The Economic Legacy of the Four-Year Democratic Congress

From early 2007 through the end of 2010, the Democrats had strong majorities in -- and control of -- the U.S. 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:Issue/TopicDemocratsRepublicansJobs by Year - Average -1,583,000+1,672,000Jobs by Month - Average-131,916+139,333Unemployment Rate - Average7.48%5.3%Budget Deficits - Avrage$1.143 Trillion$285 BillionDow (DJIA)0.13% (0.53 Total)11.04%S & P 5001.29%15.02%FDIC Bank Closures - Average79.21.75Following are the numbers in more detail.  (Statistics for 2010 will need to be adjusted with the close of December. However, the general picture won't change much anyway.)Non-farm Payroll by Year:2003 = 87,000;2004 =...(Read Full Article)

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