Randall Hoven of The American Thinker has written a great piece about the collapse, not of the last eight years, but of the last two. The two that had the Dems in control of Congress. Very educational, although it’ll completely mystify the shrunken head-sized brains of the opposition:
In December 2006, after six years of Bush and the last month before the Democrats took over both houses of the national legislature, a snapshot of our economy looked like this.
- Unemployment stood at 4.4%.
- Real GDP growth over the previous four years (under a Republican President, House and Senate) averaged 3% per year.
- A gallon of regular gasoline cost $2.30.
- The S&P 500 stock index stood at 1418, or 84% above its post-911 low and more than 7% higher than when Bush took office.
- Every year of Bush’s Presidency, real (inflation-adjusted) disposable income per person went up. By the end of 2006, the average person was making 9% more in real terms than before Bush became President .
As Hoven writes in the piece, “Let’s vote for change. Let’s undo what we did in 2006.”