[Stallone]

Economists Say Recession Started in 2000

By Nell Henderson
Washington Post Staff Writer
Thursday, January 22, 2004; 1:34 PM

The last recession may have started in the last months of the Clinton administration rather than at the beginning of the Bush administration.



The panel of economists that serves as the official timekeeper for the nation's recessions is considering moving the starting date for the most recent economic decline back to November or December of 2000, a member of the group said today, confirming a report that appeared in The Wall Street Journal.

"We have discussed it already and there seems to be some inclination to move the date" to some time in the last three months of 2000, said Victor Zarnowitz. He is a member of the National Bureau of Economic Research's business cycle dating committee, which determines the widely accepted start and end dates to U.S. recessions.

[beckysueb]

I remember when President Bush was candidate Bush and was talking about the coming recession and the Rats said he was talking down the economy.

[the_Watchman]

My sister works placing temporary employees in the L.A. area. She said that positions started to dry up in the summer of 2000. She works on commission. She could see her paycheck drop.