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What Type of Economy Did President Bush Inherit?

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I was watching Karl Rove on Cavuto today and he said that unlike President Obama , President Bush did not go around complaining about the economy he inherited from President Clinton.

 

I guess 1999 was too long ago to remember. Was the economy bad when President Bush took over in 2000?

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Yes. The Dot Com bubble had burst (officially the date of the burst was 3/10/2000, but everyone knew that the paper was insupportable, and the December 1999 selloff triggered the collapse three months later). The recession was regionalized but very bad in many areas. Not as bad as Obama, but Rove is correct that Bush did not spend a lot of time complaining.

Yes. The Dot Com bubble had burst (officially the date of the burst was 3/10/2000, but everyone knew that the paper was insupportable, and the December 1999 selloff triggered the collapse three months later). The recession was regionalized but very bad in many areas. Not as bad as Obama, but Rove is correct that Bush did not spend a lot of time complaining.

 

To be fair though, there was only about a 9 month (out of 8 years) window there where he could complain.

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Yes. The Dot Com bubble had burst (officially the date of the burst was 3/10/2000, but everyone knew that the paper was insupportable, and the December 1999 selloff triggered the collapse three months later). The recession was regionalized but very bad in many areas. Not as bad as Obama, but Rove is correct that Bush did not spend a lot of time complaining.

 

Thanks. I guess I remember the run up and not how and when it ended.

To be fair though, there was only about a 9 month (out of 8 years) window there where he could complain.

 

Why?

Why?

 

Because there was an 88 month window where he couldn't?

Because there was an 88 month window where he couldn't?
Captain Obvious? Where's BF when you need him? :lol:
Why?

 

After September 2001 his presidency got swallowed up by something...I can't remember what though... :D

After September 2001 his presidency got swallowed up by something...I can't remember what though... :D

 

I'm still not following. I must be tired.

I'm still not following. I must be tired.

 

He's saying that after 9/11 Bush couldn't complain about what he was handed. Of course I sure don't remember him complaining the first 9 months either. But I guess complaining and blaming the previous President over a year and half later works for some Presidents.

He's saying that after 9/11 Bush couldn't complain about what he was handed. Of course I sure don't remember him complaining the first 9 months either. But I guess complaining and blaming the previous President over a year and half later works for some Presidents.

 

Not that he couldn't complain, just that he didn't have time to complain.

Not that he couldn't complain, just that he didn't have time to complain.

Of coarse he could have complained and he had plenty of time to. It just seems he looked for a way to fix the problem, whether you agree with them or not, instead of point fingers every time he got in front of a camera.

Not that he couldn't complain, just that he didn't have time to complain.

 

I figured it must be simple when Captain Obvious gets mentioned. I need to get a good night of sleep in I guess.

Captain Obvious? Where's BF when you need him? :lol:

 

I thought maybe it was a math question.:D

Of coarse he could have complained and he had plenty of time to. It just seems he looked for a way to fix the problem, whether you agree with them or not, instead of point fingers every time he got in front of a camera.

 

The economic "crisis" then was nothing compared to what it was now. Couple that with Bush starting two wars and the economy was really put on the backburner during his terms in office. And listen, I'm not a Bush basher. I think he was dealt a pretty raw hand in terms of events during his presidency. I think he made a lot of mistakes in office, but in general terms, he wasn't a monster like some want you to believe.

 

Bush inherited a budget surplus and effectively squandered in on wars. But the dotcom bubble had collapsed, to his credit. The economy wasn't in great shape, but Bush had much less to complain about than Obama.

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