Bush/GOP Majority inherited a Dow of 10,600 and left with 7950 (Jan 20, 2009). DOW is 13,000+ today.
Bush/GOP Majority inherited 4% unemployment and left with 7.9%/8.2% (Jan/Feb 2009).
Bush/GOP Majority inherited a surplus and left with record deficits. http://www.flickr.com/photos/speakerpelosi/4691566087/sizes/l/
Bush/GOP oversaw the worst financial collapse since the 1930s.
Bush/GOP tenure produced the worst employment growth since WWII.
Bush/GOP grew the Government 33% in 8 years.
2 “off budget” Wars.
Medicare D – “off budget”.
2 Tax Cuts with no equivalent reduction in spending, just added to the Deficit. That’s why they were set up as TEMPORARY.
Bush - National Debt Increase: $5.5+ trillion. DURING AN EXPANSION.
Bush/GOP DEFICIT End-of-Term/2009 Fiscal Year: $1.413 Trillion.
National Debt as of Jan. 15, 2009: $10.6 trillion
Debt when Mr. Bush took office: $5.7 trillion
(Source: U.S. Treasury Dept.)
Good charts on Debt/Deficit Breakdown from Bush to Obama:
· 7 years ago