So you admit there was no Clinton recession? Good.
Why should he admit that when it isn't true? I pointed that out specifically to you based on government figures (see post linked and pasted below), and you ignored it. Don't keep repeating lies (including the lie that you don't lie).
Message 19875278
To:American Spirit who wrote (1176)
From: Original Mad Dog Wednesday, Mar 3, 2004 7:40 PM
Respond to of 1248
In December 2003, the government revised its figures based on improved data for a number of time periods and concluded based on more detailed statistics that is has gathered that the decline in GDP first began in the third quarter of 2000:
bea.gov (see Tab 1, Cell G5 of Spreadsheet, showing GDP declined 0.5 percent in the third quarter of 2000, then declined again 0.2 percent in the 1st quarter of 2001, 0.6 percent in the second quarter of 2001, and 1.3 percent in the third quarter of 2001 (the last three weeks of which were 9/11 and its aftermath). Any rational observor can see that Bush inherited a declining economy reeling from the effects of the stock market bubble's deflation and the post Y2K decline in technology investment. Those things may or may not be Clinton's "fault", but they happened while he was President (as did the majority of the stock market's decline).
This news release also includes the same chart showing the decline in the third quarter of 2000:
bea.gov
The revision of the data was part of a comprehensive long term project to improve the reliability of the data from 1929-2003, as described in this report:
bea.gov
Since then, coincidentally (?) at around the time the tax cuts began to be implemented, the GDP has gone up nine consecutive quarters, by an average of 3.4 percent. Here are the numbers:
2.0
4.7
1.9
3.4
1.3
2.0
3.1
8.2
4.1
Since President Bush's economic policies were implemented, GDP has grown at an impressive pace. Before those policies were implemented, including while Clinton was still President, GDP was stagnating or declining.
I have good reason not to take you as gospel. This is one of those times you have made a mistake
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