Conspiracy theorists may now add this one to the books: Months before the November election the Bush Administration covered up the 2001 Recession.
That’s right. Never happened. Didn’t start under Clinton. Did not exist under Bush. Recession? We don’t see a recession here.
Although the Department of Commerce revisions to the 2000-2001 economic data are probably legit, the timing will surely raise a few eyebrows among the “Bush Lied!” crowd. Because he’s either lying now about there not being a recession, or he was lying then, ginning up a recession so he could give tax cuts to his rich friends.
US 2001 Slump May Not Have Been Recession at All [Reuters]
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