From the December 27 edition of CNN's State of the Union:
MATALIN: I was there, we inherited a recession from President Clinton, and we inherited the most tragic attack on our own soil in our nation's history.
Matalin's comments were documented by Think Progress.
Fact: 9-11 attacks occurred 8 months into Bush presidency, after Bush had received memo warning of Al Qaeda 's intent to attack
Attacks came eight months after Bush inauguration and more than a month after he had received a Presidential Daily Briefing titled "Bin Laden Determined to Strike in U.S." President George W. Bush was inaugurated on January 20, 2001, eight months before the September 11, 2001 terrorist attacks killed 2,973 victims in New York City;
Perino previously stated that "We did not have a terrorist attack on our country during President Bush's term." Matalin's claim about the 9-11 attacks follows former Bush White House
Fact: According to the National Bureau of Economic Research, recession began in March 2001 during Bush presidency
NBER determined that recession started exactly 10 years after expansion that began in March 1991, "the longest in the NBER's chronology." In March 2001, the U.S. economy went into recession for the first time in 10 years, according to the National Bureau of Economic Research (NBER). NBER -- the private, nonpartisan organization whose business cycle announcements have long been considered the definitive word on the topic -- announced its determination on November 26, 2001:
The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001. A peak marks the end of an expansion and the beginning of a recession. The determination of a peak date in March is thus a determination that the expansion that began in March 1991 ended in March 2001 and a recession began. The expansion lasted exactly 10 years, the longest in the NBER's chronology.
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