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Social & Political

The First Four Bush Years: An economic perspective

<![CDATA[Jan. 22, 2001. Bush inaugurated; Dow at 10,578.34; Nasdaq at 2757.91; Euro at 0.9374 to the dollar; U.S. government owes $5.728 trillion in national debt; U.S. consumer debt at $1.842 trillion. Jan. 19, 2005. Last day of George W. Bush’s first term in office; Dow at 10,471.47 (down 1.01 percent); Nasdaq at 2073.59 (down 24.81 […]

<![CDATA[Jan. 22, 2001. Bush inaugurated; Dow at 10,578.34; Nasdaq at 2757.91; Euro at 0.9374 to the dollar; U.S. government owes $5.728 trillion in national debt; U.S. consumer debt at $1.842 trillion.
Jan. 19, 2005. Last day of George W. Bush’s first term in office; Dow at 10,471.47 (down 1.01 percent); Nasdaq at 2073.59 (down 24.81 percent); Euro at 1.3036 to the dollar (down 39 percent); U.S. government owes $7.613 trillion in national debt (up 32.91 percent); U.S. consumer debt at $2.085 trillion (up 13.19 percent).

In short, we’re sitting at the end of four years of negative economic indicators, despite having taken on trillions in new debt and having locked in trillions more in debt with future tax cuts.
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