Thought #1
January 2009
8 Years of George
Bush. What Happened?
We have heard
a lot about the "8 years of George Bush" during 2008. Well, now that George's 8
years are about over, what really did happen while he was president?
It's important to note that these facts
aren't necessarily attributed to any particular President, they are just the
statistics that occurred during each President's term of office.
We will compare
statistics during George Bush's time in office with our last 5 presidents.
Jimmy Carter
1977 to 1981
Ronald Reagan
1981 to 1989
George Bush
Sr. 1989 to 1993
Bill Clinton
1993 to 2001
George Bush
2001 to 2009
Statistic #1
Average annual
Gross Domestic Product during each presidents term:
(http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=43&FirstYear=2007&LastYear=2008&Freq=Qtr)
Jimmy Carter
$2.4 Trillion
Ronald Reagan
$4.1 Trillion
George Bush
Sr. $5.9
Trillion
Bill Clinton
$8.1 Trillion
George Bush
$11.8 Trillion
Notice the
average annual growth during
George's presidency was larger than the GDP during Carter's presidency.
Statistic #2
Average Annual
Unemployment Rate during each presidents term:
(http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=43&FirstYear=2007&LastYear=2008&Freq=Qtr)
Jimmy Carter
6.54%
Ronald Reagan
7.54%
George Bush
Sr. 6.43%
Bill Clinton
5.20%
George Bush
5.24%
Statistic #3
Average Annual
Personal income during each presidents term:
(http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=43&FirstYear=2007&LastYear=2008&Freq=Qtr)
Jimmy Carter
$1.96 Trillion
Ronald Reagan
$ 3.38 Trillion
George Bush
Sr. $4.97
Trillion
Bill Clinton
$6.83 Trillion
George Bush
Jr. $9.92 Trillion
Statistic #4
Average Annual Public Debt during each presidents term:
(http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm)
Jimmy Carter
$.8 Trillion
Ronald Reagan
$.89 Trillion
George Bush
Sr. $3.5 Trillion
Bill Clinton-
$5.2 Trillion
George Bush
Jr. $7.7 Trillion
Statistic #5
Average Annual
Private Employment (in thousands of people)
( http://data.bls.gov/cgi-bin/surveymost?ce )
Jimmy Carter
71,591
Ronald Reagan
79,724
George Bush
Sr. 90,232
Bill Clinton- 101,715
George Bush
111,766
Note the 10 million new jobs during the last 8 years.
Of course the severe problems during the 4th quarter of 2008 will impact these
numbers in the coming years.
I hope you found this interesting. You can go to the included links to verify
the information or do additional research.
We will do it again next year.
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