ST Alpha - "To avoid the white-washing of history, let's talk facts. In December of 2000..." (Reading a Post)

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To avoid the white-washing of history, let's talk facts. In December of 2000...

Posted by David (aka David) Jul 13 '12, 10:56

the last full month of Clinton's tenure, unemployment was 3.9%. A year later, it was 5.7%; two years later, it was 6.0%. In Bush's last full month in office was 7.3%. At 8.2% right now, it's held better than Bush managed, scary though that may be.

At the end of 2000, there was a *surplus* in the federal debt of 2.37% relative to the GDP. By the end of 2009, that total was 10.13% in the hole, an unconscionable 12.5% change in only 8 years. That's Bush economics in action. As an aside, that number has already come down to 8.6% under Obama so it's like hopping through a minefield to try to blame all this on people other than Bush.

Responses:

[deleted] 1
- I get it. ST likes blaming W. I'm not going to convince you otherwise. - Strongbad Jul 13, 11:58
[deleted] 3
- I agree with you. HSX was actually a solid model based upon the tech bubble. I don't think people realized how well Max Kaiser mirrored it. - David Jul 13, 11:15 2
  - [deleted] 1
    - I have absolutely 0 desire to argue "facts" about politics on this board. - Strongbad Jul 13, 12:32

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To avoid the white-washing of history, let's talk facts. In December of 2000...

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