Lawrence Ari Fleischer, Press Briefing by Press Secretary Ari Fleischer… (2001)
“ Historically, slowdowns last a year, a year and a quarter. It's unusual for them to go beyond a year and a half. Combined with the six rate cuts that the Federal Reserve has put in place, combined with the tax cut that is now in place, that's delivering rebates, which will help stimulate spending, stimulate savings -- all of that is likely to give a spur to the economy. Exactly what month, what quarter, that's something for economists to speculate about. But the evidence -- in fact you said, economists don't think it will take place for three or four months. ”
