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Monday, October 29, 2012

All the "spin" going on, it is very difficult to really know what is going on.  The economy is improving, it is not just the reports that come out, but look around. Building that was sitting for 4 years is now booming, new construction has picked up up considerably, interest rates are low so people are able to refinance and get their housing expenses (the largest expense most of the middle class/average folks have. Restaurants now have lines again, Walmart's parking lot is now full on the weekends, and car sales are up. All signs in the real world (the not the world of spin doctors & media moguls) that things are better. They keep trying to tell us, you aren't doing better, you aren't feeling good.

Who are the spenders, who is showing real leadership:
1980 Reagan Deficit $906 Billion  1988 Reagan Deficit $2,602 Trillion an increase of 186.6%
1992 Clinton Deficit $4,411 Trillion 2000 Clinton Deficit $5,807 Tillion an increase of 24%
2000 Bush II Deficit $5,807 Trillion 2008 $11,909 Trillion a increase of 105.1%
2008 Obama Deficit $11,909 Trillion 2012 $16,015 Trillion an increas of 34.5%

It is clear who the spenders are, who continues to explode the Deficit.
Romney record: Massachusetts Romney Governor July 2002-July 2006 * Labor Force down 23,916, *, 222,000 left for other states-Is part of the state’s decreasing unemployment rate from 5.6 to 4.4% (National unemployment 4.7% not really hard to get to 4.4%) Gross public debt 2002: 65.3 bil Gross public debt 2007: 89.3 bil Increase of 37% * 2007: left office with $10,504 in per capita in bond debt, the highest of any state.

Lets try Reality compare facts:
1981: Reagan Over 8 yrs: %Housing/Income: Avg 50% Avg Med Inc: $21,599 Hi %rate 17.6%/2.2 pts Low 9.32%/2.1pts Med Home 1988 $121,000
1993: Clinton Over 8 yrs: %Housing/Income: Avg 37% (dwn 13%) Avg Med Inc: $35,589 (up 64.7%) Hi 9.2%/1.8pts Low 6.71%/.09pts Med Home 2000 $162,000 (up 34%)
2001 Bush II Over 8 yrs: %Housing/Income: Avg 37% (0% Avg Med Inc: $45,043 (up 26.5%) Hi 7.16%/1pt Low: 5.23%/.6pt Med Home 2008 $229,600 (up 42%) 2006 Peak $244,700 (up 51%)
2009: Obama Over 4 yrs: %Housing/Income: Avg 28% (dwn 9% Avg Med Inc: $$48,842 (up 8.4%) Hi 5.42%/.7pts Low 3.38%/.7pts Med Home $187,300 dwn (18.4%)
From 2001 Avg Med Income +8.4%, Cost of housing -9%, % rate -3.78 Net benefit of 21.18%
(we are better off than in 2001)
ARE WE BETTER OFF?
(2012 Highest % of Jobs creation in recent history)



Year
Labor
Force
Mil.
Employ-ed
Mil.
% of Employ-ed
Un-employ
%
% Chg Labor Force
%
 (-/+)
Median Housing Prices
Median House- hold Income
Yrly % of HH income/ Housing
Mtg
Rates Yrly Hi
House Costs Mo.
% HH Income/ Housing Costs*
Deficit in Trillon
Increase in Debt


President
1980
106,940
99,303
92.9%
7.1%
4.3%
-27.6%
$67,000
$16,523
24.7%
13.7%
$780
56.6%
$997


1984
113,544
105,005
92.5%
7.5%
6.2%
44.5%
$78,300
$20,935
26.7%
12.5%
$837
48.0%



1988
121,669
114,968
94.5%
5.5%
7.2%
15.9%
$121,000
$25,664
21.2%
9.3%
$1,001
46.8%
$2,857
186.6%
Reagan
1992
128,105
118,492
92.5%
7.5%
5.3%
-26.1%
$126,000
$29,448
23.4%
8.3%
$947
38.6%
$4,411


1996
133,943
126,708
94.6%
5.4%
4.6%
-13.8%
$144,900
$34,652
23.9%
7.9%
$1,050
36.4%



2000
142,583
136,891
96.0%
4.0%
6.5%
41.5%
$162,000
$41,186
25.4%
8.1%
$1,199
34.9%
$5,807
24.0%
Clinton
2004
147,401
139,252
94.5%
5.5%
3.4%
-47.6%
$229,600
$44,334
19.3%
6.0%
$1,371
37.1%
Bush
Tax Cut
‘01 & ’03
2006
151,428
144,427
95.4%
4.6%
2.7%
-19.2%
$244,700
$47,262
19.3%
6.3%
$1,513
38.4%



2008
154,287
145,362
94.2%
5.8%
1.9%
-30.9%
$229,600
$49,431
21.5%
6.5%
$1,445
35.1%
$11,909
105.1%
Bush II
2009
154,142
139,877
90.7%
5.8%
-0.1%
-105.0%
$221,900
$48,855
22.0%
6.5%
$1,445
35.5%



2010
153,889
139,064
90.4%
9.6%
-0.3%
-113.7%
$241,200
$48,340
20.0%
5.1%
$1,302
32.3%



2011
154,617
139,869
90.5%
8.9%
0.5%
160.0%
$212,300
$49,103
23.1%
3.8%
$982
24.0%



2012
154,873
141,956
91.7%
8.4%
0.2%
143.3%
$187,300
$49,070
26.2%
3.2%
$809
19.8%
$16,015
34.5%
Obama
Massachusetts Romney Governor July 2002-July 2006 * Labor Force down 23,916, *, 222,000 left for other states-Is part of the state’s decreasing unemployment rate from 5.6 to 4.4% (National unemployment 4.7% not really hard to get to 4.4%) Gross public debt 2002: 65.3 bil Gross public debt 2007: 89.3 bil Increase of 37% * 2007: left office with $10,504 in per capita in bond debt, the highest of any state.
                                                                                                                                                                                                                             

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