Democrats on the Economy — Then and Now

Democrats on the Economy — Then and Now by American Elephant

April 14, 2008, 1:10 am
Filed under: Domestic Policy, News, Politics | Tags: Bill Clinton, Chuck Schumer, Debunking Liberal Lies, Democrat lies, Economy

Just another example of how completely full of “it” the Democrat party really is via David Freddoso:

Democrats on the Economy in 1996:

“Our economy is the healthiest it has been in three decades.”

~ Bill Clinton (State of the Union Address, January 23, 1996)

Democrats on the Economy in 2008:

“The bottom line is that this administration is the owner of the worst jobs record since Herbert Hoover.”

~ Senator Charles Schumer (Press Release, March 7, 2008)

The problem, as Freddoso points out, every single key labor market statistic is better now than they were prior to the 1996 election when Democrats were praising the economy as the best in 30 years:

Key Labor Market Statistics in 1996 and 2008
	March 1996	March 2008
1. U.S. Unemployment Rate	5.5%	5.1%
2. Number of Long-Term Unemployed	1.33 million	1.28 million
3. Average Weeks Unemployed	17.3 weeks	16.2 weeks
4. Median Weeks Unemployed	8.3 weeks	8.1 weeks
5. Not in Labor Force because discouraged over job prospects	451,000	401,000
6. Democrats calling for Extended Unemployment Benefits?	No	Yes
7. President’s Party Affiliation	Democrat	Republican

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