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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (488958)11/7/2003 11:28:21 AM
From: AK2004  Read Replies (2) of 769670
 
ken
1st signs of upcoming recession were during Clinton administration. Since economy was overstimulated during growth period (again during Clinton administration) it was clear that recession would be long and hard. Then bin Ladin's strike against NY (again Clinton's lack of action) caused US economy to loose close to $1.5+ trillion. To make things worse after bin Ladin's strike some of the foreign money were taken off the table which hit dot-com companies hard.

now you can not blame clinton for everything - Greenspan's actions did not help. But the fact is that all of the damage to US economy was done during clinton administration. Even bin Ladin's attack was was due to clinton's lack of any serious actions against bin Ladin.
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