politics… but I promise I’ll be brief

Just came across some interesting numbers from Russ Daggatt, who apparently doesn’t blog, just sends interesting emails off to interesting people.   In this case I’m taking them from a recent blogpost by David Brin (scroll down in the post a bit to get there).  At any rate, here are the stats that I thought would be worth passing along:

here is an update in our comparison of eight years under Clinton versus nearly eight years under Bush:

Job growth under Clinton : 22.7 million jobs – 237,000 per month.
Job growth under Bush: 5.8 million jobs – 72,000 per month (and going DOWN).

There has been a net loss of jobs every month so far in 2008. Bush will have the distinction as the first president since World War II to preside over an economy in which federal government employment rose more rapidly than employment in the private sector (civilian federal government employment went DOWN substantially under Clinton).

The earnings of the average American family (or “real median household income” in economic parlance) peaked in 1999 at $49,222 and has fallen since. This is the first economic expansion in this country’s history when household income failed to set a new record. It will certainly decline further this year.

And how did investors do under Clinton vs. Bush? The Dow Jones Industrial Average went up from 3253 to 10,587 under Clinton (325%). It has gone up to 11,503 under Bush (8.7%). The S&P 500 went up from 447 to 1342 under Clinton (300%). It has gone DOWN to 1279 under Bush ( 4.7%). The NASDAQ went up from 700 to 2770 under Clinton (395%). It has gone DOWN to 2347 under Bush (-15.3%)

When Bush took office oil was $31/barrel. Now it is roughly $125/barrel. (That’s what happens when you put oil men in the White House.)

When Bush took office it took 93 cents to buy a Euro. Now it takes $1.56 to buy a Euro.

When Bush took office gold was around $250 an ounce. Now it is $915 an ounce.

I could go on, but you get the idea. The US economy did MUCH better under the fiscally-responsible “high tax” policies of Clinton than under the irresponsible “borrow and squander” policies of Bush.

Read the post linked to above if you want some more in-depth analysis of both McCain’s and Obama’s tax and healthcare plans and much food for thought.

And feel free to comment on the statistics too, because I’m sure someone out there has an opposing viewpoint :-)


UPDATE:  Russ Daggatt is finally doing a blog – http://daggatt.blogspot.com/  

Filled with all sort of good stuff, at least if your politics lean to the left… (like mine do).


6 thoughts on “politics… but I promise I’ll be brief

  1. well thing is, who’s gonna deny all this stuff is true? sad statistics for sure, but the people youve got to convince are the Republicans with voter registration cards. hmm, i wonder what the ratio is of liberals to conservatives in the entertainment business. and are there still people around who say they dont even care?!? those people are scarier than scary statistics imho!!

  2. Sorry about commenting in the wrong place. I follow you on twitter, and love your participation with TWIP. You commented on twitter: ” I’m really curious – for people following me, who’s voting for McCain/Palin? I won’t chastise you – just wonder what the percentage is”. I just don’t know how to let you know somewhere else.

    I am not the only person planning to vote for McCain/Palin. In fact somewhere around 49% to 51% plan to vote similarly to myself. From the comments you and people like Scott Bouren make it seems like you are insulated from conservatives and un-aware that a thinking, educated person could feel differently than you do.

    The fact that what I feel is important for government to do is different than your views does not make either of us right, or moronic.

    We see different priorities. I still like George Bush as president. I certainly don’t like everything about him (especially hate No Child Left Behind)

    You are an artist. I’m an artist (music teacher and photographer). Our working environs are filled with people who tend to be more liberal minded. My fellow teachers, even here in Utah, often don’t understand why I would vote republican. But I do. You should understand that while I love your professional work, it does not make you an expert on the right political ideal.

    As a last note I’ll mention that over the years I have voted for a number of democrats, when I thought they where the better candidate.

    Scott and his little website can throw all the mud and “facts” he wants, but that is no different than what conservatives often do to democrats. Either side blinded by their own wish for what is right can’t see the whole truth.

    Thanks for asking if there were any weirdos planning to vote for McCain/Palin. I proudly am going to do so.

    Tom Sparks

  3. Tom,

    I agree that the nation still is relatively split. But I’m hardly insulated from conservatives – grew up in the midwest and keep in touch with many friends&family who are still trying to figure out who to vote for.

    But I’ve also now spent a lot of time outside of the midwest and, more importantly, outside of the United States. And I’ve seen how far our country has fallen in the eyes of the world and that’s just sad. I know a lot of conservatives who take the attitude that they don’t care what the rest of our world thinks but if you truly believe, as I do, that America at it’s best can be a truly important force for leadership and for stability and generally a source of inspiration then to see that thrown away by bad policies and an insular mindset is incredibly frustrating.

    I am in complete agreement as well that politicians on both sides are guilty of mud-slinging. All you can do is discount the personal attacks and try to drill down to objective facts. Not always easy to do.

    Scott’s post on veteran issues isn’t just something he put up as talking points you know – Scott’s a Vietnam veteran himself. So if his passion for the issues sometimes includes a bit of emotion, understand where it’s coming from. But ultimately Scott is most concerned with looking at the facts too, and in this particular case he’s looking at something that affects him personally.

    Finally, putting aside all the rhetoric, I’m ultimately going to vote for the person who I believe will concentrate on the things that I feel are most important to me in moving this country forward. And that includes taking care of the citizens (a good universal healthcare system – I’ve seen that they CAN work) and a strong commitment to science/technology and to educating citizens so they can participate in the development of that Science/Tech. Bush was TERRIBLE for science and yes, No Child Left Behind was a disaster.

    And so McCain, who WILL have to work along republican party lines for more things than not, is just too likely to continue down a path that I disagree with.

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  5. We can argue about the merits of Clinton vs. Bush or dems vs repubs all day long, but showing these statistics without any sort of look at the environment at the time is just reckless.

    Consider that during Clinton’s time in office two MAJOR market shifting environment variables were at work. Preperations for Y2K and the .com boom. Both, regardless of politics drove the economy to new heights. It wouldn’t have mattered who was in office, the economy was bound to skyrocket. Seriously, I could have been the president and the economy would have gone through the roof. Also, as the .com bust occured and all of the funding for Y2k ended, companies went into huge budget reductions and freezes in an effort to make up for all of the money they spent on Y2K. Together these two factors, while not the only two factors, had a significant impact and ensured that the economy was bound to slow and even decrease.

    This has little to do with who was in the whitehouse.

    I think it’s fair to critisize Bush for the economy, war, and oil prices, but praising Clinton for the boom is silly.

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