What was the unemployment rates during Clinton years vs. Unemployment rate during Bush years. Hmmm...?

Question

Anyone interested in the TRUTH?

Something you will never hear from the mainstream news...

The average unemployment rate during the Bush years is running lower than during the Clinton years.

June 7, 1996-- Here is how the mainstream news (Dan Rather) reported that the unemployment rate jumped up to 5.6%:

“The government came out today with its latest report on unemployment. It says the unemployment rate rose slightly, 2/10ths of a point last month, up to 5.6 percent – still low overall. And the numbers, pure and simple, can be misleading. Economics correspondent Ray Brady tonight has the story behind them.”

January 4, 2007-- And, here is how the AP reported on the current unemployment rate of 5.0% today:

Hiring practically stalled in December, driving the nation's unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.

Employers last month added the fewest new jobs to their payrolls in more than four years, according to the employment report released Friday by the Labor Department. The report showed that employment conditions are deteriorating, strained by a housing slump and credit crunch that are sapping economic strength.

"The economy is getting hit by some body blows. The big question is whether the economy can withstand it or will it take a fall," said Ken Mayland, president of ClearView Economics.

UPDATE: Here's CNN's headline today:

"Jobs weak, unemployment soars"

Since when is a 5% unemplyment rate described as soaring?

http://gatewaypundit.blogspot.com/2008/01/bush-unemployment-at-50-bad-clinton.html

Answer 1

here's the facts about Bush, but you just keep living with your head in the sand and see if that helps.

highest inflation in 17 years

college tuition has doubled

health care costs have doubled

food costs raising faster than ever

record deficits

doubling of national debt

value of the dollar has taken a beating

record home foreclosures

record bankruptcies

average American debt is at an all time high

average American savings is at an all time low....

since you seem to like facts.   Here are a few more:

Economy: the Strongest Economy in a Generation

Longest Economic Expansion in U.S. History. In February 2000, the United States entered the 107th consecutive month of economic expansion -- the longest economic expansion in history. [National Bureau of Economic Research and Council of Economic Advisors]

Moving From Record Deficits to Record Surplus. In 1992, the Federal budget deficit was $290 billion - the largest dollar deficit in American history. In January 1993, the Congressional Budget Office projected that the deficit would grow to $455 billion by 2000. The Office of Management and Budget is now projecting a surplus of at least $230 billion for 2000 - the third consecutive surplus and the largest surplus ever, even after adjusting for inflation. Compared with original projections, that is over $685 billion less in government drain on the economy and over $685 billion more potentially available for private investment in this one year alone. The 2000 surplus is projected to be 2.4 percent of GDP -- the largest surplus as a share of GDP since 1948. This is the first time we have had three surpluses in a row in more than a half century, and it is the second consecutive surplus excluding Social Security. [Office of Management! and Budget; National Economic Council, 9/27/00]

Paying Off the National Debt. In July 2000, the Treasury Department announced that the United States will pay off $221 billion of debt this year -- the largest one-year debt pay down in American history. This will be the third consecutive year of debt reduction, bringing the three-year total to $360 billion. Public debt is on track to be $2.4 trillion lower in 2000 than was projected in 1993. Debt reduction brings real benefits for the American people -- a family with a home mortgage of $100,000 might expect to save roughly $2,000 per year in mortgage payments. Reduced debt also means lower interest rates and reduced payments on car loans and student loans. With the President's plan, we are now on track to eliminate the nation's publicly held debt by at least 2012. [Treasury Department, Office of Economic Policy, From Widening Deficits to Paying Down the Debt: Benefits for the American People, 8/4/99]

More Than 22 Million New Jobs. 22.2 million new jobs have been created since 1993, the most jobs ever created under a single Administration -- and more new jobs than Presidents Reagan and Bush created during their three terms. 92 percent (20 million) of the new jobs have been created in the private sector, the highest percentage in 50 years. Under President Clinton and Vice President Gore, the economy has added an average of 248,000 jobs per month, the highest under any President. This compares to 52,000 per month under President Bush and 167,000 per month under President Reagan. [Bureau of Labor Statistics]

Fastest and Longest Real Wage Growth in Over Three Decades. In the last 12 months, average hourly earnings have increased 3.8 percent -- faster than the rate of inflation. The United States has had five consecutive years of real wage growth -- the longest consecutive increase since the 1960s. Since 1993, real wages are up 6.5 percent, after declining 4.3 percent during the Reagan and Bush years. [National Economic Council, 6/00]

Household Income Breaks $40,000 for First Time in History. Income for median households rose $1,072, or 2.7 percent, from $39,744 in 1998 to $40,816, marking an unprecedented fifth year of significant growth in income. In 1999, the median income of African American households increased from $25,911 in 1998 to $27,910 -- an increase of $1,999, or 7.7 percent, which is the largest one-year increase ever recorded. The income of the median Hispanic household, adjusted for inflation, increased from $28,956 in 1998 to $30,735 in 1999 -- an increase of $1,779, or 6.1 percent, which is the largest one-year increase ever recorded. [Census Bureau, Money Income in the United States: 1999, 9/26/00]

Unemployment is the Lowest in Over Three Decades. Unemployment is down from 7.5 percent in 1992 to 3.9 percent in September, the lowest in more than three decades. The unemployment rate has fallen for seven years in a row, and has remained below 5 percent for 37 months in a row -- over three full years. Unemployment for African-Americans fell to the lowest level ever recorded, and for Hispanics it remains at historic lows. [Bureau of Labor Statistics]

