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The NBER's Business Cycle Dating Committee has already ruled the downturn began in March 2001 and ended in November 2001. But changes to economic data by the Commerce Department now show the economy first contracted in the third quarter of 2000, rather than the first quarter of 2001.
That's the third quarter -- back when all the Dems were sooo confident that the Gorebot would walk to easy victory. Now even the most biased Bush-hating liberal will have to admit that the recession wasn't Bush's fault. As if any president can be responsible for the economy in the first year of his presidency.
Blog post #1932 in category
Economics
posted 10 December 03