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Bush 1st 3 years is 1.9% annual growth average per year -lowest since IKE!

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-09-04 10:29 AM
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Bush 1st 3 years is 1.9% annual growth average per year -lowest since IKE!
Edited on Mon Feb-09-04 10:58 AM by papau
Even with * revised GDP numbers, 1st 3 years is 1.9% annual growth!
http://www.bea.doc.gov/bea/dn/home/gdp.htm

As most folks know, Bush has been busy making history more accurate by revising the GDP numbers posted over the years.

I thought it might be fun to see what the results were at this point based on 12/31 to 12/31 compounded rates of growth after inflation is removed by using constant year 2000 dollars - as shown at BEA,DOC.GOV.com)

So for 3 years Bush has (10397.2/0817) 1.9%

and Clinton's 8 years (9817/7336.6) 3.7%

and Reagan/Bush 12 years (7336.6/5161.7) 2.9% (yea tax cuts)

with Bush 4 yrs (7336.6/6742.7) 2.1%
and Reagan 8 y (6742.7/5161.7) 3.3963% (up from 3.33 before Bush chgs)

and Carter 4 yr (5167.7/4540.9) 3.2854%

and Nixon/Ford 8 yrs (4540.9/3652.7) 2.7581%

and JFK/Johnson 8 yrs (3652.7/2501.8) 4.84%

Wonder if the financial media will notice?

:-)

BELOW FROM THE BEA: first number is in current dollar - second number for each year is the GDP restated into inflation removed constant year 2000 dollars

1960
526.4
2,501.8

1961
544.7
2,560.0

1962
585.6
2,715.2

1963
617.7
2,834.0

1964
663.6
2,998.6

1965
719.1
3,191.1

1966
787.8
3,399.1

1967
832.6
3,484.6

1968
910.0
3,652.7

1969
984.6
3,765.4

1970
1,038.5
3,771.9

1971
1,127.1
3,898.6

1972
1,238.3
4,105.0

1973
1,382.7
4,341.5

1974
1,500.0
4,319.6

1975
1,638.3
4,311.2

1976
1,825.3
4,540.9

1977
2,030.9
4,750.5

1978
2,294.7
5,015.0

1979
2,563.3
5,173.4

1980
2,789.5
5,161.7

1981
3,128.4
5,291.7

1982
3,255.0
5,189.3

1983
3,536.7
5,423.8

1984
3,933.2
5,813.6

1985
4,220.3
6,053.7

1986
4,462.8
6,263.6

1987
4,739.5
6,475.1

1988
5,103.8
6,742.7

1989
5,484.4
6,981.4

1990
5,803.1
7,112.5

1991
5,995.9
7,100.5

1992
6,337.7
7,336.6

1993
6,657.4
7,532.7

1994
7,072.2
7,835.5

1995
7,397.7
8,031.7

1996
7,816.9
8,328.9

1997
8,304.3
8,703.5

1998
8,747.0
9,066.9

1999
9,268.4
9,470.3

2000
9,817.0
9,817.0

2001
10,100.8
9,866.6

2002
10,480.8
10,083.0

2003
10,983.9
10,397.2



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