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The '2002 Recession' started under Clinton

Posted on: September 11, 2018 at 13:30:35 CT
Spanky KU
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The Bush administration's claim that it inherited a recession from Clinton became somewhat more credible, when the Commerce Department revised its estimates of GDP, the broadest measure of economic growth, in the first, second and third quarters of 2001, showing that it shrank in all three quarters.

Earlier estimates found economic activity contracted in only the third quarter of 2001, due mostly to a dramatic, temporary slowdown in activity after the Sept. 11 terror attacks.

Since one rule-of-thumb definition of a recession is two or more consecutive quarters of shrinking GDP, it became possible, based on the revised data, to say a recession began in January 2001.
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9-11 directly lead to - JG MU - 9/11 12:42:37
     You forgot Homeland Security(nm) - DevilsAdvocate MU - 9/11 13:23:29
          yes - JG MU - 9/11 13:57:23
     9-12. nm - hokie VT - 9/11 13:16:33
          rofl(nm) - DiggerPhelps STL - 9/11 13:31:30
     9-11 led to a tanked economy? - Spanky KU - 9/11 13:03:50
          The Bush recessions were a doozy - JG MU - 9/11 13:13:36
               The '2002 Recession' started under Clinton - Spanky KU - 9/11 13:30:35
                    I'm fine with that if you're fine with todays - JG MU - 9/11 13:32:52
                         No.. it actually isn't what I am saying. But flame on. - Spanky KU - 9/11 14:03:52
                              LOL so you're saying the economy started - JG MU - 9/11 14:13:06
                                   Stay on point, George. Did 9-11 cause the Recession as you - Spanky KU - 9/11 14:23:53
                                        It led to it being much more severe - JG MU - 9/11 14:48:20
                                             What? The Recession ENDED in Nov 2001. - Spanky KU - 9/11 15:01:22
     TSA, Dept of Homeland Security, Real ID, etc (nm) - pickle MU - 9/11 12:53:10
          yes - JG MU - 9/11 12:58:12
          taking our shoes off for no effing good reason in - catbirdseat MU - 9/11 12:54:50
               There is a very good reason for that - pickle MU - 9/11 13:11:38
               Ok, we agree on that one. (nm) - GA Tiger MU - 9/11 13:02:28
     RE: 9-11 directly lead to - DHighlander NWMSU - 9/11 12:49:53
          Every single thing I said was 100% accurate - JG MU - 9/11 12:57:43
          What?! We invaded Afghanistan specifically to fight - Badird MU - 9/11 12:55:20
          You don't think Obama's election - pickle MU - 9/11 12:54:40
               So Bush's election was in response to Clinton? - Badird MU - 9/11 12:56:07
                    Maybe you weren't alive during the Bush years - pickle MU - 9/11 13:03:22
                    No 9-11, Bush loses in 2004 - JG MU - 9/11 13:00:18
                         I don't think so, if everything is still equal - tcat UMKC - 9/11 13:09:18
                              Bush was very unpopular before 9-11 - JG MU - 9/11 13:12:44
                                   "Bush was very unpopular before 9-11" - pickle MU - 9/11 13:21:17
                                        was fading. the 9-11 boost carried him in 2004 - JG MU - 9/11 13:24:00
                                   9-11 happened 9 months into his - tcat UMKC - 9/11 13:19:36
                                        9-11 is the reason, and invading Iraq was not unpopular - pickle MU - 9/11 13:22:32
                                        of course it's the reason - ashtray UF - 9/11 13:20:39




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