-com boom, just like the real estate boom for Bush. Clinton just got lucky and left office before the economic collapse in 00-01, which was due to the dot com bust (which started with clinton) and 9/11. notice how the economy recovered and proceeded upward for about 5 years for bush too...
and as far as what's happening now, the whole subprime mortgage thing was precipitated by Clinton's affirmative-action quotas which forced Freddy/Fannie to give lots of bad mortgages.
while Bush also increased these quota limits, the Repubs tried their dangdest to reform Freddy/Fannie over the last few years, but the Dems wouldn't let them
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