*sigh*
Again, we've been over this before.
A recession is defined as three consecutive quarters of negative growth. The economy was slowing and had two consecutive quarters in 2000. The third consecutive quarter of negative growth occurred within days of W. Bush's inauguration. While TECHNICALLY the official criteria to define it as a recession were met "on Bush's watch", Bush had just been inaugurated and had not implemented any policy, so clearly it was NOT Bush or his policies that caused the recession. that the circumstances that caused the recession occurred on Clinton's watch.
As did the housing bubble begun under Clinton from 1995-2006, that created the foreclosure crisis of 2008-2010. Mortgage lending practices that allowed millions of home mortgages to be created, for people who vastly lied about their income in no-money-down loans. And every attempt by Republicans was obstructed and demagogued by Democrats (see YouTube clip in my last post above) so that what began under Clinton was able to develop to its full destructive potential. Millions of foreclosures, and huge losses by banks on these foreclosures, that spread to other areas of the economy.
To the point that there was a TARP bailout to prevent the entire financial system from collapsing. That inefficiently mostly sat in accounts unused even 2 years after the 750 billion was legislated, and was inefficiently not used by the Obama administration, whose priorities in their Bolshevic revolution were Obamacare and "radical transformation of America", rather than the economy Obama campaigned to fix in 2008.
