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Politics : Politics for Pros- moderated

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To: abstract who wrote (75333)	10/7/2004 12:48:58 PM
From: Ilaine	Read Replies (2) of 793917

No mention whatsoever that Bush was president during the conclusion of the bursting of the biggest stock market bubble in the 20th century (which began under Clinton), and also the aftereffects of 9/11. No mention whatsoever that unemployment is still a tad more than 5%, which is historically an extraordinary percentage. During the last major recession it was more like 10% (IIRC). No mention whatsoever that interest rates are historically low, and that the housing market remains historically strong. No mention whatsoever that real income has actually increased. Like Rodney Dangerfield, Bush gets no respect. Maybe the professors are not mendacious but young, and believe that booms never end all on their own, rather than the truth - all booms end, for reasons no president can control.

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