29 October 2010

Business, Deficit Still Better Than Under Bush


1. What was the average monthly private sector job growth in 2008, the final year of the Bush presidency, and what has it been so far in 2010?

2. What was the Federal deficit for the last fiscal year of the Bush presidency, and what was it for the first full fiscal year of the Obama presidency?

3. What was the stock market at on the last day of the Bush presidency? What is it at today? . . .


1. In 2008, we lost an average of 317,250 private sector jobs per month. In 2010, we have gained an average of 95,888 private sector jobs per month. That's a difference of nearly five million jobs between Bush's last year in office and President Obama's second year.

2. In FY2009, which began on September 1, 2008 and represents the Bush Administration's final budget, the budget deficit was $1.416 trillion. In FY2010, the first budget of the Obama Administration, the budget deficit was $1.291 trillion, a decline of $125 billion. . . .

3. On Bush's final day in office, the Dow, NASDAQ, and S&P 500 closed at 7,949, 1,440, and 805, respectively. Today, as of 10:15AM Pacific, they are at 11,108, 2,512, and 1,183. That means since President Obama took office, the Dow, NASDAQ, and S&P 500 have increased 40%, 74%, and 47%, respectively.

From here.

1 comment:

Anonymous said...

Federal budgets are from october to october. The budget deficit you attribute to Bush, 2008, was from October of 2008 to October of 2009. Since Obama designated the TARP bailout funds, and expansion of federal payrolls, as well as the stimulus, this deficit should be attributed to Obama. Please be fair and use GWB time in office, with a republican congress, and compare it to Obama budgets with a democratic congress. If you can't do that, at least eliminate transition years and do a real comparison, 2000 Deficit and 2008 eliminate from the picture include 2001-2007, then compare 2009 to 2012. Scary isn't it!