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

To: Kenneth E. Phillipps who wrote (418491)	6/25/2003 1:06:23 PM
From: JakeStraw	Respond to of 769670

>>but the conditions for it were in place before that. Very true. Clinton let the economy slide...

To: Kenneth E. Phillipps who wrote (418491)	6/25/2003 1:25:55 PM
From: DavesM	Respond to of 769670

The beginning of the recession is recognized as March 2001, because the NBER says so. Just as the NBER says, that the expansion began in March, 1991 - though they waited till December, 1992 (and after the 1992 Election?) to announce: that the recession had ended in March 1991. Traditionally, recessions are two straight quarters of negative GDP growth, which (I believe) would put the beginning of the recession to January, 2000. The NBER also recognizes that the data that the used to date the beginning of the recession to March 2000, has been revised pointing to a earlier possible starting date (which, it seems, they have no intention to revise).