We didn't have a recession in 2001?

[Whomever]

2001 Recession Milder

The revisions showed that the 2001 recession was less severe than originally estimated, reflecting a smaller decline in business investment. The economy actually grew 0.1 percent from the fourth quarter of 2000 to the third quarter of 2001, erasing the 0.2 percent drop previously reported.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNivTjr852TI

 

[Damocles]

Seems like Bush's reaction helped to patch that bubble nicely getting it all nice and ripe for the full burst effect of 2008.

 

[uscitizen]

Yeah according to the Bloomberg article the worst downturn since the Great Depression.
And worse than first thought 3rd quarter of 2008 -2.5% vs origional -.5%