phillyfan26
Blue Crack Supplier
- Joined
- May 7, 2006
- Messages
- 30,343
Not much evidence in the article which claims 8 year period is the weakest economically in decades!?!?!
Well, lets look at the raw averages of some economic numbers for Clintons 8 years VS. Bush's 8 years:
The Average National Federal Debt as a percentage of GDP:
Clinton Years 64.5%
Bush Years 61.9%
Average GDP growth rate:
Clinton Years 5.4%
Bush Years 4.8%
Average Annual Poverty Rate:
Clinton Years 13.3%
Bush Years 12.3%
Average Annual Inflation Rate:
Clinton Years 2.60%
Bush Years 2.69%
Average Annual Unemployment Rate:
Clinton Years 5.21%
Bush Years 5.20%
It should be noted that the average poverty rate under President Bush is the 3rd lowest in US history!
You're posting these statistics to a statistician here. I'm not fooled.
I'm aware of the difference between averages and trends. Let's say, for example, that at the beginning of his term, the unemployment rate was 4%. By the end of his term, it's 6%. What's the average, if the rate of increase was steady? 5%. But he actually oversaw a rather large shift.
I don't know the real numbers, but I do know that what you've posted here is complete spin. Averages don't matter. The change from 2001 to 2009 is what matters.