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Bush Legacy of Deficits and Debt

December 8, 2008
Blog Post
Majority Leader Hoyer's office released a report today on the legacy of deficits and debt by President Bush and Republicans saying:

Over the last eight years, President Bush and Republicans have built a record of failed fiscal policies that are contributing to the devastating economic crisis facing our nation and will make the road to economic recovery a slow and difficult process. In addition, President Bush's budgets have repeatedly cut funding for the programs that help Americans cope during an economic downturn while providing massive tax relief to big business and wealthy Americans.

The report shows key statistics contrasting the state of the economy when President Bush took office to now:

WHEN

BUSH TOOK OFFICE

TODAY

– IN THE RED

5.7

million unemployed

10.3

million unemployed

INCOME

$50,566

$50,233

INSURANCE

38

million uninsured

47

million uninsured

31.6

million

37.3

million

CREATED

22.7

million over Clinton’s 8 years

5

million over 8 years

GDP GROWTH

3.6%

over Clinton’s 8 years

2.2%

over 8 years

DEBT

$5.8

Trillion

$10.6

Trillion

UNEMPLOYMENT
HOUSEHOLD
HEALTH
POVERTY
JOBS
REAL
NATIONAL

Read the report>>