Submitted by Readers
The Readers’ Forum letter on Nov. 28, “Amnesia afflicts president-bashers” by Gary Schetrompf, interested me. One item in particular struck me.
He said, “A small reminder: 3.5 million jobs were lost under the Bush years from 2000 to 2008.”
While this may be true overall, it is interesting that the following statistics are also true and can be verified:
On Jan. 7, 2007:
* The DOW Jones closed at 12,621.77.
* The gross domestic product (GDP) for the previous quarter was 3.5 percent.
* The unemployment rate was 4.6 percent.
George Bush’s economic policies set a record of 52 straight months of job growth.
Why do I note the Jan. 7, 2007, date? That is the day the Democrats took over both the House of Representatives and the Senate. It was the very start of the 110th Congress.
The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.
The Democrats inherited a deficit. It was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years and the fourth straight decline in deficit spending.
After that, Democrats in Congress took control of spending, and that includes Sen. Barack Obama, who voted for those budgets.
Obama was elected president in November 2008 and took office on January 20, 2009.
It is just pure coincidence that the economy tanked after the 2007 date.
Giving to charities instead of Powerball
I was amazed when I saw what the millions of people were spending on Powerball, which added up to $588 million.
I got to thinking, wouldn’t it be wonderful if we all did that for a month and instead helped all the charities and the poor people who have lost everything?
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