To: Raymond Duray who wrote (284042 ) 8/6/2002 2:18:15 PM From: DuckTapeSunroof Read Replies (1) | Respond to of 769667 Mark Shields: An 'apology' to my conservative friendscnn.com "...All of us are entitled to our own opinions, but none of us is entitled to her own facts. The facts are painful for Republicans." "The most recent Democratic administration first elected in 1992 inherited, after 12 years of Republican presidents and downsizing and layoffs, an unemployment rate of 7.5 percent and a federal budget deficit of $290 billion. Eight years later, that budget deficit had been turned into a $236 billion surplus; the nation's unemployment rate had been cut to 3.9 percent, the nation's lowest in 30 years; the Dow-Jones had climbed by more than 8,000 points; and unemployment rates among women, African-Americans and Hispanic Americans had been reduced to historic lows. In those two Democratic White House terms, more jobs -- 22 million plus—were created than in the three Republican terms from 1980 to 1992." "But that was nothing new. Since World War II, the country has had five Democratic and six Republican presidents (including the incumbent). U.S. job growth per year was higher under every one of the five Democratic presidents than it was under all the Republican presidents. That's right, American jobs grew faster under Bill Clinton, Lyndon Johnson, Jimmy Carter, John Kennedy, Harry Truman and, yes, under Richard Nixon, too, than they did under Ronald Reagan." "Not all was economic milk and honey during the Clinton-Gore years. The gap between the Haves and the Have-nots continued to grow. By 2000, the wealthiest 1 percent of Americans owned more than did the bottom 95 percent. By that same year, American workers with less than a high-school diploma earned 26 percent less than they had in 1979 and workers with a high-school diploma earned 12 percent less in 2000 than they had in 1979. But these are not voters who ordinarily identify their own economic well-being with the caviar and chardonnay policies of the GOP." "In defense of Clinton, who was often accused of sycophantic chumminess with Big Money, he did appoint genuine reformer Arthur Levitt as chairman of the Securities and Exchange Commission. And Clinton did back Levitt when the chairman had the guts to demand that the big accounting firms give up their lucrative practice of consulting and auditing the books of the same companies."