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Bush inherited the recession... AND THE RECOVERY

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bucknaked Donating Member (818 posts) Send PM | Profile | Ignore Tue Feb-24-04 07:46 PM
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Bush inherited the recession... AND THE RECOVERY
"Bush inherited the recession..." has been... and soon, more than ever, it'll be the battle cry of all Conservatives this election year. They're hoping this will absolve Bush of the economic decline, and job slump which has occured during his first term.

This, they're basing on the NBER's (National Bureau of Economic Research) moving back of their initial assessment of March 2001 being the start of economic decline, to sometime between November/December of 2000 (during Clinton's last year in office).

HOWEVER... what they (Republicans and Conservatives) don't include, is that according to the same organization, the supposed recovery, that Bush is perfectly willing to take credit for, took off in November of 2001... just one month into the start of Bush's first economic plan's fiscal year.

I wouldn't put anything past this Administration, but even this is a tall order for them to try to pass off. For an ecomony the size of ours, to be stimulated like that, would be akin to saying a freight train also has the 0-60 speed of a Porsche GT2.

I brought this up last week, but everytime I hear this lie, over and over again (Sean Hannity, today, for example).

This info needs to get out there to counter this crap!
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