View Single Post
  #10   Report Post  
Simple Simon
 
Posts: n/a
Default OT - Another Democrat lie bites the dust.



Correction, the 'downturn in the economy' that lead to
the official recession began during Clinton's last year.

President Bush even mentioned this fact prominently while
he was campaigning while the Democrats all cried 'foul".

So, don't even attempt to revise history and blame the
recession of Mr. Bush. Even the most hard-nosed liberals
must admit the Mr. Bush inherited a souring economy from
the previous administration.

The fact is no Democrat would have taken the necessary
action to bring us out of the recession as fast as Mr. Bush
has. Democrats would have raised taxes and made matters
even worse. That's how stupid they are.

S.Simon


"Jeff Morris" wrote in message news
"Simple Simon" wrote
The projected surplus was an optimistic Clinton fabrication
that did not take into account the recession that started
the last year Clinton was in office.


The recession did not start until Mar 2001, after Bush was inaugurated. This is
according to the National Bureau of Economic Research, the official arbiter of
recessions and expansions, which is run by a Bush advisor. Although the
official recession (as defined by the "real GDP") was relatively brief,
unemployment increased and over a million jobs were lost during the "recovery."
Thus, the current growth is fueled entirely by increased productivity; those
with jobs are working harder, even though increasing numbers are unemployed.