Differences between Bush Presidency and Obama's fund raising...

healthmyths

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Sep 19, 2011
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President Obama has held 45 political fundraisers since beginning his second term --
nearly double the number that President George W. Bush held at this point in his presidency.
Obama outpaces Bush in second-term fundraising

Instead Obama is destroying the economy, killing Americans', opening immigration gates, Obama is going on fundraisers!

And of course during GWB's presidency he had these events occur.

1) Recession that started under Clinton ended 11/01.
Specifically, 50.8 million jobs were lost through the first six quarters of the ‘01 recession .
Heritage Employment Report: February Continues Winter Blues
The 2001 recession officially started 03/2001... BUT the steps leading up to it started under Clinton!

DID THIS HAPPEN??
1) Dot.com bust cost $5 trillion in lost market value..
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies.
More than half of the Internet companies created since 1995 were gone by 2004 -
and hundreds of thousands of skilled technology workers were out of jobs.
The dot-com bubble: How to lose $5 trillion ? Anderson Cooper 360 - CNN.com Blogs

DID THIS HAPPEN??
2) Hard to believe but people forget that 9/11 occurred!
It cost $2 trillion in lost businesses,market values assets.

Jobs lost in New York owing to the attacks: 146,100 JUST in New York!!
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001,
our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time.
In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone.

Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
The Top 10 Financial Events of the Decade

3) $1 trillion in written off losses due to the WORST Hurricane SEASONS in history!
The worst Katrina,made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages.
Hurricane Katrina ALONE! Year 2005: Hurricanes Katrina and Rita
On August 25, 2005, Hurricane Katrina hit the Gulf Coast of the U.S. as a strong Category 3 or low Category 4 storm. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.
Hurricane Rita quickly followed Katrina only to make matters worse. Between the two, more than $200 billion in damage was done. 400,000 jobs were lost and 275,000 homes were destroyed.
Many of the jobs and homes were never to be recovered. Hundreds of thousands of people were displaced and over 1,000 were killed and more are missing. The effect on oil and gasoline prices was long-lasting.

400,000 jobs due to Hurricanes Katrina/Rita
2,800,000 jobs in alone due to 9/11
300,000 jobs lost due to dot.com busts.

Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.

Bush growth of the GDP was greater then Clinton in 2005 GDP grew at 6.5% Clinton's best:6.4%
Measuring Worth - GDP result.
 
One thing for sure... GWB was NOT on the way to a next day fundraiser in Las Vegas the night before an Ambassador along with 3 other Americans were killed.
 

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