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Thursday, December 29, 2005

Growth Over Past 5 Years Is Amazing!!!

You may hate him on the war and you may think he should veto some spending bills (I sure do) and he is way too soft on illegal immigration (both stopping it and getting rid of them) but you cannot argue about his stewardship of the economy (especially considering the ignorance of his adversaries).

Thanks to Econopundit (see the site on the right) for this recap of average annual productivity growth over 5 year periods since 1955 as provided by another favorite economist, Arnold Kling:

1955-1960---2.03
1960-1965---2.79
1965-1970---2.09
1970-1975---2.31
1975-1980---1.55
1980-1985---1.38
1985-1990---1.65
1990-1995---1.59
1995-2000---2.28
2000-2005---3.39

Notice the past 5 years? That was not blind luck either. Let's give Clinton some props for the first year's contribution.

5 Comments:

At 4:55 PM, Anonymous Anonymous said...

Increased spending and tax cuts.

How could it not grow?

Soon, however, the entire federal budget will be devoted to debt service with a tad going to defense and the prescription drug giveaway by both parties.

This blog is an apologist for Bush and the status quo.

Change the blog's mission statement, kid!

 
At 5:13 PM, Blogger Neal Phenes said...

Maybe you should read the opening para once more. The failure to veto Congress' spending spree is abominable. But it is Congress' spree if you know civics or the commentary of this blog.

 
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