Quote:
Originally Posted by spunkmaster
On Jan 20, 2001 president Clinton said there was no recession and then a week later there was a recession when Bush was President !
So, you're saying that Bush fucked up and caused a recession withing one week ?
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yeah.. that's what I'm saying... no... at that time there wasn't a recession.. Clinton had been warning of an economic slowdown and Bush said the opposite during the campaign.. Once Bush had won, then Cheney and him said there were indications that the economy "might" be slowing down.. The Fed acted in Dec 2000.. The recession wasn't "official" until March 2001 I think..
But you missed my point entirely...
Sort of interesting how Bush starts with a recession and ends with one.. Not the first time actually.. If you look at most presidencies that last 8 years, they often start and end with recessions. It tends to be cyclic in nature but the polictical parties feed the masses crap to make them believe it's the current parties/presidents fault..