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

To: jlallen who wrote (693028)	7/20/2005 4:23:01 PM
From: JBTFD	Read Replies (2) \| Respond to of 769670

911 and the 2 wars were not inherited by Bush. 911 happened on his watch and the 2 wars were chosen by him.

To: jlallen who wrote (693028)	7/21/2005 7:31:30 AM
From: DuckTapeSunroof	Respond to of 769670

You can be loose in your language that way if you want to be (there was a slowdown in growth in the fourth quarter of 1999, although the quarter still posted positive growth), since there is no OFFICIAL arbiter of 'recessions' in the US, or if you are stating your personal opinion (everyone is entitled to an opinion).... Never-the-less, the most widely accepted source for such things (for well over 60 years now), the source accepted by both the government and the press for all that time, is the NON-PARTISAN National Bureau of Economic Research (with several Nobel Prize winning economists on staff). Their last word on the question: In March 2001, the U.S. economy went into recession for the first time in ten years, according to the National Bureau of Economic Research (NBER.) NBER -- the private, nonpartisan organization whose business cycle announcements have long been considered the definitive word on the topic -- announced its determination on November 26, 2001: The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001. A peak marks the end of an expansion and the beginning of a recession. The determination of a peak date in March is thus a determination that the expansion that began in March 1991 ended in March 2001 and a recession began. The expansion lasted exactly 10 years, the longest in the NBER's chronology. Incidentally... they also noted that the 2001 recession was one of the shallowest and shortest on record... ending in December. NBER's president, Martin Feldstein, was a Bush campaign adviser who has long been close to the Bush family, if that helps in any way....