The economy grew at 3.3% last quarter. Bill Clinton handed off a growth rate of negative 0.49% to George W. Bush in 2001 -- and then came 9/11. That was followed by 54 months of steady economic growth. The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government's initial estimate of a 1.9 percent pace and exceeded economists' expectations for a 2.7 percent growth rate. According to the US Census Bureau the poverty rate today continues to remain below those Clinton years: The average poverty rate for all Americans for the first seven years of the Reagan terms was 14.2%. For the first seven years of Bill Clinton's terms, it was 13.6%. Under George Bush, the average poverty rate for 2001-2007 is 12.4%.
Thursday, August 28, 2008
Democrats at Convention Claim
The speakers at the DNC and the Main Stream Press continually state that the economy is in horrible shape, that we are on the verge of a full blown depression. I looked up the numbers, and right now reject any statement the stats can prove anything. These are hard cold numbers, like two plus two equals four.
The economy grew at 3.3% last quarter. Bill Clinton handed off a growth rate of negative 0.49% to George W. Bush in 2001 -- and then came 9/11. That was followed by 54 months of steady economic growth. The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government's initial estimate of a 1.9 percent pace and exceeded economists' expectations for a 2.7 percent growth rate. According to the US Census Bureau the poverty rate today continues to remain below those Clinton years: The average poverty rate for all Americans for the first seven years of the Reagan terms was 14.2%. For the first seven years of Bill Clinton's terms, it was 13.6%. Under George Bush, the average poverty rate for 2001-2007 is 12.4%.
The economy grew at 3.3% last quarter. Bill Clinton handed off a growth rate of negative 0.49% to George W. Bush in 2001 -- and then came 9/11. That was followed by 54 months of steady economic growth. The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government's initial estimate of a 1.9 percent pace and exceeded economists' expectations for a 2.7 percent growth rate. According to the US Census Bureau the poverty rate today continues to remain below those Clinton years: The average poverty rate for all Americans for the first seven years of the Reagan terms was 14.2%. For the first seven years of Bill Clinton's terms, it was 13.6%. Under George Bush, the average poverty rate for 2001-2007 is 12.4%.
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