Monday, November 03, 2008

On The Eve Of An Election

It's a simple question, America. Are you better off now than you were eight years ago?

If you are one of those still out there considering pulling the lever for the McCain-Palin ticket, or Republicans running for Congress, take a good hard look at their record. This is what 8 years of a republican presidency and 6 years of a republican controlled Congress have yielded.

On January 1, 2001 - The price of regular unleaded gasoline was $1.22/gallon.

Within the last 6 months we saw gas top $4.00 a gallon. How did that impact your or your family's budget? What about the cost to heat your home?

In 2000, the federal government had a budget surplus of $236,200,000,000.

As of September 9, 2008, the Congressional Budget Office estimated that the United States would run a deficit of $407,000,000,000. How do you think that will impact our ability to create jobs?

On January 1, 2001 - The US unemployment rate was 3.7%

In September 2008 it was 6.1% and is expected to increase to 6.3% when the Labor Department releases it's jobs report in 4 days. Meanwhile, layoffs are up significantly in all sectors of the economy and are expected to continue. Some economists feel that the unemployment rate will reach 8% by the end of the year. How safe is your job or that of someone you care about?

On December 31, 2000, the annual trade deficit was $436,103,000,000

As of December 31, 2007 it stood at $794,484,000,000. What more needs to be said about it?

Still not convinced? Here's some additional data to chew on:

• The U.S. housing foreclosure rate is the highest it's been in 50 years.

• On January 2, 2001 the Dow Jones average stood at 10,646. Today it stands at 9,319. Don't think this is meaningful? Research the last time a President left office with the Dow lower than when he started.

And if this doesn't convince you, ask yourself one final question: When was the last time you saw the United States government fork over $700,000,000,000 to bailout corporate America.

The correct answer is never.

Chew on that tomorrow, when you're waiting in line thinking about casting your vote for the Republican party.


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