Response to Igel (Reply #21)
Sun Jul 8, 2012, 07:05 PM
Festivito (12,817 posts)
23. That recession was Republican fakery.
Republicans immediately began changing the definition of a recession recalculating years back to 1929 with their new rules.
Clinton's last month was so good that they could not find a way to use the usual rules of consecutive months with negative calculations, so, they loaded up December and October with good stuff and managed to get November down to a small tiny negative, mostly by making rules to round certain things down rather than rounding the numbers or just using the raw numbers. Then, they convoluted the rule to include non-consecutive months and Republicans had from January 20th to January 31st to make January a downer, and all the months that followed under Republican control were also made downers.
So, they declared that the recession started under Clinton in November, despite October and December showing wildly good GDP growth.
Except, Republicans never included the details of it starting in November, just that it started under Clinton and that Bush inherited it. The M$M just played along and never challenged it, and never will they.
The stock market usually takes a hit around March before a November election. It took another hit and dropped a good bit as the election controversy began.
Aside, it's not funny how that caused people to pull money out of stocks and put money into their houses instead.
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That recession was Republican fakery.
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