In response to:
Ron4594 Wrote: 3 hours ago (11:55 AM)
That recession started in January of 2007, when Barry and the ObambacRATS took control of Congress.
So when Bush said this in Aug 7, 2002 – "When I took office, our economy was beginning a recession," Bush said in a ... on the revised data, to say a recession began in January 2001. Was he taking credit for the 2001 recession?
Reagan 1982 SOTU – "The problems we inherited were far worse than most inside and out of ... the recession was deeper than most inside and out of government had predicted. Was he taking credit or are republicans only able to inherit recessions?
President Barack Obama's re-election turns on his ability to convince voters that 1) Obama inherited a "Great Recession," 2) every "independent" economist supported the "stimulus," 3) "bipartisan" economists agree that Obama's stimulus worked, and 4) as actor Morgan Freeman puts it, racist Republicans say, "Screw the country ... we're going to do whatever we can to get this black man outta here" -- nothing to do with deeply held policy differences.
That's a lot of merchandise to push.
1) Take this "Great Recession" business.
Remember the "misery index"? The term, popularized by former President Jimmy Carter, used to mean inflation plus...
are republicans only able to inherit recessions?
Let’s look at the recessions in the past. How many came from a Democrat administration to Republicans. Kennedy had a slow down and he lowered taxes to fix it. Carter took over with the country in fair shape but left it in a mess. Clinton took over with bit of a slow down and also I believe lowered taxes to start the recovery. Obama took over from a recessions started by a democrat congress and hasn't fixed it yet.
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The recession that Bush got, started in July of 2000, bottom out in 2001 and started recovery in 2002. The democrats tried to blame Bush but couldn’t get away with it because everything in 2001 was from the Clinton term.