Recessions are declared to "begin" once growth stops and "negative growth" or "recession" start. Once growth stops and things begin to RECEDE you are in a recession. Seems like you like to play with words and definitions as they suit your argument. You just used the same date, once to state that a recession began a month after Bush took office, and now to imply that the "economy was at it's peak" a month after Bush took office.Your own link says the recession began in March 2001, two months *AFTER* bush* took office.
Revisionists tactics noted. You are dismissed, toolbox.
2016: NONE OF THE ABOVE
Right now you find yourself in the uncomfortable position of either having to admit that Bush inherited a poor economy or using dishonest tactics and hoping that nobody calls you on it. You have chosen the latter. Here are your own words...
The fact is that the economy was in a tailspin as Bush took office. Only hardened partisans like yourself would try to dispute that. Now, if you want to say that the economic collapse that happened in 2008 was Bush's fault, that's a completely different subject but right now we're talking about conditions in 2001 and you just tried to say that that one was Bush's fault, too.No, you're just trying to run away from your own words as fast as you can. The facts is, the economy hit it's peak in March 2001. Too bad your Decider was so incompetent he blew the economy up.
2016: NONE OF THE ABOVE
The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001.
Yes, improved because people have just dropped out of the work force or are collecting disability. How does the economy grow and food stamp use as well?Unemployment has improved if you count from the days when it hit its peak in Feb 2010 and not from Inauguration Day in 2009;
Perhaps some of that $5 trillion Obama spent could have gone towards infrastructure. Of course people are telling him to stop spending because he has nothing to show for the trillions he has already spent. Only his political friends have become quite wealthy.The infrastructure is crumbling but all we hear from the GOP is "cut spending". Tell us - how do you repair, renovate and improve American infrastructure without paying for it?
[/QUOTE]As noted earlier, America's economy is doing better than the rest of the industrialised world, so there is "something to show for it"
That's because mush of the industrialized world went left a lot earlier than the US. Now the USA is following their lead and will suffer the same consequences. That is a certainty.
"The House on Wednesday approved a bill extending the nation's debt limit
"Senate Majority Leader Harry Reid (D-Nev.), however, said the Senate would pass the House bill quickly."
Read more: House approves debt-limit extension, presses Senate to pass budget - The Hill's Floor Action
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