U.S. GDP Growth
Well, looks like Bushie has led us into a recession. That is pretty tough to do - just doing nothing usually will result in 1-2 percent growth.
By comparison, let's look at the real growth of GDP under Clinton and Bush. This is the best measure of the growth of the U.S. economy.
The actual figures are available at the U.S. Bureau of Economic Analysis. Here are the GDP figures in current dollars:
End of 1992 - $6.5 trillion
End of 2000 - $10.0 trillion
End of 2007 - $14.1 trillion
So under Clinton, GDP grew by $3.5 trillion and under Bush in 6 years it has grown by $4.1 trillion.
However, the percentage growth shows that GDP growth was much faster under Clinton. The economy grew by 53.8 percent [(10.0-6.5)/6.5] under Clinton versus 41 percent [(14.1-10/0)/10.0] under Bush.
We will have to see what the final numbers are, but the rate of economic growth is slowing quite rapidly.
Republicans love to tout Bush's fiscal performance and say that Bush was able to keep economic growth going. It is a joke. Under Carter, the economy grew and he did it without exploding the debt. The four years under Carter saw GDP grow from $1.885 trillion to $2.917 trillion. So we saw GDP grow by $1 trillion and 54.7 percent.