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To: evets

FlashBack 2006: Are the Bush Tax Cuts Working?[1.4 million Jobs the Nine Months After August 2003]

http://www.freerepublic.com/focus/f-news/2364667/posts

GDP Growth [Charts at link]

After the recession in 2001 and the first round of tax cuts, economic growth speeded up and is expected to pickup even faster in 2004.

The real annual GDP growth rate increased from 0.3 percent in 2001 to 2.5 percent in 2002. In the third quarter of 2003, GDP grew at a 7.2 percent annual rate. Forecasters are expecting GDP to grow by 4.6 percent in 2004, the highest in 20 years.

2003 and 2004 economic growth levels surpassed Congressional Budget Office (CBO) estimates by 150 basis combined, resulting in $300 billion of additional growth, which is roughly $2,500 per household.


10 posted on 08/26/2010 2:00:11 PM PDT by Son House (Like Getting Liposuction, and Coming Out Fatter. Time to Convict Democrats of Economic Malpractice.)
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To: Son House

Next, to credit the regression of the GDP and irresponsible budgeting, Thanks Democrats;

110th United States Congress

http://www.freebase.com/view/en/110th_united_states_congress

between January 3, 2007, and January 3, 2009, during the last two years of the second term of President George W. Bush. The Democratic Party controlled a majority in both chambers

^
https://www.cia.gov/library/publications/the-world-factbook/geos/us.html

GDP - real growth rate:

2.8% (2006 est.)

2% (2007 est.)

1.1% (2008 est.)

-2.6% (2009 est.)


12 posted on 08/26/2010 2:03:09 PM PDT by Son House (Like Getting Liposuction, and Coming Out Fatter. Time to Convict Democrats of Economic Malpractice.)
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