10/29/2004 02:34:55 PM|||Toni|||It seems to me that either Kerry is a serial liar OR he needs a few classes in Finance and Economics. Yeah - that's prolly it. Kerry just needs a refresher in how to add, subtract and multiply. I'll keep it simple cause well - you know - I'm just a Republican and we aren't very intelligent or nuanced kind of people.
GDP = 3.7%; What Was Bill Clinton's at Same Point in '96? 3.4%
Robust growth in the economy continues despite media spin, Wall Street estimates, and John Kerry talking down anything that is good in America today. And don't forget that for the last few months ALL revisons to reported numbers have been substantial improvements in economic performance.
Wall Street seems to initially agree as markets are up as of 10:08am (and that is far more telling than any "futures" speculation -- Maybe we can get Hillary to give us some tips on the futures markets! lol)
So how has life been the last year and a half?
CLINTON
2nd Quarter '95 0.7%
3rd Quarter '95 3.3%
4th Quarter '95 3.0%
1st Quarter '96 2.9%
2nd Quarter'96 6.7%
3rd Quarter '96 3.4%
BUSH
2nd Quarter '03 4.0%
3rd Quarter '03 7.4%
4th Quarter '03 4.2%
1st Quarter '04 4.5%
2nd Quarter'04 3.3%
3rd Quarter '04 3.7%
CLINTON
Average GDP Growth: 3.3%
BUSH
Average GDP Growth: 4.5%
|||109907925570165709|||The State of the Economy Bush vs Clinton