PROMISES PREDICTIONS AND PERFORMANCE
DEMOCRATS REPUBLICANS
DEMOCRATS
President Clinton raised taxes (without a single Republican vote) left office after 8 years, with the longest economic expansion in America
Created over 22 million new jobs.
Lowest unemployment in 30 years
Lowest inflation since the 1960’s
Largest six year drop in poverty in 30 years.
Extended solvency of Medicare from 1999 to 2025
A record budget surplus four consecutive years.
Left office with an approval rating of 65% the highest since Eisenhower
REPUBLICANS
President George W. Bush enacted the largest tax cuts in America’s history primarily benefiting the richest (opposed by Bush Economic Advisement Council—opposed by 450 economists, 10 Nobel Prize laurets who signed this statement: “these cuts will worsen the long-term budget outlook..will reduce the capacity of the government to finance Social Security and Medicare benefits as well as investments in schools, health, infrastructure, and basic rsearch..and generate further inequalities in after-tax income” and left office after 8 years with the second worst economic collapse since Hoover
Lost 2.6 million jobs the last year in office, 1.9 million the last 4 months the highest in over 60 years.
The total number of unemployed Americans rose 632,000
Budget surplus—0 years
Disapproval rating October 2008 71%
National debt increased over 100%, $5.6 trillion to $11.3 trillion , second highest in history exceeded by Reagan’s 300% increase
Stock Market
Lost 25.1% during Bush 8 years.
Gained 95.9% during Obama’s 3 ½ years.
Jobs
Bush lost 2.6 million last year in office
Obama added 5 million last 41 months
National debt
Reagan increased 300%
George W Bush increased over 100%
Obama (figure %--11.3 trillion to 16 trillion)
278 words --Work in progress not to be used in this format in PCR blog without prior written consent of author John Hotz
