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Politics : PRESIDENT GEORGE W. BUSH
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To: MKTBUZZ who started this subject6/20/2003 11:24:31 AM
From: Neocon   of 769670
 
Here is some data from a pro- Clinton site that might be helpful:

Another major success of the Clinton years is the drop in poverty. Poverty dropped 3.8% under Mr. Clinton and 1% under Mr. Reagan (beginning term to ending term). Average poverty was 13.28% under Mr. Clinton and 15.82% under Mr. Reagan or 2.54% lower under Mr. Clinton on average (15.82-13.28=2.54). However, it should be noted the recession caused poverty to spike up 1.2% in years two and three (1982 and 1983) under Mr. Reagan.

Thus, even including the Volcker recession, the average poverty rate under Reagan was less than 3 points higher than under Clinton. Take the expansion, and the difference almost disappears.

Average growth under both president's was very similar or 3.36% under Mr. Reagan and 3.74% under Mr. Clinton. The huge spike in growth in 1983 (year 3) under Mr. Reagan followed a severe drop in 1982 (year 2) from the recession.

Thus, Reagan had almost the same average growth rate even with the recession.

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