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To: TwelveOfTwenty
The Dems will attempt to run on that if they can't run on Obama's record. Indeed, this shows they already are running on the memory of "Clinton's economy". We need to have answers ready.

Ask and ye shall receive. Here is the answer to their running on the "Clinton economy."

During the election cycle of 1992, George H.W. Bush lost his job after Bill Clinton hammered him relentlessly for having caused the “worst economy of the last 50 years.”

In fact, as CNN’s Brooke Jackson has reported: “Three days before Christmas 1992, the National Bureau of Economic Research finally issued its official proclamation that the recession had ended 21 months earlier. What became the longest boom in U.S. history actually began nearly two years before Clinton took office.” See (See http://www.cnn.com/2001/US/10/31/jackson.recession.primer.otsc/).

By the same token, Clinton is generally perceived as having a stellar economic record during his own presidency, in spite of the fact that the economy was already starting to decline during the last year of his term after the stock market crashed in March 2000. According to a report by MSNBC: “The longest economic expansion in U.S. history faltered so much in the summer of 2000 that business output actually contracted for one quarter, the government said Wednesday in releasing a comprehensive revision of the gross domestic product. Based on new data, the Commerce Department said that the GDP — the country’s total output of goods and services — shrank by 0.5 percent at an annual rate in the July-September quarter of 2000.” See: http://www.msnbc.msn.com/id/3676690/ns/business-stocks_and_economy/t/gdp-figures-revised-downward/.

28 posted on 05/31/2012 4:58:16 PM PDT by Maceman
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To: Maceman
Ask and ye shall receive. Here is the answer to their running on the "Clinton economy."

Now you're talking. I'll add more, to Obama's favorite word, "inherited".

In 1981, Reagan inherited a miserable economy, double digit inflation, double digit interest rates, and the Cold War from Carter.

In 1993, Clinton inherited the tech boom and a growing economy, and the end of the Cold War from Reagan/Bush.

In 2001, Bush 2 inherited the start of a recession and Bin Laden from Clinton.

And in 2007, the Democrat majority Congress inherited 4.4% unemployment and DOW 14,000 from the GOP majority Congress.

Let's see if we can get all of this into a "Truth File". We know the DU'rs lurk here. Let's give them something to look at.

35 posted on 05/31/2012 5:31:21 PM PDT by TwelveOfTwenty (With choices like Palin, Cain, and Bachmann, what could go wrong? Now we know.)
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