It's The Economy, Stupid: What Bush Has Done For America
While Bush has been President:
- Unemployment has risen from 3.9% to 6.0%;
- 42 States will or expect to make Medicaid Cuts;
- 41.2 Million People in America Have NO Health Insurance;
- Number of Americans living in Poverty rises for first time in eight years;
- Overall economic growth at 1 percent, the lowest for any administration in 50 years;
- The value of Americans' stock holdings down $4.5 trillion and a 30 percent drop in the value of IRAs and 401(k) plans;
- A projected budget surplus of $5.6 trillion converted into a deficit of $400 billion;
- Bush Budget Will Spend the Entire Social Security Trust Fund Over Next Two Years;
- "Consumer Comfort" has dropped from +20 to -20 in one year;
- 49% of Americans Are "Dissatisfied With The Way Things Are Going in the United States at this time," up from 29%;
- Bush Budget Posted First Deficit Since 1997, Predicted Deficits Until 2005;
- 98% of Pension Funds expected to be Under-Funded;
- "Consumer Confidence" continues to drop;
- U.S. debt will have "Major International Consequences."
Sources for these numbers are available at BuzzFlash.com.
Thursday, December 05, 2002
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