jreeves
Senior Member
- Feb 12, 2008
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jr
To clarify, because you may have missed it. The recession ran frmMarch of 2001 to Novemberof 2001 where we officially came out of the recession according to ALL economic measures.
This is why I am saying the tax cuts, not the rebate, but the rate cuts in our tax brackets did not come in to effect until 2002, which is AFTER the recession had already ended....so there is no way possible that the tax cuts could be the reason we came out of the recession of 2001.
I am not saying that the tax cuts did not help keep us above water, later on in 2002 or 2003 or 2004 etc....that, I don't know one way or the other...cause I have not done any kind of analysis on it!
care
http://en.wikipedia.org/wiki/Early_2000s_recession
The Early 2000s recession was felt in mostly Western countries, affecting the European Union mostly during 2000 and 2001 and the United States mostly in 2002 and 2003.
The market rebounded, only to crash once more in the final two quarters of 2002. In the final three quarters of 2003, the market finally rebounded permanently, agreeing with the unemployment statistics that a recession defined in this way would have lasted from 2001 through 2003.
Wikipedia seems to disagree with you...but I'm sure your right.