|
Friday, February 20, 2004
That's probably Clinton's fault, too:Bush has asserted in speeches that he inherited the recession, and the report adopts that view. The charts and analyses in the 412-page "Economic Report of the President," issued last week, put the "start of the recession" in the fourth quarter of 2000 -- under President Bill Clinton.
But the National Bureau of Economic Research, which dates business cycles, has said the recession lasted eight months beginning in March 2001 -- two months after Bush's inauguration. Members of the group that determines the date have discussed moving it into 2000, but no meeting has been scheduled to consider the question.
posted by jeev |
6:30 PM |
 
|
