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Politics : PRESIDENT GEORGE W. BUSH
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To: Neocon who wrote (434792)7/28/2003 8:36:12 PM
From: DavesM  Read Replies (1) of 769667
 
Neocon,

I think that President Bush is lucky that the NBER called the end of the recession now. For his father, they waited till 2 months after the election, to declare that the recession had ended (a year and a half earlier).

The funny thing is, if you look at how the NBER determines a recession, the beginning of this past recession (beginning March 2001) should have been 3 or 4 months earlier. In fact, the NBER recognizes that economic numbers point to an earlier start date...they just don't want to revise it - yet.
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