The Great Republican Hope

[dalakhani]

Originally Posted by pgardn

1.Which is why he won.
The war and numerous cases of lack of oversight in so many sectors did it.

2. That is a possibility but it still concludes in no second term.

We discussed the economy's role when you were still worried Obama might not win. Bush was a hero after 9/11. He was still good enough to win a next term even with a war going bad because the economy had not tanked.

We started the ass kickin before the economy really turned south.

The iraq war was preceeded by a recession.

Originally Posted by dalakhani

The iraq war was preceeded by a recession.

They did not know what to call it at the time.
I still have yet to hear a definition that everyone agrees on.
But it was clearly not the out and out crisis
we had before the election. Not even close.

[dalakhani]

Originally Posted by pgardn

They did not know what to call it at the time.
I still have yet to hear a definition that everyone agrees on.
But it was clearly not the out and out crisis
we had before the election. Not even close.

No one ever calls a recession a recession until its over. The only reason this time is different is because its lasted so long.

We were certainly in a recession in 2001. Thats what made them lower the fed funds rate to begin with.