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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (234903)3/7/2002 10:46:56 AM
From: jlallen  Read Replies (2) | Respond to of 769670
 
LOL!! Definitions don't mean much.... I was speaking of the stock market decline and layoffs that began one year before Bush took office...

Sure, the Republican Congress helped but Clinton did not get in their way. In fact, he helped lead the way towards budget surpluses.

This is an outright lie. Clinton was dragged kicking and screaming into surpluses by the Republican Congress.



To: Kenneth E. Phillipps who wrote (234903)3/7/2002 11:01:29 AM
From: DMaA  Respond to of 769670
 
Definetely plenty of economic pain out there. Couldn't pin it on Bush, better deny it exists.



To: Kenneth E. Phillipps who wrote (234903)3/7/2002 11:10:23 AM
From: DavesM  Read Replies (2) | Respond to of 769670
 
Kenneth,

The National Bureau of Economic Research decided that a recession started in March of 2001, and that makes it official.

nber.org

"The NBER does not define a recession in terms of two consecutive quarters of decline in real GNP. Rather, a recession is a period of significant decline in total output, income, employment, and trade, usually lasting from six months to a year, and marked by widespread contractions in many sectors of the economy."