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National Press Releases
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PRESS RELEASE FROM AMERICANS FOR TAX REFORM
Contact: John Kartch (
jkartch@atr.org or 202-785-0266)
[View Printable Adobe Acrobat File]
HELL IN A HANDBASKET: LIFE UNDER A DEMOCRAT CONGRESS
Democrats running for office this year complain a lot about America and the cost of living. What might surprise you is that most of the backsliding in the American way of life has happened while Democrats control the U.S. Congress. Below are a few key examples:
|
Inauguration Day 2001
(01-20-2001) |
Election Night 2006
(11-07-2006) |
New Dem Congress
(01-04-2007) |
Latest Figure
(Oct-2008) |
Gallon of Gas |
$1.46 |
$2.22 |
$2.30 |
$3.72 |
Loaf of Bread |
$0.98 |
$1.14 |
$1.15 |
$1.38 |
Gallon of Milk |
$2.85 |
$2.99 |
$3.07 |
$3.89 |
Dozen Eggs |
$1.01 |
$1.35 |
$1.55 |
$1.85 |
Cong. Approval |
50% |
26% |
35% |
12% |
Dow Jones Average |
10,588 |
12,157 |
12,481 |
8,578 |
Stock Market Wealth |
$15.401 trillion |
$17.002 trillion |
$17.002 trillion |
$15 trillion
(est) |
Net Worth |
$39.551 tril |
$55.943 tril |
$56.806 tril |
$55.993 tril |
Per Capita GDP |
$33,403 |
$44,640 |
$45,173 |
$47,708 |
Inflation Rate |
3.7% |
2.0% |
2.1% |
5.4% |
Unemployment Rate |
4.2% |
4.5% |
4.6% |
6.1% |
Real GDP Growth |
-0.5% |
2.1% |
0.6% |
3.3% |
Average Wage |
$28,700 |
$33,980 |
$34,320 |
$35.960 |
Dollar vs. Euro |
0.95 |
0.85 |
0.83 |
0.68 |
Sources:
Department of Energy
Department of Labor, Bureau of Labor Statistics
Ibid.
Ibid.
Gallup
CBS/NY Times poll
Yahoo Finance
Federal Reserve Flow of Funds
Ibid. Figures are in 2008 dollars.
Department of Commerce, Bureau of Economic Analysis
Department of Labor, Bureau of Labor Statistics
Ibid.
Department of Commerce, Bureau of Economic Analysis
Department of Labor, Bureau of Labor Statistics
Yahoo Finance
###
Americans for Tax Reform is a non-partisan
coalition of taxpayers and taxpayer groups who oppose any and all federal
and state tax increases. For
more information, or to arrange an interview with Mr. Norquist please contact John Kartch at (202)785-0266 or by email at
jkartch@atr.org.
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