Bush Econovomits
Bush Econovomits
# 8 BUSHOVOMITS II
JOBS
NET NEW JOBS PER MONTH
Clinton—237,000
Carter—-218,000
Reagan—175,000
Bush II—-70,000 (He brags on this-wow)
TOTAL STOCK MARKET GROWTH
PERCENT INCREASE PER YEAR
Clinton—41%
Bush I—-21
Reagan—17
Carter——5
Bush II—–4 ( he calls this Zoom?)
How? Yes, much money has been made as the stocks climbed out of deep hole.
Example—Cisco zoomed from $75 to $15. Deep hole. Then, over six years it zoomed to $35.
S& P just recently reached it’s 2000 Level.
One-Half the Dow thousands just go back to 2000 level. Not Dow 30.
HOME COSTS
Average annual income to buy an average priced home
2000-3.2 years—-2006—5.4 years
An increase of 68% over six years.
The next noise you hear will be Foreclosure Boom
INFLATION
Ignore gasoline—home prices—education prices—heath care prices
Everything is beautiful if you can control the numbers.
MONEY SUPPLY
M-3
Increase in each decade
1970—1207 Billion
1980—2266
1990—2612
2000—3693 (6 years)
Increase per year for each decade
1970—120
1980—226
1990—261
2000—615 (6 years) will hit 800?
Life is grand when Chairman and all Federal Reserve Officials are “Conservative” Republicans
Ok! So the Europeans can buy our goods now—
In 2000 it took $.83 to buy a Euro. Now it takes $1.37
3 course-set lunch—London-$61.50—Nyc-$45
Four Seasons Room—London-$1,000—Nyc-$465
DEBT—
1980—Less than 1000 Billion (after 200 years)
1990—4,000 (12 years of Conservative Republicanism)
2000—5700
2007— 8881 (7-10-07) wow! More Spend and Borrow let Kids Pay Tomorrow Conservatism
SPENDING
Clinton last budget 1.84 Trillion. Bush up to 2.9 with one budget to go.
Reagan increased Total Sending by 80%. Bush may tie LBJ at 60%.
Note how Heritage-AEI and all Conservatives count only one-half of the budget as their presidents responsibility. Watch them on Revenues. They will cheat. They will use correlations where there is no connection.
SAVINGS
Total National Savings has gone negative for first time since Conservative Big Crash
PROFITS
Corporate profits at all time high
Buy overseas at $.50 cent per hour labor and sell to suckers as tho $10 per hour labor
Keep minimum wage as low as possible.
Use two part time instead one full time
Do not pay Insurance.
Maximize Profits like good Christians.
Ever hear of optimizing profits?
Buy Washington. It is cheap.
INTEREST RATES
Republican Federal Reserve let Clinton end with a 6.5 % rate then few months later gave Bush a 1% rate. If this Federal Reserve is non-partisan I will shoot a 61 tomorrow.
Greenspan gave Clinton 13 significant rate hikes during campaign years.
Everything is beautiful if you are Mega-Rich.
Clarence Swinney
Political Research Historian since 1991 on Reagan-Clinton-Bush II administrations
Burlington nc