Write Review
1,979,157 Total Reviews 4,062 New Reviews
9,717 Users Online

Politics and Religion

Please explain something to me.
Poopdeck Pappy 23622 reads
posted

I saw President Bush on TV today. In part of his speech he said that the economy was beginning to pick up and then they hit us (referring to 9/11.01 and Al Qaeda).

Am I completely insane? Wasn't the economy doing great just prior to 9/11/01? I know that 2001 was a record year for my business and 2002 actually did well until the last quarter.

SO please tell me exactly what was President Bush talking about?
I really don't understand.

Hugh Jardon24539 reads

According to enconomists, the recession begin late in 2000.

ReplyQuoteReport
JBIRDCA21023 reads


The economy wasn't really good or bad, it was just floating.

If it hadn't been for 9/11, I suspect that the recession would have been a more gradual decline, perhaps leading to an even slower recovery.

The sudden shock and fear after 9/11 knocked the economy off the wall that it had been precariously balanced on.

ReplyQuoteReport
zinaval20386 reads

We already had the dotcom crash, and then the telecom crash.  Layoffs were already beginning.

/Zin

ReplyQuoteReport
Post Reply Back To Forum
Register Now!