President Bush and the Economy

Here's an excerpt from "Bush's Real Record On The Economy" by Investor's Business Daily. "Since 2002: Real gross domestic product has soared $1.64 trillion, or 16.5%, during a five-year stretch that has yet to see a downturn and that has witnessed average annual growth of 3%; Disposable personal income — what's left after taxes — has jumped $2.16 trillion, or 29%, to $9.68 trillion; Productivity, the fuel for future standards of living, has improved 14.3%; Overall employee compensation has expanded 4% a year; Net wealth, the amount people would have after paying off their debts, has swelled $15.2 trillion, or 38%, to $55.6 trillion. That gain in just five years is more than the total wealth amassed in the first 210 years of America's existence — an unprecedented surge; About 69% of Americans now own their homes, an all-time high;The jobless rate, now at 4.4%, remains below its 40-year average. Since August 2003, 7.8 million new jobs have been created;Tax receipts have surged 43%, or $757.6 billion, again thanks to economic growth. George W. Bush's economic miracle is both real and sustainable. Too bad he won't get credit for it until the current generation of biased journalists and academics has retired."