Quote:
Originally Posted by Giantone  Ken............... 
THE RECESSION
LIE: In his December 28th radio address, Bush claimed that the recession began before he took office. Both he and Vice President Cheney have repeated this claim during the reelection campaign. The Administration also unilaterally changed the method for calculating a recession to move the starting date of the Bush recession to 2000. This is even after President Bush is on record that “our economy has been in recession since March [2001]”. (Daily Mis-Lead 09.01.04, Center for American Progress Report 09.02.04)
FACT: The economy was still growing at the end of 2000, despite the incoming administration’s attempt to talk it down. The recession began in March 2001 during the first year of the Bush administration. This is even after President Bush is on record that “our economy has been in recession since March [2001]”. (Slate 12.30.02, Progress Report 03.03.04, Daily Mis-Lead 09.01.04, Center for American Progress Report 09.02.04) |
Weren't the 3rd quarter of FY2000 and the first quarter of FY2001 both of negative growth? Negative growth equals recession, now who was "in-charge" at that time?