It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by moxyone
I've met the President.
Have you?
from factcheck.orgIt's not quite true, as the ad claims, that Bush inherited "an economy already in recession (emphasis added)." It would have been accurate to say Bush inherited "an economy on the verge of recession."
The National Bureau of Economic Research, a non-partisan group of mostly academic economists, set the start date of the recession as March 2001, weeks after Bush took office on Jan 20. The NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."
To be sure, the rate of economic growth had slowed significantly at the time Bush took office, as the longest boom in US history drew to a close. Real Gross Domestic Product, a general indicator of economic performance, grew an an unimpressive annual rate of 2.1 percent in the final quarter of 2000, after actually contracting by half a percentage point in the previous quarter. But employment was still growing when Bush was sworn in, and the economy actually added 113,000 payroll jobs between January and March 2001, before starting to decline in April.
In fact, the NBER did not even make a determination that a recession had begun until 10 months after Bush was sworn in, and said that the downturn might not even have qualified as a recession until the attacks of September 11, 2001 exacerbated the nation's economic troubles. The NBER's Business Cycle Dating Committee said, "Before the attacks, it is possible that the decline in the economy would have been too mild to qualify as a recession. The attacks clearly deepened the contraction and may have been an important factor in turning the episode into a recession."
Text Any none wants to say it, but the last three-plus years prove that Bush isn't smart enough to be president.
as mentioned by ECK
All comments welcome
Originally posted by Seekerof
as mentioned by ECK
All comments welcome
Lets start with the mere fact that your topic incorporates a double-negative for starters....makes for a good two-sided conversation versus the directed one-sided conversation that your looking for or attracting...how thou8ghtful.
Let me see, Unfit or Unstable....hmmm, well, how about this?
Whose on the cover of that?
seekerof
Originally posted by Seekerof
Lets start with the mere fact that your topic incorporates a double-negative for starters....
Originally posted by MaskedAvatar
Bush is both unfit and unstable, but being unstable is only a small part of the reason for being unfit.