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Posts Tagged ‘economy’

During the Clinton years, the Dow grew steadily to record highs.  Then Bush came, and his reckless economic policies turned a $200 billion surplus into a $1.4 trillion deficit. Along with that came a rocky stock market and a total meltdown at the end of his presidency.

Dow Clinton Bush Obama

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Since Obama took office, the Dow has been climbing steadily.

And still, our illustrious Republican candidates all tell us that Obama’s presidency has made our lives so much worse than they were when we had Bush.

It’s dumbfounding, how one can think that, given these charts.

This chart is only about the Dow. I could make similar charts about gas and oil prices, dependency on foreign energy, the value of the dollar, actual government spending, the number of people employed, the unemployment rate, on and on.

But Dick Cheney still calls Obama the worst president of his lifetime.

He must not have been alive during the Bush years, when he was co-president.

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Somebody started the term “Fiscal Cliff.” What exactly is the Fiscal Cliff that we’re about to run over?

The Bush tax cuts are expiring. They were meant to be temporary. Time has run out and on January 1, 2013, we’ll go back to the Clinton tax rates.

The tax rates that were in place when the economy boomed unlike at any other time in the last 50 years, the tax rates that were in place when the government produced a surplus and we were paying off our debt so we would not burden our children and grandchildren with it.

Some cliff, I say.

I am shaking in fear of the unimaginable hell, the utter disaster, of this Fiscal Cliff.

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