Bush - the two recession president

[riddler 0]

The first recession was in 2001, lasting eight months. The current recession started one year ago, and there is no light at the end of the tunnel.

The good news is that he has said "I'm sorry it's happening."

Edit for clicky.

Trapped on the surface of a sphere. XKCD

[skydyvr 0]

This should quiet those who say he hasn't accomplished anything.

. . =(_8^(1)

[mnealtx 0]

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The first recession was in 2001, lasting eight months.

You mean Clinton's recession, right? Since it started in January, BEFORE Bush took office.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[Ion01 2]

Good point. Also, two of the biggest drops in the stock market, bigger than the drops in the great depression, were under clinton before bush took office.

[kelpdiver 2]

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Good point. Also, two of the biggest drops in the stock market, bigger than the drops in the great depression, were under clinton before bush took office.

Now you're really reaching.

http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average

You're referring to #6, #7, #9, on the list of greatest one day point losses. 16 of the 17 remaining come during the current administration.

That Black Monday (1987) is only #11 now reminds all that point losses mean much less than percentage losses. Only one event in Clinton's time made the top20, at #15, and this was caused by the Asian markets. The next day, the Dow recovered 61% of the loss.

Of course, no one is going to claim they preferred the 8 year performance now, compared to 1993-2001. Or are you?

[The111 1]

In general, to suggest that one man (Clinton, Bush, Obama, or anybody else) can start or stop economic recessions is a bit short-sighted, IMO. Further, if you measure a recession by the actual date on which a big market drop happens, you are looking in the wrong place. The signs usually start years earlier, and in both of these cases the recessions were caused largely by speculative bubbles. Everyone who participated actively and ignorantly in either of those bubbles is more to blame than our country's figurehead.

www.WingsuitPhotos.com

[billvon 3,112]

>You mean Clinton's recession, right?

The ultimate CDIF.

[mnealtx 0]

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>You mean Clinton's recession, right?

The ultimate CDIF.

Give me a fucking break, Bill.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[riddler 0]

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In general, to suggest that one man (Clinton, Bush, Obama, or anybody else) can start or stop economic recessions is a bit short-sighted, IMO.

Ordinarily, I agree with that. The POTUS cannot directly control the economy, only influence it. The 2001 recession was mild, at best, a small dip, most of which recovered within a few months.

However, I do blame the current economic crisis entirely on the GOPs efforts to deregulate banking. For that, the current President is responsible, IMO.

Trapped on the surface of a sphere. XKCD

[riddler 0]

Just taking a historical look at recessions and Presidents since the 50s:

- Post-Korean War Recession APRIL 1953 - APRIL 1954 (12 months) - Eisenhower (Republican)

- JULY 1957 - APRIL 1958 (10 months) - Eisenhower (Republican)

- Recession of (1960 - 1961) Duration: 10 months - Eisenhower (Republican)

- Recession of (1969 - 1970) Duration: 11 months - Nixon (Republican)

- Oil Crisis: APRIL 1973 - APRIL 1975 (24 months) - Nixon (Republican)

- 1979 energy crisis and 1980's Recession APRIL 1980 - OCTOBER 1982 (30 months) Carter (Democrat)

- Early 1990's Recession JULY 1990 - APRIL 1991 (10 months) Bush Sr. (Republican)

- Dot-Com bubble Recession APRIL 2000 - OCTOBER 2001 (18 months): Clinton (Democrat)

- Late 2000's Recession DECEMBER 2007 - CURRENT Bush Jr. (Republican)

Judging from recent history, I'll be glad to get a non-republican in office so that the economy can get better.

Trapped on the surface of a sphere. XKCD

[kelpdiver 2]

there was also one in 1994.

Moreover, the Democrats were in power for only 20 years in your defined period, versus 36 for the GOP, so this looks like a rather primitive argument. I think the one looking a deficits or stock market return is much more effective than this one.

[mirage62 0]

Jezz, everything was Bush's fault. I figure we have about two weeks left of the Dem's gloating. 4 years of saying that it was all Bush's fault.

Then Hilary will save the day.

Kevin Keenan is my hero, a double FUP, he does so much with so little

[kallend 2,147]

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Jezz, everything was Bush's fault..

So you've seen the light at last.

Were you at Kaleidoscope?

...

The only sure way to survive a canopy collision is not to have one.