Mirror, Mirror, On The Wall, Who Has The Fairest GDP Average Of Them All?

M2RB:

Yo, Canucks!  Tell your Canadian Broadcast Standards Council and Human Rights Commission* to kiss my arse!  Long live free speech and Dire Straits!

 See the little faggot with the earring and the makeup
Yeah buddy that’s his own hair
That little faggot got his own jet airplane
That little faggot he’s a millionaire

Gotta install microwave ovens
Custom kitchen deliveries
We gotta move these refrigerators
Gotta move these colour TV's

I shoulda learned to play the guitar
I shoulda learned to play them drums
Look at that mama, she got it stickin' in the camera
Man we could have some
And he's up there, what's that? Hawaiian noises?
Bangin' on the bongoes like a chimpanzee
That ain't workin' that's the way you do it
Get your money for nothin' get your chicks for free

 

"You're entitled to your own opinion, but not your own facts."

- The esteemed Senator Daniel Patrick Moynihan

GDP Averages By Quarter From Carter To Obama

1977:1……….…4.7

1977:2……….…8.2

1977:3…….……7.3

1977:4…….....-0.09

1978:1…...….…1.4

1978:2………....1.7

1978:3…………3.9

1978:4…………5.4

1979:1…………0.7

1979:2…………0.4

1979:3…………2.9

1979:4…………1.1
1980:1…………1.7

1980:2…….….-7.9
1980:3………..-0.2
1980:4…………7.1

Jimmy Carter average GDP:  2.39%.

1981:1…….……8.6
1981:2……..…-3.2    Volcker raises Federal Funds Rate to 20%.
1981:3…..……..4.9
1981:4………..-4.9  Reagan cuts income taxes and lowers capital gains tax (CGR) to 20%.
1982:1……..…-6.4
1982:2…………2.2    Agrees to a deal to rollback corporate tax cuts and some income tax cuts.
1982:3………..-1.5
1982:4…………0.3
1983:1…………5.1

1983:2……......9.3
1983:3…………8.1
1983:4…………8.5
1984:1…………7.9
1984:2…………7.1
1984:3…………3.9
1984:4…………3.3
1985:1…………3.8
1985:2…………3.4
1985:3…………6.4
1985:4…………3.1
1986:1…………3.9
1986:2…….…..1.6
1986:3…………3.9   Tax Reform Act of 1986.  Among other things, the top marginal rate is cut to 28%.
1986:4…………1.9
1987:1…………2.2
1987:2…………4.3
1987:3…………3.5
1987:4…………7.0
1988:1…………2.1
1988:2…………5.2

1988:3…………2.1
1988:4…………5.5 

Ronald Reagan average GDP:  3.54%.


1989:1…………3.8

1989:2…………3.0

1989:3…………3.2

1989:4…………0.9

1990:1…………4.2

1990:2…………1.6   Bush flip-flops on his pledge, increases taxes, and triggers a recession.

1990:3….…..-0.01

1990:4………..-3.5

1991:1…….….-1.9

1991:2………....2.7

1991:3………....1.7

1991:4…………1.6

1992:1 ………...4.5

1992:2 ………...4.3

1992:3…………4.2

1992:4…………4.3

George HW Bush average GDP:  2.2%.


1993:1…………0.7

1993:2…………2.6

1993:3…………2.1   Clinton increases taxes.

1993:4…………5.4

1994:1…………3.9

1994:2…………5.6

1994:3…………2.6

1994:4…………4.5

1995:1…………0.9

1995:2…………0.9

1995:3…………3.4

1995:4…………2.8

1996:1…………2.8

1996:2…………4.7

1996:3…………2.1

1996:4…………3.8

1997:1…………5.9   Clinton cuts CGR from 28% to 20%.

1997:2…………3.3

1997:3…………3.1

1997:4…………3.1

1998:1…………3.8

1998:2…………1.8

1998:3…………3.7

1998:4…………6.0

1999:1…………3.6

1999:2…………1.6

1999:3…………5.1

1999:4…………7.3

2000:1…......…5.5

2000:2…......…5.6

2000:3…......…0.3

2000:4…......…1.0

Bill Clinton average GDP:  3.42%.


2001:1…..........1.2

2001:2…………2.6  Bush tax cuts are passed, but are staggered over many years.  This was corrected in 2003.

2001:3…..……-1.3

2001:4…………1.7

2002:1…………6.1

2002:2…………2.1

2002:3…………4.0

2002:4…………1.4

2003:1…………1.4  CGR was reduced and  tax revenues from CGs doubled to $103 billion.  2001 tax cuts were also accelerated.

2003:2…………3.3

2003:3…………8.2

2003:4…………4.1

2004:1…………3.9

2004:2…………3.3

2004:3…………4.0
2004:4…………3.8

2005:1…………5.2

2005:2…………3.3

2005:3…………3.2

2005:4…………2.1

2006:1…………5.6

2006:2…………2.6

2006:3…………2.0

2006:4…………2.5

2007:1…………0.7

2007:2…………3.8

2007:3…………4.9

2007:4…………1.8

2008:1…………1.0

2008:2…………2.8

2008:3…….... -0.5

2008:4…..…...-6.3

George W Bush average GDP:   2.6%.

2009:1……...…-5.5

2009:2………...-0.7

2009:3………....2.2

2009:4………....5.6

2010:1………..…2.7

2010:2………..…1.7

2010:3………..…2.6

2010:4……….….3.1

2011:1……..……1.9

2011:2………..…1.3

2011:3………..…1.8

2011:4……….....3.0

2012:1………..…1.9

2012:2………..…1.3

2012:3………..…2.0
2012:4………..…0.1

Barack H Obama average GDP:  1.56%.

Note:  From QII in 1996 all numbers come from the US Department of Commerce - Bureau of Economic Analysis.

*   Dire Straits' 'Money for Nothing' Banned in Canada

Read more: http://www.rollingstone.com/music/news/dire-straits-money-for-nothing-banned-in-canada-20110114#ixzz1weRt95eb