So why would I post links that prove me wrong? What a dumb statement!
Why would you post links that prove you wrong?? You have to ask?
Because you really are as retarded as I say you are. You have no ******* clue what you're talking about and you're posting links without reading or understanding the content within them.
Perfect example... after being shown you were wrong when you falsely claimed the 2001 recession started while Clinton was president,
you posted this link...
...which
proves you wrong as it reads...
The 2001 recession began in March that year, so today's announcement makes it an eight-month downturn.
... do you see that?
Your own link proves you wrong. But as you say,
What a dumb statement.
I've not seen one of your links.
Of course you have. You just choose to ignore them. Like when I posted this link (
http://www.nber.org/cycles.html) ... proving a) the 2001 recession did not start under Clinton as you falsely claimed; and b) you're an ineducable lying imbecile who thinks if he repeats his lies enough, he may be able to fool someone, who doesn't know any better, into believing your lies.
Again you are like a little kid. Wahhh... recession start day NBER says so!!!
Recessions don't just start on the day the NBER says it does!
They start long before as did the Clinton RECESSION!
The first flaw, described
here and
here, is that President Clinton raised taxes and the economy boomed.
The flaw in the narrative is it ignores the passage of time—four years, to be exact.
The timeline matters. Clinton raised taxes in 1993 just as the economy was set to take off from a recession, and instead job and wage growth sputtered for four years. The famous Clinton era boom started four years after the tax hike, in 1997, and was triggered at least in part by the Republican tax cut of that year. Four years may seem like a detail, but details like this matter.
The second flaw marring the Clinton economic story is recession. President Clinton did not leave his successor a booming economy. He left President George W. Bush a recession. The recession began in March of 2001, two months after Clinton left office.
Even the most rabid leftist cannot blame George Bush for the 2001 recession.
It was the Clinton recession. Two Huge Flaws in the Legend of the Clinton Economy
But of course the MSM would NEVER report that after all:
In 1992, those same correspondents supported Democrat Bill Clinton over the incumbent Bush by a ratio of 9 to 2.
Among Washington bureau chiefs and congressional correspondents, the disparity was 89% vs. 7%, in Clinton’s favor.
In a 2004 poll of campaign journalists, those based outside of Washington, DC supported Democrat John Kerry over Republican George W. Bush by a ratio of 3-to-1. Those based inside the Beltway favored Kerry by a 12-to-1 ratio.
In a 2008 survey of 144 journalists nationwide, journalists were 8 times likelier to make campaign contributions to Democrats than to Republicans.
A 2008 Investors Business Daily study put the campaign donation ratio at 11.5-to-1, in favor of Democrats.
In terms of total dollars given, the ratio was 15-to-1.
Research on Media Bias - Discover the Networks
I also note ....
While I'm linking to the NBER, a non-partisan organization -- you're linking to the dailysignal.com, a highly partisan, highly conservative, highly biased website.
Just goes to prove how hypocritical you are. After whining incessantly about the MSM being biased toward Liberals, you turn around and rely on biased sources yourself. Seems bias doesn't actually bother you as long as the content is biased towards your ideology.
AND YOU MISSED the point entirely!
Just like a little kid you think when someone says The recession started 3/1/2001 that meant the day before 2/28/2001 there was no recession and wallah...
3/1/2001 a recession. Doesn't work that way you little kid!
Manufacturing’s downturn
started in late summer of 2000 and deepened in 2001,
as businesses sharply reduced spending on machinery, computers, and other capital goods.
However, retail sales and the housing market, both of which tend to be highly cyclical, held steady throughout most 2001.
Manufacturing’s downturn began in 2000, but worsened considerably in 2001.
This downturn followed a weak, short-lived period of expansion manufacturing.
In the fourth quarter of 1999, employment had barely begun to recover from the losses associated with the 1998 Asian currency crisis.
Even during that period, hiring was minimal, and by the third quarter of 2000, the job losses resumed.
By
late summer of 2000, U.S. automakers anticipated a decline in overall demand for new cars and light trucks. They responded by reducing both output and employment, and by sharply discounting new cars and light trucks.
These auto-related industries, moving in step with the automakers they serve, eliminated 9.5 percent of their workforce, or 29,000 workers.
The difficulties for primary metals manufacturers, like those of the auto industry,
date well before 2001, but worsened in 2001.
Capacity utilization fell from a
May 2000 high of 88.8 percent to a historic low of 60 percent. Yet, as fast as IT manufacturers cut output and payrolls, these cut- backs still lagged behind the plummeting demand for their products
View attachment 70992
http://www.bls.gov/opub/mlr/2002/02/art1full.pdf
SO do you need more help in comprehending that RECESSIONS don't just start when the NBER says they start!
The downturn started under Clinton as early as 1999!
Here... an analogy you might as a little boy comprehend. It takes an oil tanker about 3 miles to turn around. They JUST don't turn right away.
So to does an economy. It doesn't just start turning down when the NBER says so! It was happening in 1999!