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GDP Watch: Perspective
The growth of the Gross Domestic Product is slowing down, and that's bumming the market out. But if you put it into perspective, the economy is actually peforming better than it did when President Clinton handed it over to President Bush. According to the Bureau of Economic Advisors, these are how the numbers compare between the two administrations: (Note: The BEA posts them online under a weird .BEA file that may not work with every browser.) The last four quarterly GDP numbers under the Clinton Administration: Q1 2000: 1 percent The last four quarterly GDP numbers under the current Bush Administration: Q1 2003: 2 percent So, comparatively speaking, the economy is showing more strength than it did during President Clinton's last year. If that's the result of tax cuts, as opposed to tax increases, it may be hard to fight the president's tax policy for the time being. By Ed Moltzen · 30 January 2004
Comments
the economy is doing exactly what economists told us it would after we learned about the Q3 number. we were told the economy would grow at a strong 4 percent rate the next few quarters... I knew that liberals would look at the 4% and cry foul... so typical.. Posted by: Matt M. at February 1, 2004 12:05 PMPost a comment
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