GOP Foreign Policy: Neoconservatives Looking For A Comeback In 2012

The day the democrats took over was actually January 3rd 2007 the day the Democrats took over the House and the Senate, at start of the 110th Congress.

At the time:

DOW Jones closed at 12,621.77

GDP for the previous quarter was 3.5%

Unemployme­nt rate was 4.6%

Bush's Economic policies

Set a record of 52 straight months of job creation!

See politifact check below:

According to the Bureau of Labor Statistics­, the economy added more jobs than it lost during 50 out of 52 months between September 2003 and December 2007. The economy lost jobs over two months during that stretch -- between June 2007 and July 2007 (20,000 jobs) and between July 2007 and August 2007 (71,000). We might add that over the course of Bush's presidency -- a total of 96 months -- the economy created 1.08 million jobs. That may sound like a lot, but compared to every other post-World War II president prior to Obama, it's the lowest average annual percentage increase in jobs created. (See our calculatio­ns here.)

That said, Obama's figures are worse than any of his postwar predecesso­rs'. The economy has shed between 2.4 million and 3.1 million jobs during the 18 months he's been in office, . In 2007, tax revenues represente­d 18.5 percent of GDP. That's high by historical standards but hardly a record. It only ties for 16th place going back to 1934, and within the 14-year stretch between 1996 and 2009 it only rises to 7th place.
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