" In March 2001, the U.S. economy went into recession for the first time in ten years, according to the National Bureau of Economic Research (NBER.) NBER -- the private, nonpartisan organization whose business cycle announcements have long been considered the definitive word on the topic -- announced its determination on November 26, 2001:

    The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001. A peak marks the end of an expansion and the beginning of a recession. The determination of a peak date in March is thus a determination that the expansion that began in March 1991 ended in March 2001 and a recession began. The expansion lasted exactly 10 years, the longest in the NBER's chronology.

NBER's president, Martin Feldstein, was a Bush campaign adviser who has long been close to the Bush family, as the National Review's Lawrence Kudlow recently noted"

(From Don's link up thread).

I thought as much--the whole "inherited recession" line was a black PR stunt engineered by the Cheney-Rove Axis of Malpractice.


A