The Economic Legacy of the Four-Year Democratic Congress
by Yossi Gestetner @ American Thinker
From early 2007 through the end of 2010, the Democrats had strong Majorities in — and control of — the US House of Representatives and also the U.S. Senate. Both are chambers where laws and policies that affect the economy are created and shaped.
The following table shows how the Democrat Congress performed on average during its four year tenure, vs. the average of the previous four years, 2003 through the end of 2006, when Republican were at the helm:
Jobs by Year – Average
Jobs by Month – Average
Unemployment Rate – Average
Budget Deficits – Average
D: $1.143 Trillion
R: $285 Billion
D: 0.13% (0.53 Total)
S & P 500
FDIC Bank Closures – Average
Personally, I believe quite a bit of the variation in our economy occurs beyond the control of even the Congress. Still, this certainly explains why more than half the country currently believes we are worse off now than we were a few years ago.