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Actually the economy started going down while Clinton was still in office, it just takes awhile for the effects to show. Not that I'm saying Bush's administration has nothing to do with it... just that it didn't all originate with him.
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I would agree with that, however what idiot told Bush to go out and tell everyone we're heading into a recession (because GWB wanted to pass his tax laws)? The market is based on expectations, the oblivious small investor all of a sudden became jumpy because of that speech and sold their investments and went into the money market funds.
Then you pile on the fact that GWB is an "isolationist" and incompetent regarding foreign relations, we'll be lucky to get through relatively unscathed by 2004...