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Graph of the day
Posted Oct 23, 2009 10:09 AM
"By any measure, my administration has inherited a fiscal disaster." President Barack Obama
Inherited or created?
Source: Bureau of Labor Statistics. US Senate.
Hoven's Index for October 23, 2009
Selected statistics at the end of 2006 (last year Republicans controlled both houses of Congress):
Unemployment rate: 4.4%.
Previous year of GDP growth: +2.4%.
Previous year of job growth: +1.6%.
S&P 500: 1418.
Same statistics, most recently (after almost 3 years of Democrats controlling both houses of Congress):
Unemployment rate: 9.8%.
Previous year of GDP growth: -3.8%.
Previous year of job growth: -4.2%.
S&P 500: 1080.
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