It’s the economy stupid
Economic Talking Points
The Democrats want to talk about John McCain being a Bush third term, especially regarding the economy.
So let’s talk. The following is a combination of thoughts from two very smart people who I am priviledged to have share their knowledge with me. I would ask that you share it with others.
How statistics can be used to tell another story.
Democrats are being allowed to distort economic history. Recently on “Meet the Press” Sen. Claire McCaskill (D-MO) said “It’s interesting, Carly [Fiorina] said “back in the boom years”, that’s when we had a Democrat president and a Democrat congress” Mrs. Fiorina let this side comment pass uncontested, too bad. The campaign should utilize favorable economic data and use it as key talking points. Just as soon as the McCain campaign can set the record straight on relative economic performance McCain will surge ahead.
From 2001-2006 with the GOP holding White House and Congress US GDP averaged 2.4% per year growth, enough to add over $3 trillion in annual economic productivity (now over $14 trillion, more than the combined GDPs of Japan, Germany, China, and the UK). By way of comparison, according to World Bank figures, the entire GDP of PR China is less than $3.3 trillion (repeatedly invoked by Dems as in “we’re borrowing x money from China to finance this war!” )
From 1995-2006 (GOP held 104th thru 109th Congresses) annual GDP growth averaged over 3% growth. The GOP inherited a 6.5% average unemployment rate for the previous two years of Clinton and Dem Congress “when we had a Democrat president and a Democrat congress” (1993-94), and left behind a 4.6% unemployment level in 2006; now last month’s numbers indicate a 5.5% unemployment rate with Dems in charge of Congress for more than a year. Prior to that the last time Dems had unfettered control Congress (1979-80) the unemployment rate averaged 6.45%
IN 2007 with Dems holding both houses of Congress economic growth averaged 2.2%, Q1 2008 data indicate the annualized rate so far this year has dropped precipitously to 1%.
Although President Bush is now being credited with our current circumstances, it might be good to note that he has been in office for seven plus years; it is only now that all our economic woes have surfaced… do you think possibly there might be something else involved?
In just one year. Remember the election in 2006?
Thought you might like to read the following:
A little over one year ago:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%.
Since voting in a Democratic Congress in 2006 we have seen:
1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3.50 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.
America voted for change in 2006, and we got it!
Remember it’s Congress that makes law not the President. He has to work with what’s handed to him.
A ‘liberal’ is a person who will give away everything he doesn’t own!
McCain Now is an authorized coalition member of Let’s Get This Right.


