Commerce Sec. on Paula Zahn: Clinton Recession????!!!!!!

[bigtree]

Secretary Evans, former oil roughneck-turned-Bush-toady,just claimed that Bush inherited a Clinton recession. He said it twice, so, this is the new talking point, probably for the next debate.

Where the hell was this supposed recession??? Is there anyone in America who's going to buy this?

The line from Bush in the last debate was that the stock market was losing value before he took office. He said it at least twice, so, that was his talking point excuse for his failed economy. Never mind that the market has continued to lose value since he assumed the presidency. Record job loss, wage gap widening. No 'wartime' president has ever overseen a net loss of jobs. No 'wartime' president has ever advocated or passed record tax breaks during a war.

I've never heard an administration spew more bullshit than this Bush bunch, not even Nixon. They will say and do anything to hold onto power. I feel like we've been taken over by the Politburo. We're under the yoke of a facist regime who has infected our politics with their revisionist mindwash. I'm waiting, pushing for the blowback. I'm waiting, pushing for these republican traitors to burn in hell.

[The Velveteen Ocelot]

1. I detect the stench of desperation.

They have nothing positive to offer. All they can do is attack and blame. I, too, am hoping and expecting them to fry, roast, and/or rot in hell.

[lancdem]

2. This isn't a new lie

They've been spewing this for awhile.

[speedoo]

3. If the shrub tries to say that tomorrow night, he'll lose the debate.

He's never accepted responsibility for anything and everyone except his hard core supporters know this now.

[Bozos for Bush]

4. Typical Right Wing lies

1. The stock market started going down in 2000 because Greenspan kept raising interest rates to slow the economy down.

2. He raised them too much, and growth turned negative in 2001, months after Bush had been sworn in.

3. Then he lowered them like crazy to try to get things going again.

The truth of the matter is, there was no recession. By definition, a recession is defined as two consecutive quarters of negative growth.

The economy began decelerating beginning in the third quarter of 2000, actually BEGAN contracting during the second quarter of 2001 and declined at a 1.3 percent annual rate in the third quarter. It grew in the 4th quarter.

So while Bush is correct if he says the economy slowed before he took office, he is lying when he says he inherited a recession - there never was a recession, and growth did not become negative until approximately May 2001.

Hopefully Kerry will point out his lies tomorrow night!