Tell everyone where you see unemployment and 30 yr NOMINAL mortgage rates peaking, Hondo....
If you'e interpretation were true jimmy carter would have been reelected wouldn't he
to bad the majority of americans didn't agree with you nor your graph
remember "sugartits" the election of Regan spoke volumes about your boy carter
The right wingers lack of critical thinking and honesty, is amazing to see every day!
AGAIN NOT ONE of the Presidents in HISTORY ever had these events occur and YOU totally dismiss them!
TALK about LACK of CRITICAL THINKING!
Obviously when YOU can't admit that these events occurred and that they had a very large affect on the American psyche, economy
and over all growth of America you are NOT being HONEST!
You are stating that these events HAD NO Affect on growth of the USA? NONE?
These events had NO AFFECT is what you are stating!
a "RECESSION"... it doesn't just start the day NBER states... it is a slow degradation and it started under CLINTON!!!
Source:
USATODAY.com - It's official: 2001 recession only lasted eight months
A Major $5 trillion market loss Are you aware that the dot.com bust occurred and cost $5 trillion in market losses?
AND GUESS WHAT LOSSES shelter other income from taxes!
Again Clinton laid claim BUT someone had to pay and it occurred during Bush's first year!
$5 trillion in market losses MEAN lost tax revenue
PLUS JOBS!!!!
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source:
The dot-com bubble: How to lose $5 trillion
The worst attacks on the USA in History.. 3,000 deaths!!!
Obviously most of you are UNAWARE 9/11 cost 3,000 lives,
$2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Are you aware this happened???
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source:
10 Events That Rocked the Financial World
SO AGAIN you totally ignorant people like you don't seem to know
THOSE ARE BUSINESS LOSSES as well as NO INCOME coming in to the companies!
Remember the Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others. I lived through it and like millions had hesitation to open any suspicious envelope. That happened millions of times!
$1 trillion in losses due to the WORST Hurricane SEASONS in history.
Again idiots like you TOTALLY forget these were the worst hurricane SEASONS in history! The worst! No presidency every faced the following:
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005.
It took 1,836 lives and caused $81.2 billion in damages.
It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.
Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters | Weather Underground
These events HAD NO affect on people's lives, their income, their employment?