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PDF Editor FAQ

How would you describe the economy that George W. Bush inherited from Bill Clinton?

GW got a good economy that had been directed by a republican congress who worked with Bill Clinton.Soon after GW took office, the World Trade Center was attacked in the worst- most expensive loss of life in an attack by a foreign power. GW also was in office when Katrina destroyed NewOrleans -the natural most expensive natural disaster in American history. Later, the subprime mortgage crisis occurred and drove America into recession. The subprime issue came about as a result of Federal government requirements that came into effect in Clinton’s term… that resulted in loans being made to people who would not have been given loans in the past. The movie “the big short” depicts the type of people and the stupid risk takers involved leading up to the recession of 2008.…see? It’s all intertwined.1998 and 2000 were financially nearly identical but Clinton had a surplus and GW had a deficit. During Clinton’s economy businesses over reported profits to illegally inflate stocks. Trials put a stop to it….. then over the next few years those same companies revised their taxes (1040x) and the Bush government took the hit resulting in a deficit… yet the years were very similar.…it’s all intertwined….

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Relevant Resources of 1040x 1998

Form 1040X - Internal Revenue Service

1040X. * If the qualifying person is a child but not your dependent, see page 2. ... amount on line 1 is over: Last name. First name. ○ lived with you. 1999. 1998.

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