Why is this recession different from all other recessions?

Posted by Kerim

April 21, 2003

The first President George Bush won the first Gulf War. A year later he lost the presidency because the economy was in the tank. Will the second George Bush suffer the same fate? There is one big difference that should work in his favour. The first Bush’s recession started after the first Gulf War, while the second Bush’s recession started before the second Gulf War. But the nature of this recession may remove the advantage.

Robert Reich explains why,

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