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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (414060)	9/5/2008 1:18:34 PM
From: TimF	Respond to of 1578289

It was higher under the first Bush, than under other recent presidents (with the exception of the early part of Reagan's presidency, when gaining control of the inflationary spiral from the 70s required very tight money), but while it was fairly high, it wasn't truly exceptional and the recession was already over before Clinton took office. Clinton had wonderful timing on this, he became president just after a recession ended, then he left before the after effects of the tech bubble popping, 9/11 and a few other issues could hurt the economy much. But despite all of that his average unemployment rate is pretty much the same as the 2nd Bush. Generally presidents get too much credit/blame for the economy. Their actions have an effect, sometimes even an important effect, but typically not an overwhelming effect.