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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (6009)	3/9/2004 5:44:46 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 81568

A recession is defined as two quarters of declining GDP. Fourth quarter GDP was +2.1% in 2000. You wrote: Then how do you explain the government's GDP figures showing declining GDP in the third quarter of 2000? It did happen. You have your answer: it wasn't a recession! BTW, the NBER is the official arbiter of when recessions start: nber.org BAM! March 2001. Why is this such a debate anyway? I don't blame Bush for the recession. The real question is why haven't we had job growth since the end of the 2001 recession? My answer is the bad fiscal policies of Bush.