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Wednesday, July 14, 2004

I keep hearing, again this morning on C-Span, to the point where my blood boils and I can't stand it any longer. What you ask? That the current administration inherited Clinton's recession!

Well, When Did the recession Start?

Definition of a recession:- A recession is 2 or more quarters of negative GDP growth.

GDP growth was positive during Clinton's last quarter in office.

The chart below clearly shows that the recession started in March 2001, so where's the beef? The official record of GDP growth is compiled by the U.S. Department of Commerce's Bureau of Economic Analysis. I wish these people (you know who they are) would stop misleading us.



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