You mean they were able to predict that directly BEFORE the election? Bush came into office quite aware of the mess Klinton left for him intentionally.
So in a sense, I suppose you are right. The recession is due to a Republican in office. Because if Gore had enough of a chance to know beforehand that he would definately get into office, Klinton wouldn't have fucked everything up.
DO NOT blame this recession on Bush. He inherited it.
And as for the not watching the news bit - Cable channel news is a joke. All of it. CNN is absolute shit. I can stand Fox, but it makes more sense to get the news online, from people that aren't influenced by anyone but themselves, and are willing to point to real news stories on major news sites. The commentary is what is causing all the problems.