Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Wayners who wrote (652704)	4/24/2012 10:24:47 PM
From: i-node	Read Replies (1) of 1578704

>> The last President to not get a second term was H.W. Bush. Why? "By 1992, interest and inflation rates were the lowest in years, but by midyear the unemployment rate reached 7.8 percent, the highest since 1984." The recession began almost to the DAY that Bush agreed to increase taxes. At the time, we did accounting for a sizable chain of mall shoe stores which did many millions in sales. The dropoff in sales was palpable. We knew at the end of that August they were going to get hammered. It was like Bush said it one day and the next people just stopped spending. Coincidence? I don't know; I'm not much of a believer in that kind of coincidence.

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