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Bush Amazingly Creates Recession In 39 Days

by Randy Barker

It's official. The National Bureau of Economic Research says so. The U.S. is in a recession, and has been since last March. The NBER says so despite the usual definition of a recession being two straight quarters of shrinking gross domestic product, something that hasn't happened yet. Only the third quarter has been negative so far, but economists expect the fourth quarter to be the same.

But what's really amazing is that George Dubya created this "recession" between January 20th, when he took office, and March lst, 39 days later. This is what the Democrats have begun saying in a warm-up for the 2002 mid-term election. Democrat Congressional Campaign Committee Chairwoman Nita Lowey has announced plans to make the just-confirmed recession an issue, and to blame Bush, and his tax cuts for it. Ms. Lowey also called the President's economic stimulus program "unpatriotic"

This is truly an audacious attempt at a big-time con job, one only a Democrat counting on the help of co-conspirators in the press, and arrogantly assuming utter stupidity on the part of the American people, would have the chutzpah to attempt.

Representative Nita Lowey and Senator Tom Daschle are betting that Americans will not be paying attention and accept their outrageous spin as fact. They're hoping that people won't know that this all started as a business recession which the NBER says began in October of 2000, during Clinton's regime. They're hoping that people won't know that Bush is still working under Clinton's budget, and that his tax cuts, which don't start until 2002, can't be the problem. (Those checks last summer were pre-rebates insisted on by the Democrats.) And they're hoping that people won't remember that Bush was warning of a slowdown, and maybe a recession, during last year's election.

The scary thing is, they'll probably get away with it.

And even though they know that the way to attack a business recession is to cut taxes on business, Senate Democrats will refuse to pass a real stimulus bill that has those provisions. To do that would mean the country would not be in a recession in November of 2002, and they want to avoid that at all costs. Even if it hurts the country.

Seemingly, everything Democrats do is cynically political. A case in point is Senator Patrick Leahy of Vermont, the head protector of terrorists' civil
rights, who refuses to allow the Judicial Committee to fill federal judgeships with Bush appointees. Meanwhile, the country's judicial system suffers. Leahy doesn't care. Democrat politics comes first.

If Usama bin Laden's henchmen are the ones who sent anthrax to Senator Daschle and Senator Leahy, I really question their intelligence. If I were
them, I would want to send lethal letters instead to politicians who wanted a strong American economy as soon as possible, a full cadre of federal judges, and a domestic energy policy that moves toward independence from Mid-East
oil.

And I'd certainly make sure to send a letter to any politician efficient enough to engineer a recession in 39 days and a virtual victory in Afghanistan in two months.

Excerpt from NotSo SERIOUS MONEY, a weekly online financial newsletter written by RandyBarker@aol.com