Real GDP Growth for the Past Six Years

The 2006QIV preliminary estimate had real GDP (2000$) at $11,506.5 billion. This compares to the $9887.7 billion as of 2000QIV. So over the six years that George W. Bush has been President, cumulative real GDP growth has been only 16.37%, which translates into a 2.56% average annual growth rate. Just something to think about when some Bush cheerleader says Bush’s tax cuts led to some alleged supply side miracle.

Tomorrow, the latest from the Bureau of Economic Analysis. Prediction – the employment to population ratio will still be well below where it was when Bush took office.