Actually, in 2000, we were heading into a recession anyways. With the dot-com bust and enron scandals--it wasn't a matter of if, but a matter of when we were going to get hit. Hard. If anything 9/11 speed things up quite a bit.
And blaming Clinton for 9/11 is more partisan BS. It is like blaming GWB for 9/11.
It's funny--people scream that Obama is spending his way out of this recession when that is exactly what GWB did as well. Only difference is we're in a severe demand side recession with extensive deleveraging. Only government spending could have prevented a depression.
I tell you--everyone wants a fast recovery and preaches gloom and doom if we don't recover faster. That is stupid and short-sighted. We'd better HOPE for a slow recovery. Consumer and business deleveraging, and increased savings is the best thing that can happen for our country. And yes, that will slow our recovery. Sometimes the medicine doesn't taste good, but we'll be better for it in the end.
Now we need to address the major issues facing our country---exponential cost increases for Medicare/Medicaid and other healthcare costs (which is a significant portion of our projected debt)--which is being addressed by Obama. And just as important, our trade imbalance--we need to produce something and quit relying on foreign imports for things like oil. Investments in alternative energy, etc. will help us (a) produce something the world needs and (b) decrease our cash outlays for foreign oil. We need to do more--but we can't do everything at once. Honestly, we have an administration that is actually looking far down the road--like a 4-5 moves ahead in the chess game. It is about time an administration has foresight. And to think he's being assailed by some for it. Astonishing short-sightedness. Even for this country.