Originally posted by 99blacksesport: Clinton did alot of dammage while he was in office, Bush inherited alot of bad from him; But no, Republicans don't blame all our problems on him, just the ones he actually created.
please advise us of all the economic 'damage' and 'bad' stuff clinton passed off to bush.
Both all and none. Clinton himself didn't pass on anything, just as he didn't do anything, just as Bush hasn't done anything BAD.
Bush's problems started in March of 2000 (before he had even won the Republican nomination...), when the Nasdaq peaked at over 5000 (5048 on March 10, to be exact). By the end of 2000, the Nasdaq was at 2500, HALF of its value. You blame Bush for that?? Within the first 3 months of his presidency the Nasdaq was down to roughly 1800. Bush couldn't have possibly been the cause of that. Its currently trading at almost 1900... not a huge increase over the term, but its a lot better than when the Nasdaq was flirting with 1000 in the last quarter of '02.
Definition of "Recession" is two consecutive quarters of a decrease in real GDP. The only two decreases in real gdp (according to the BEA), came in the FIRST quarter of 2001... again, when he couldn't POSSIBLY do anything about it, and the third quarter of 2001.
So what has Bush done right? In 3Q 2003, he posted a bigger quater-to-quarter gain than Clinton EVER did (7.4% vs. 7.3 max for Clin-tone).
