PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Zoltan! who wrote (130092)	3/2/2001 5:28:29 PM
From: Nadine Carroll	Read Replies (1) of 769667

Many indicators - the most reliable ones - do say that we are in recession and have been for months. The definition of a recession is two or more quarters of negative economic growth. We haven't even had one quarter of negative economic growth yet. Therefore no recession. The economy becomes Bush's after his program is passed, regardless of some silly "being there" theory that you maintain. By that definition, shouldn't Clinton get credit for the good economy of 1994 - 2000? The "being there" theory is not mine; it just comes from observing the nature of our American political theatre. As for the market, the Nasdaq bubble popped, but the Dow has been in a trading range for two years. Both the Dow and the Nasdaq are now about double where they were five years ago. Not an extreme bear market unless you invested your savings in EToys.com -g-.

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