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They keep reinventing Clinton recession. 2000 or 2001, "who cares"...

Though I still wondering how Bush ran into recession so fast. Markets apparently like his type of "dictatorship would be easier" leaders. How did Bush's election change overall economic activity so suddenly?

by das monde on Thu Apr 3rd, 2008 at 02:51:01 AM EST
[ Parent ]
Playing the devil's advocate, even though the real recession happened in 2001, not 2000, at leasst as per the NBER, it's still fair to say it was Clinton's recession, not Dubya's. The first asset bubble was inflated on his watch, and it started deflating on his watch again, and arguably it was this first bubble deflation which caused the recession. Not Dubya's fault.

Clinton got far more credit for his economic stewardship than he deserves; he was the beneficiary of a bubble, and the recession which resulted is also his. Note taken also that the hard-right ideologue at the time in the fed, increasing interests throughout 2000, probably to undermine public confidence in the economy and strip Gore of a key selling point.

Bush's bubble, of course, will have far more long-lasting and severe consequences.

by redstar on Thu Apr 3rd, 2008 at 11:07:32 AM EST
[ Parent ]

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