With Fancy formatting:
http://duggmirror.com/politics/What_8_Years_of_Bush_and_Cheney_Have_Done_to_the_U_S_Economy/
Bushleague Management of Our Economy Then: 2001 Now: 2008
U.S. national debt $5.7 trillion $9.2 trillion*
* Of which China holds IOUs worth $390 billion
Real GDP growth over prior 8 years 4.09% 2.65%
U.S. trade deficit per year $380 billion $759 billion
Cost of imported consumer goods $1,147 billion $1,954 billion
Value of consumer goods imported from China $102.3 billion $322 billion
(in 2007 China became #1 source of U.S. imported consumer goods)
Cost of one euro $1.01 $1.45
Cost of one ounce of gold $319 $892
U.S. budget surplus/deficit +$236 billion -$354 billion
Getting by in America
Fair trade!Bush says: "In the long run, Americans can be confident about our economic growth."(State of the Union speech 2008)
The facts say: While the overall economy has grown, the wages of the average worker have not even kept up with inflation. Meanwhile, nearly five million more Americans have fallen into poverty since 2001.
Bushleague Management of Our Economy Then: 2001 Now: 2008
Corporate profits before tax $719.2 billion $1,769.5 billion
Corporate profits after tax* $503.8 billion $1,351.9 billion*
Pharmaceutical company profits (top 9) (top12)** $30 billion $80 billion
Cost of imported consumer goods $1,147 billion $1,954 billion
*Standard & Poor's 500 top corporations' profits more than doubled in the period 2001-2005 and reached 8.6% of Gross Domestic Product in 2006–the highest percentage of GDP on record.
**Drug-companies' profits continue to be around 18.5% of their sales income, versus 3.1%for other top-500 companies.
Bushleague Management of Our Economy Then: 2001 Now: 2008
Net worth of the wealthiest 1% $186 billion $816 billion
Number of billionaires 186 415
Their combined wealth $816 billion $3.5 trillion
Average salary of top 500 corp CEOs in 2007 $15.2 million
In 2006, buyout mogul Henry Kravis paid himself $51,400...an hour.
Bush tax cuts to the top 1% 2001-2007 $546 billion
Edited 1 time(s). Last edit at 04/18/2008 06:48PM by Mofo.