Highest Homeownership Rate in History. The homeownership rate reached 67.2 percent in the second quarter of 2000 -- the highest ever recorded. Minority homeownership rates were also the highest ever recorded. In contrast, the homeownership rate fell from 65.6 percent in the first quarter of 1981 to 63.7 percent in the first quarter of 1993. There are almost 9 million more homeowners than in 1993. [Bureau of the Census, 7/26/00]

Lowest Poverty Rate Since 1979. In 1999, the poverty rate dropped from 12.7 percent to 11.8 percent, the lowest rate in two decades. Since President Clinton and Vice President Gore passed their Economic Plan in 1993, the poverty rate has declined from 15.1 percent in 1993 to 11.8 percent in 1999 - the largest six-year drop in poverty in nearly 30 years (1964-1970). There are now 7 million fewer people in poverty than in 1993, and over 2.2 million, or over 30 percent, of this decline occurred during the past year. [Census Bureau, Poverty in the United States: 1999, 9/26/00]

Largest One-Year Drop in Child Poverty in More than Three Decades. Under President Clinton and Vice President Gore child poverty has dropped by 25.6 percent -- from 22.7 percent in 1993 to 16.9 percent in 1999. While this is still too high, it is the lowest child poverty rate since 1979 and includes the largest one-year decline since 1966, which occurred from 1998 to 1999. The African American child poverty rate has fallen 28.2 percent since 1993, and dropped from 36.7 percent in 1998 to 33.1 percent in 1999 -- the largest one-year drop in history and the lowest level on record (data collected since 1959). The Hispanic child poverty rate has fallen by 26 percent since 1993, and dropped from 25.6 percent in 1998 to 22.8 percent in 1999 -- the lowest level since 1979. [Census Bureau, Poverty in the United States: 1999, 9/26/00]

Families and Communities: Strengthening America's Working Families

Tax Cuts for Working Families. 15 million additional working families received additional tax relief because of the President's expansion of the Earned Income Tax Credit. In 1999, the EITC lifted 4.1 million people out of poverty - nearly double the number lifted out of poverty by the EITC in 1993. This year, the President proposed expanding the EITC to provide tax relief to an additional 6.8 million hard-pressed working families. [Good News for Low Income Families: Expansions in the EITC and Minimum Wage, CEA, 12/98; Census Bureau]

Helping Parents Balance Work and Family. The Family and Medical Leave Act allows workers to take up to 12 weeks of unpaid leave to care for seriously ill family members, new born or adoptive children, or their own serious health problems without fear of losing their jobs. Nearly 91 million workers (71% of the labor force) are covered by the Family and Medical Leave Act and millions of workers have benefited from FMLA since its enactment. President Clinton has proposed expanding FMLA to allow workers to take up to 24 unpaid hours off each year for school and early childhood education activities, routine family medical care, and caring for an elderly relative. [Five Years of Success: Report on FMLA, Department of Labor, 8/98 (updated number provided 7/99)]

Improved Access to Affordable, Quality Child Care and Early Childhood Programs. Under the Clinton-Gore Administration, federal funding for child care has more than doubled, helping parents pay for the care of about 1.5 million children in 1998, and the1996 welfare reform law increased child care funding by $4 billion over six years to provide child care assistance to families moving from welfare to work. Since 1993, the Clinton-Gore Administration has increased funding for the Head Start program by 90 percent, and in FY 2000, the program will serve approximately 880,000 children - over 160,000 more children than in 1993.

Increased the Minimum Wage. The minimum wage has risen from $4.25 to $5.15 per hour, increasing wages for 10 million workers. The President and Vice President have called for an additional increase to $6.15 over two years. [Good News for Low Income Families: Expansions in the EITC and Minimum Wage, CEA, 12/98]

Enacted the Workforce Investment Act. The Workforce Investment Act reformed the nation's employment and training system so that it works better for today's workers. The WIA empowered individuals by giving adults more control and choice over their training or retraining and providing universal access to core labor market services; streamlined job training services by consolidating a tangle of individual programs into a simple system and creating a nationwide network of One-Stop Career Centers; enhanced accountability through tough performance standards for states, localities, and training providers; and increased flexibility so that states can innovate and experiment with new ways to train America's workers better. All 50 states are now up and running and the number of One-Stops has reached 1,200 nationwide. [P

Answer 2

Clinton and Bush are not running for office!

McCain/Palin 2008

Answer 3

Actually, according to the Bureau of Labor Statistics, unemployment is up to 5.7%.  And, the number of people who are part time but wanting to work full time rose by 308,000 to 5.7 million and has risen by 1.4 million over the past 12 months. Over the past 12 months, the number of unemployed persons has increased by 1.6 million.

http://www.bls.gov/news.release/empsit.n...

The August numbers will come out September 5th.  And the unemployment numbers are expected to go up.

BTW, many states like Michigan, Ohio, Pennsylvania have far higher unemployment rates.  Michigan is expected to be in the double digits.  In July, Michigan continued to post the highest jobless rate, 8.5 percent.  Six additional states recorded rates of 7.0 percent or higher:  Mississippi (7.9 percent), Rhode Island (7.7 percent),

California and Illinois (7.3 percent each), Ohio (7.2 percent), and South Carolina (7.0 percent). It all depends where you live.

Obama/Biden '08

Answer 4

Since CLINTON dropped it STEADY from Bush Sr's spiking over 6 PERCENT to the frickin 3's by the time he left office. Then GWB spiked it right back up again to almost 6 today you frickin Repuke r****d!