Um no the economic downturn started under Clinton. Guess they left that out of the CNN nightly news. Ever hear of the dot com bubble? Guess not.
The recession officially started in the March 2001, when Bush was in power
Look it up, and get a clue
Which is not to say the condition that caused the recession started under Bush (they did not). The Dot com bubble bursting was a major reason for the reason and yes it did occur during Clinton's term
As for now, the reason for the current recession were started under Bush, the reason why unemployment is at 10.8% is due to things that happened during the Bush term in office
Cesar Conda on John Kerry, Bill Clinton, George W. Bush & Recession on NRO Financial
According the National Bureau of Economic Research (NBER), the unofficial arbiter of business cycles, the recession began in March 2001 and ended in November 2001. NBER analyzes four data series from the U.S. Department of Commerce, the Federal Reserve Board, and other government sources. While previously NBER indicated the recession started in March 2001 (it has not formally revised that date), official revisions of the data indicate that the recession started earlier than that.
For example, under revised calculations, real disposable income peaked in October 2000, rather than steadily rising in 2000 and early 2001 as indicated in the original data. Industrial production/manufacturing and trade sales both peaked in June of 2000, instead of September and August, respectively. Non-farm payroll employment peaked in February 2001, not March 2001. And monthly gross domestic product, which the NBER recently announced will be included in dating recessions, also peaked in 2000.
According to the Council of Economic Advisers, the median date of these five data series is October 2000 — at least three months before George W. Bush took office. We also know that the stock market started to decline in March of 2000, business investment began to fall in the third quarter of 2000, and initial jobless claims began to rise at the end of 2000 — more evidence that the U.S. economy in late 2000 was in fact "on the front end of a recession," as Vice President-elect Dick Cheney observed on Meet the Press on December 3, 2000.
The recession started under Clinton? Repub crowed that Bush ended the recession and that the economy was strong and vibrant........But erase 8 yrs of history if you want. Bush still gets a free pass from Repubs...amazing.