1. When President Carter left office in 1980, the unemployment rate was 7.5%. When George W. Bush left office that number was 7.8%. 2. During his term in office, Carter averaged an annual job growth increase of 3.05%. George W. Bush’s two terms averaged a 0% growth rate for his first term, and just .21% in his second. Barack Obama, for reference, even as he fought through The Great Recession started under Bush actually beat that number just barely, with .23%. Ronald Reagan, by the way, the man who supposedly fixed what Carter broke? His two terms only averaged 1.43 and 2.69% respectively. 3. President Carter’s administration oversaw an average annual increase in our GDP of about 3.2%. Dubya’s GDP growth averaged just 1.6%. Reagan took two full terms to only better Carter’s performance by .3%. 4. President Carter oversaw a reduction in the national debt as a percentage of GDP of 3.3%. Under George W. Bush’s War Machine-A-Go-Go, the debt as a share of GDP increased by 7.1% in his first term, and 20.7% in his second term.
Posted on: Wed, 14 May 2014 03:39:59 +0000
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