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For The Record

November 13, 2008

Presidents and the economy: An article in Section A on Nov. 6 about the financial crisis included a chart showing U.S. financial performance under various presidents. A column labeled "U.S. deficit or surplus" should instead have been labeled "increase or decrease in deficit." Here are the amounts by which the deficit went up or down during the terms of these presidents: Kennedy, up $1.4 billion; Johnson, up $20.4 billion; Nixon, down $19 billion; Ford, up $67.6 billion; Carter, up $0.1 billion; Reagan, up $81.4 billion; George H. W. Bush, up $135.2 billion; Clinton, down $527.3 billion; George W. Bush, to the present, up $691.7 billion.

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