A friend passed along this thought:
George Bush has been in office for just under eight years. For the first of them the economy was pretty good. For example, a little over one year ago:
- Consumer confidence stood at a 2 1/2 year high
- Regular gasoline sold for $2.19 a gallon
- The unemployment rate was 4.5%
- The DOW hit a record 14,000+
- Americans were buying new cars, taking cruises, overseas vacations overseas, etc.
But we wanted change. So, in 2006 we voted in a Democratic Congress. Since then:
- Consumer confidence has plummeted
- Gasoline rose to over $4 a gallon
- Unemployment rose to 6.1% (a 10% increase)
- Americans have seen their home equity drop by $12 trillion dollars and prices are still dropping
- 1% of American homes are in foreclosure
- The DOW is below 8500. $2.5 trillion dollasrs has evaporated from stocks, bonds, mutual funds and other investment portfolios
The president has no control over any of this. Only Congress could have done anything to prevent it but Congress has been preoccupied with trying to find Bush administration officials that they can put in jail.
In 2006 America voted for change and we got it.
Now Barack Obama promises that he is going to deliver real change.
Just how much more change can we stand?
RLC
