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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Tadsamillionaire who wrote (402449)	5/3/2003 9:13:01 PM
From: Kenneth V. McNutt	Respond to of 769667

<< Most of the jobs Clinton/Gore helped make are at McDonalds and Burger King. And as I understand it, McDonalds isn't in the greatest health financially either. >> Unemployment rate 2003=6% President Bush Unemployment Rate 1995=6% You know who! Clinton tulip mania came home to roost in 2000, the beginning of the present recession. Ken

To: Tadsamillionaire who wrote (402449)	5/3/2003 10:35:16 PM
From: ecommerceman	Read Replies (5) \| Respond to of 769667

Are you kidding??? I have utter disdain for Bill Clinton in some ways, as his personal shit put a right-wing fool in the White House, but anyone who writes that Bill Clinton did nothing to provide sound economic footing for the United States is woefully out of touch. Here is just a piece of it: The Strongest Economy in a Generation Longest Economic Expansion in U.S. History. In February 2000, the United States entered the 107th consecutive month of economic expansion -- the longest economic expansion in history. Moving From Record Deficits to Record Surplus. In 1992, the deficit was $290 billion, a record dollar high. In 2000, we have a projected budget surplus of $167 billion -- the largest dollar surplus on record (even after adjusting for inflation) and the largest as a share of our economy since 1951. This is the first time we have had three surpluses in a row in more than a half century. Paying Off the National Debt. We are on track to pay down $297 billion of debt over three years. In 1998 and 1999, we paid down $140 billion in debt. This year, we are on track to pay down $157 billion of debt - bringing the three-year total to $297 billion. Public debt is $2.4 trillion lower in 2000 than was projected in 1993. Debt reduction brings real benefits for the American people -- a family with a home mortgage of $100,000 might expect to save roughly $2,000 per year in mortgage payments. Reduced debt also means lower interest rates and reduced payments on car loans and student loans. With the President's plan, we are now on track to eliminate the nation's publicly held debt by 2013. Over 21 Million New Jobs. 21.2 million new jobs have been created since 1993, the most jobs ever created under a single Administration -- and more new jobs than Presidents Reagan and Bush created during their three terms. 92 percent (19.4 million) of the new jobs have been created in the private sector, the highest percentage in 50 years. Under President Clinton and Vice President Gore, the economy has added an average of 248,000 jobs per month, the highest under any President. This compares to 52,000 per month under President Bush and 167,000 per month under President Reagan. Fastest and Longest Real Wage Growth in Over Three Decades. In the last 12 months, average hourly earnings have increased 3.7 percent -- faster than the rate of inflation. The United States has had five consecutive years of real wage growth -- the longest consecutive increase since the 1960s. Since 1993, real wages are up 6.8 percent, after declining 4.3 percent during the Reagan and Bush years. Unemployment Is Nearly the Lowest in Three Decades. Unemployment is down from 7.5 percent in 1992 to 4.1 percent in March 2000 -- nearly the lowest unemployment rate in thirty years. The unemployment rate has fallen for seven years in a row, and has remained below 5 percent for 33 months in a row. African-American unemployment has fallen from 14.2 percent in 1992 to 7.3 percent in March 2000 -- the lowest rate on record. The unemployment rate for Hispanics has fallen from 11.6 percent in 1992 to 6.3 percent in March 2000 -- and in the last year has been at the lowest rate on record. For women the unemployment rate was 4.3 percent in March -- nearly the lowest since 1953. Highest Homeownership Rate in History. In 1999, the homeownership rate was 66.8 percent -- the highest ever recorded. Minority homeownership rates were also the highest ever recorded. Lowest Poverty Rate in Two Decades. The poverty rate has fallen from 15.1 percent in 1993 to 12.7 percent in 1998. That's the lowest poverty rate since 1979 and the largest five-year drop in poverty in nearly 30 years (1965-1970). The African-American poverty rate has dropped from 33.1 percent in 1993 to 26.1 percent in 1998 -- the lowest level ever recorded and the largest five-year drop in African-American poverty in more than a quarter century (1967-1972). The poverty rate for Hispanics is at the lowest level since 1979, and dropped to 25.6 percent in 1998. Largest Five-Year Drop in Child Poverty Rate Since the ?60s. Under President Clinton and Vice President Gore, child poverty has declined from 22.7 percent in 1993 to 18.9 percent in 1998 -- the biggest five-year drop in nearly 30 years. The poverty rate for African-American children has fallen from 46.1 percent in 1993 to 36.7 percent in 1998 -- a level that is still too high, but is the lowest level in 20 years and the biggest five-year drop on record. The rate also fell for Hispanic children, from 36.8 percent to 34.4 percent - and is now 6.5 percentage points lower than it was in 1993. __________________ You are right! However, Bill Clinton did nothing in the 8 years he was in office to provide sound economic footing for the country. Where are the manufacturing jobs to help union workers? where are the so called silicone valley jobs he produced? Most of the jobs Clinton/Gore helped make are at McDonalds and Burger King. And as I understand it, McDonalds isn't in the greatest health financially either.