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Economic Doom and Gloom: An 8 Year old history lesson
Economic Doom and Gloom: An 8 Year old history lesson
It's amazing when you look back only 8 years ago and see how Bush was treated for "talking down the economy" compared to Obama and his "pass this bill or life as we know it will end!!!" rhetoric. I thought Obama meant hope? picked by hmtksteve 10 months ago
tags economy obama bush doom gloom
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10
 Fanatic
10 months ago
Every president must walk a rhetorical tightrope when talking about the economy, a lesson Mr. Bush learned quickly, being bashed just after taking office for delivering somber news. The United States was just entering a mild recession - it had been in one, it turns out, for about nine months - and the new president said so.
Lies.

From wikipedia:

The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001. A peak marks the end of an expansion and the beginning of a recession.
Bush was trying to sell a tax cut in the campaign, and after the election was over, he started talking about the economy tanking as the chief rationale for it. Sure enough, four months later, it reached the peak and started down.

Meanwhile, we're already 13 months into the current recession, and here's what the recovery looks like so far:

Click here to show image
quote #2
16
 shep182
10 months ago
Funny... was the same tactic to push thru anti-terror legislation too...
quote #3
13
 hmtkstev...
10 months ago
« shep182 : Funny... was the same tactic to push thru anti-terror legislation too...
Yep!

Don't read the Patriot Act, just trust us ;)
quote #4
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