When
Herbert Hoover took office, the economy was booming and times were
good. During his four year term, household income fell 35% and
unemployment rose to 25%. The Great Depression began after his first
year in office, and despite efforts to implement volunteer efforts and
government action, he was unable to end the economy's downward spiral.
He lacked charisma in relating to voters and had poor skills in working
with politicians.
Sound familiar?
George Bush's approval ratings hover between 25-28%. Jimmy Carter's popularity dipped to 28% in 1979 and Richard Nixon and Harry Truman suffered ratings in the low-to-mid 20% in the last years of their administrations. The difference between the other president's low ratings and that of George Bush, GW's are accompanied by a severe downturn in the economy. No matter what he says from the podium or what Bernanke of the Federal Reserve Bank says, people are worse off now that they were eight years ago.
Today, I make less than one fifth what I used to make, my bills have more than doubled and my current job is instable.
I know I am not alone.
- Topic: Good Steward
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