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

To: DavesM who wrote (341210)	1/9/2003 11:05:01 PM
From: jlallen	Read Replies (3) \| Respond to of 769670

LOL! UnAmerican Spirit has a habit of making things up...

To: DavesM who wrote (341210)	1/10/2003 3:38:23 AM
From: MSI	Read Replies (1) \| Respond to of 769670

FWIW, NBER, the official org that declares these things says the recession that began March 2001 hasn't ended yet, as of 12/7/02 -- "... the expansion began in March 1991 ended in March 2001 and a recession began in March. " "...The behavior of the economy this year [2002] indicates that the decline in activity that began last year may have come to an end. But recent data show that additional time is needed to be confident about the interpretation of the movements of the economy last year and this year. The NBER's Business Cycle Dating Committee will determine the date of a trough in activity when it concludes that a hypothetical subsequent downturn would be a separate recession, not a continuation of the past one. The trough date will mark the end of the recession. The committee will not issue any judgment about whether the economy has reached a trough until it makes its formal decision on this point. The committee waits for many months after an apparent trough to make its decision, because of data revisions and the possibility that the contraction would resume. For example, the committee waited until December 1992 to announce that a trough had occurred in March 1991." nber.org