July 18, 2003
Recession ended

In Case You Missed It, Recession Ended, in November 2001. This is the official line from the National Bureau of Economic Research, whose reports are considered the gold standard of US business cycle analysis.

As The Smarter Cop points out, Bush's initial tax cuts were first proposed during his first 100 days in office? Is there a link? It's certainly no less reasonable than all of the Democratic claims that the cuts have flushed our economy down the drain...

(UPDATE—18July/1:30PM—Altered verbiage to correct error regarding tax cut dates noted by Pietro in comments.)

posted on July 18, 2003 12:40 PM


Actually, I was slightly inaccurate. Bush introduced the tax cut on day 20, but didn't actually sign the bill until that June. So while the law wasn't passed during the first 100 days, it was certainly passed well before November.

posted by Pietro on July 18, 2003 01:02 PM

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