SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (617340)9/3/2004 11:50:50 AM
From: DizzyG  Read Replies (2) | Respond to of 769670
 
Considering that the US experienced...

1. 9/11
2. The Clinton recession
3. The War with IRAQ

I'd say that it's AMAZING that 5.4% was achieved at all. I guess those tax cuts really worked, eh?

Diz-

PS: How about the Jobs report, Kenneth? Guess you were wrong again, eh?



To: Kenneth E. Phillipps who wrote (617340)9/3/2004 12:01:01 PM
From: tonto  Respond to of 769670
 
The unemployment rate was at 4.2 percent when President Bush took office in January, 2001.

Source: The Democratic Policy Committee

democrats.senate.gov

When Bush took office, unemployment was less than 4% so why should we cheer about 5.4%?



To: Kenneth E. Phillipps who wrote (617340)9/3/2004 12:19:32 PM
From: Srexley  Respond to of 769670
 
"When Bush took office, unemployment was less than 4% so why should we cheer about 5.4%?"

I think I outlined it pretty well before. But here it is again:

We were in a recession that started just before Bush took office.

We were attacked on 9-11-01 resulting in the destruction of the WTC towers, the loss of close to 3,000 lives, the astronomical loss of revenue and employment in the airline and travel industry, the partial destruction of the Pentagon and the temporary shut down of our financial markets.

Public confidence was shaken by corporate scandals that flourished under Clinton, but were being cleaned up by the Bush administration with the biggest crackdown on corporate corruption EVER. By a long ways.

There was a build up to war with Iraq, and subsequently the war with Iraq.

And with all that, we are at a number that is better than the average of the Clinton Presidency and the entire decades of the 70's, 80's and 90's. Only a dishonest IDIOT would ignore the FACTS and CIRCUMSTANCES outlined above, and then take the very lowest point in unemployment during Clinton's term (achieved during an internet bubble that was unsustainable) to use as a target for where we should be right now. That is soooooo absurd that I have trouble even comprehending how an intelligent adult could put it forth.