A guy at work sent me this e-mail:
This is for the believers. The un-believers won’t believe it anyway. TO ALL MY FRIENDS … LIBERAL OR CONSERVATIVE … FYI only. George Bush has been in office for 7 1/2 years. The first six, the economy was fine. A little over one year ago:
1) Consumer confidence stood at a 2 1/2 year high
2) Regular gasoline sold for $2.19 a gallon
3) The unemployment rate was 4.5%.
4) The Dow Jones hit a record high – 14,000
5) American’s were buying new cars, taking cruises, vacations overseas, living large!
But American’s wanted ‘CHANGE’! So, in 2006 they voted in a Democratic Congress and yes – we got ‘CHANGE’ all right. In the PAST YEAR:
1) Consumer confidence has plummeted
2) Gasoline is now over $4 a gallon & climbing!
3) Unemployment is up to 5.5% (a 10% increase)
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS and prices still dropping
5) 1% of American homes are in foreclosure
6) as I write, THE DOW is probing another low
$2.5 trillion dollars has evaporated from their stocks, bonds & mutual funds investment portfolios!
YES, IN 2006 AMERICA VOTED FOR CHANGE … AND WE SURE GOT IT! … REMEMBER THE PRESIDENT HAS NO CONTROL OVER ANY OF THESE ISSUES, ONLY CONGRESS. AND WHAT HAS CONGRESS DONE IN THE LAST TWO YEARS, TO CHANGE THINGS FOR THE BETTER? ABSOLUTELY NOTHING. NOW THE DEMOCRATIC CANDIDATE FOR PRESIDENT CLAIMS HE IS GOING TO REALLY GIVE US CHANGE ALONG WITH A DEMOCRATIC CONGRESS! JUST HOW MUCH MORE ‘CHANGE’ OF THIS NATURE DO YOU THINK YOU CAN STAND?
So, I countered with:
I can write the same thing ….
Under Clinton and his Democratic Congress …
1) The National Debt was reduced 0.6% at the end Clinton’s first term and 8.2% after his second. Our country was paying off its debt.
2) Clinton left office and handed George Bush a $559 billion budget surplus.
3) Clinton inherited a 7.3% unemployment rate from the first Bush. But, when he left office in January of 2001, he left the country with a 4.2% unemployment rate.
4) When Clinton left office in January of 2001, gas cost an average of $1.46/gal.
5) Under Clinton, the number of Americans covered by health insurance increased an average of 0.12% annually.
6) Median household income increased an average of 1.65% per year under Clinton.
Under Bush and his Republican Congress …
1) The National Debt increased 6.9% at the end of Bush’s first term and is estimated to have increased 3.9% at the end of his second.
2) Bush will leave office and hand Obama a $400 billion budget deficit.
3) Under Bush, the unemployment rate currently stands at 6.1%, close to where his father left it.
4) Today, gas costs an average of $3.64/gal.
5) Under Bush, the number of Americans covered by health insurance decreased an average of 0.55% annually.
6) Median household income decreased an average of 1.15% per year under Bush
BOO-YAH, MUTA F*CKA!
written by cybercjh
Well, with all of the economic horrificness happening lately, I put some thought into a list of companies that will either be gone by Christmas or shortly thereafter. I have no basis for these predictions nor do I claim to be an economist. These are just your run of the mill average Joe guesstimations.
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