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Politics : PRESIDENT GEORGE W. BUSH
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To: willcousa who wrote (454493)9/8/2003 11:41:32 AM
From: American Spirit  Read Replies (1) of 769670
 
Time to drop "Clinton recession" from the lexicon.
That is inaccurate. Yes the last six months of Clinton's 8 years we started sliding as the inflated stock market crashed, after 7 years of good times (so give Clinton credit not blame)but we also had the Bushie phony energy crisis cutting in then and Greenspan raising interest rates.

The Florida debacle hurt confidence as Bushies cheated to get in. Bush ignored the falling markets, even seemed to want them to fall, talking about "we're in a recession", if you remember. Then the Bushie energy crisis continued until Jeffords switched parties.

By then, The Bush Factor had hit the markets and economy hard and there was great malaise and uneasiness everywhere, globally in fact. Basically, the markets realized something very wrong had happened and that a huge adjustment would need to be made.

9-11 was a huge legit problem for Bush, but it's been two years since then and has he made things worse or better? Hard to tell. The stock market has revived some, but more and more people are losing their jobs and deficits are through the roof. No end in sight.

Loss of jobs are much more grave a problem than a technical recession. That's what a lot of Bushies don't seem to understand. Clinton created some 20 million jobs. Bush has lost 3.5. Not the Great depression but not good at all, especially with all the spending Bush is doing, historic spending.
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