Toro
Diamond Member
According to your logic, really lack of, the Stock Market Crash of 2000 and 9/11 had no detrimental effects on anyone, much less policy makers.
I never said that. Didn't even hint to it. Why don't you want to talk about the issue?
The economy slowed in late 2000 and went negative in 2001 twice, but not consecutively, therefore, no recession. The 9/11 attacks obviously had an impact, but even you agree we were growing again in 2002.
So if the economy was growing, even slowly, why did tax receipts go down in 2002 and then go down AGAIN in 2003? You can't argue that they didn't go down, so if you think it was NOT due to Bush's actions, then what caused the decline?
A recession is not defined as two consecutive quarters of economic contraction. A recession is defined as a broad slowdown in the economy. Or at least that's how the official recession dating committee defines it.