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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (31227)1/8/2009 6:43:40 PM
From: TimF  Read Replies (1) of 71588
 
If your talking about Bush, well he hasn't been president for eight years. If your talking about his policies well the important relevant ones where not fully in effect until 2003 or so.

If your talking about a decade, and don't really care whether it was Bush or Clinton as president, well the early part of the decade was the collapse from another bubble. Which distorts things a bit, your counting the decline from the last one, and the current decline as well, with your starting point being from before a lot of the last decline, so your not measuring from top to top of a cycle or bottom to bottom, but not far from top to bottom.

Also whatever time period you pick you can't just subtract out the temporary gain during the expansion, at least not without putting it back in in the contraction that results from the gain being temporary.
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