The most extreme perversions (shout-out to @Lawrence_of_a_Labia for the hell of it ) of the various Congresses and Presidents has been the explosion in mandatory spending and continued meddling in the housing market:
The tech bubble burst and Clinton's recession started in spring of 2000. Bush took office in January of 2001 so like Obama, he inherited a recession as well.
The tech bubble burst and Clinton's recession started in spring of 2000. Bush took office in January of 2001 so like Obama, he inherited a recession as well.
The tech bubble burst and Clinton's recession started in spring of 2000. Bush took office in January of 2001 so like Obama, he inherited a recession as well.
The tech bubble burst and Clinton's recession started in spring of 2000. Bush took office in January of 2001 so like Obama, he inherited a recession as well.
It's kind of semantics as a recession technically means two quarters of negative growth but that didn't actually happen from the 2000-2003 "recession". The Nasdaq peaked in March of 2000 and growth was already slowing significantly:
The tech bubble burst and Clinton's recession started in spring of 2000. Bush took office in January of 2001 so like Obama, he inherited a recession as well.
It's kind of semantics as a recession technically means two quarters of negative growth but that didn't actually happen from the 2000-2003 "recession". The Nasdaq peaked in March of 2000 and growth was already slowing significantly:
The tech bubble burst and Clinton's recession started in spring of 2000. Bush took office in January of 2001 so like Obama, he inherited a recession as well.
Of course and often, the stock market peaks roughly 6 months before the economy starts diving.
Again, if you look at GDP chart I posted, growth peaked in 1H of 2000....it then declined significantly and bounced between negative growth and barely any growth. GDP growth didn't reach at least 4% again until 2H of 2003.
It's kind of semantics as a recession technically means two quarters of negative growth but that didn't actually happen from the 2000-2003 "recession". The Nasdaq peaked in March of 2000 and growth was already slowing significantly:
The tech bubble burst and Clinton's recession started in spring of 2000. Bush took office in January of 2001 so like Obama, he inherited a recession as well.
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March of 01. Can you read?
The discussion is who's recession. Clearly it was the natural cycle after Clinton left office. But it still started after Clinton left office.
Again, if you look at GDP chart I posted, growth peaked in 1H of 2000....it then declined significantly and bounced between negative growth and barely any growth. GDP growth didn't reach at least 4% again until 2H of 2003.