Quote:
Originally Posted by Keedy
When President Bush took office we were in the Clinton recession and he never got any credit even though we pulled out of it and the country sustained positive growth for over 6 years and millions were added to payrolls.
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Not according to the National Bureau of Economic Research.
"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."
http://www.nber.com/cycles/november2001/
Backdating the Recession:
http://mediamatters.org/research/200405010002