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... http://crooksandliars.com/jon-perr/m...bush-recession Friday Nov 21, 2008 Measuring the Bush Recession By Jon Perr As the American economy plunges deeper into crisis, the conservative chattering classes are hoping for a replay of their 2001 blame game. Having successfully perpetuated the myth http://mediamatters.org/items/200405010002 that President Bush "inherited a recession" from Bill Clinton, This is not a "myth". It is a fact. The seeds of that recession were planted when the "dot com bubble" burst in March of 2000, the last year of Clinton. The stock market was plunging and the economy going down when Bush took office. Not that *any* recession is directly attributable to a president. But the Prez is "da man in charge". Therefore when things go wrong, he is blamed. Ask Jimmy Carter. |
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