Originally posted by: ProfJohn
Originally posted by: 1EZduzit
Yeah, so say the Bush cheerleaders who were funded with $10 million worth of conservative money. And then they only go so far as to say it could "possiblly" have started then. Keep trying though, with enough money you'll figure out how to get water to flow uphill.
It's just a coincidence that the common man is always struggling under the so called conservatives, but does fine under Clinton, who isn't really even a liberal. You must think most people are quite stupid?
Try to explain this away please.
From Business Week, written in December of 2000 while Clinton was still President.
link
Talk about the Grinch who stole Christmas. Until recently, it was possible to indulge in some humor about the decline in the stock market and shortfalls in corporate earnings. No longer, it seems. Signs that the economy is weakening are cropping up everywhere: Consumer confidence has tumbled during the holiday season, and government statisticians report that retail sales fell sharply in November. The unemployment rate has ticked up, and housing activity has slumped. So a growing number of Wall Street traders and analysts are convinced (mistakenly, I believe) that the recent decline in the stock market is forecasting a recession for next year.
I suppose Bush spent part of that $10 million on a time travel machine so he could 'plant' this story?
And here, from February 2, 2001 a whole 12 days after Bush took office.
link
The U.S. unemployment rate edged up to 4.2 percent last month, its highest level in 16 months, as the slowing economy triggered big layoffs in the auto and other manufacturing industries, the government reported Friday.
For the last 6 months of 2000 there were only 191,000 jobs created, that compares to an average of 153,000
per month last year (and people complained about how low that rate was.)
Do you still deny that the economy was on the way down
before Bush took office?
Clinton was probably the luckiest President in history when it comes to the timing of economic cycles. When he took office the US was on the way out of a mild recession and when he left office the country was heading towards a recession which means his entire 8 year occurred during an economic up-turn.