"Jim" wrote in message
...


NOYB wrote:
"Jim" wrote in message
link.net...

Bush is behind about 3 1/2 years.


A recession started just 60 days into his term. If you think that the
recession was the result of Bush's policies (that hadn't even been
implemented yet!), then you're either stupid or a liar.

Then, 9/11 came about. It's nothing short of miraculous that our
economy
was able to rebound so strongly after what it'd gone through: 9/11,
corporate scandals, union pension fund scandals, insider trading, two
wars,
etc.



As I recall, One of Bushes campaign promises was JOBS, and
the tax cuts were to provide them

And they are! Jobs are a lagging indicator. The tax cut was passed, and
rates were reduced effective July 1, 2001...which means American's didn't
start seeing *some* of their returned money until after the April 2002
returns were submitted. Of course, the recession from 2001 and early 2002
hurt people's income and the job market. Therefore, the tax money refunded
in 2003 constitutes the bulk of the tax cut...which means Americans have
only had about 11 months to spend the tax cut refunded money. Since *every
single* economist will tell you there's a lag between a jump in GDP and a
jump in employment, it stands to reason that the past 7 months of increases
in employment figures is just following on the heels of 9 quarters of GDP
increases.

After 3 straight quarters of a *decreasing GDP*, the 4th quarter GDP in 2001
had increased...and GDP has been increasing for 9 consecutive quarters.
What happened in 2001 to stop the recession? The tax cut and interest rate
cuts by the Fed.