Quote:
Originally Posted by aceventura3
I am never sure how to discuss these issues here, because normal business cycles occur normally and Presidential policy often takes years if not decades before they start to have an impact on the economy. So, to me, I see Reagan's policies impacting most of the 90's, not Clinton. And I see the housing bubble being born during Clinton's term. Most of Bush's policy was consumed by war and nation building in Iraq.
True, the recession became official after Bush took office. I think most agree the excess of the dot com bubble laid the foundation for the recession, this build up occurred before Bush took office and the peak occurred shortly after he was sworn in.
Here is a quot and a link to an interesting recap of some of the data during the period:
The U.S. Recession of 2001-2002
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So then I assume by that account Bush and the neo-con policies are completely responsible for the mess we're currently in, right?
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