Faun
Diamond Member
- Nov 14, 2011
- 124,326
- 80,954
Even the NBER is laughing at your ignorance. They say there was no recession when either Reagan or Bush became president...Nope, nearly all started during the Republican presidents' terms. And neither Reagan nor Bush inherited one. Both had recessions start under their respective terms.Republican presidents have recessions that were handed to them by Democrat presidents, like the Reagan recession, which was the result of 22% interest rates under the Carter administration, and the Bush 43 recession, which was the result of the tech bubble collapse that occurred at the end of the Clinton administration.Why go back only to Hoover? The fact is, there's been a recession under almost every single Republican president.Obamacare economy? LOL. These boys are chanting theology now. The gdp sucked for 8 years. Fail.
Bro -- every recession and depression we ever had was presided over by a GOP president starting with Herbert Hoover in 1929. What happens is this, the GOP, if they get
into power, remove all the stops that slows down the economy, like Dodd-Frank, EPA regs, tax breaks for 1%, etc. And the economy responds by tying a rocket to its body
and goes straight up and then crashes in about 6-7 years. The only GOP President that did not have a recession was Reagan, but if you were alive then, you might remember 18.5% interest rates and Volker increased the interest rate a full 1% to try to pull back the inflation. It wasn't until Clinton came in that it settled down a little. My message is this:
you are better off with an economy that grows at 2.5% than one that grows at a higher rate. The 2-2/1/2 % growth of the Democrats produces a much stronger economy that lasts. .
There are only two exceptions ... One was James Garfield, who served only six months as president; and the other is Donald Trump, who's been president for only 3½ months (so far). Neither having had enough time in office to send us spiraling into recession like every other Republican president.
ROFL, The collapse of the tech bubble started during the Clinton administration. That fact is irrefutable. Lib douche bags like you were gloating that the decline of the stock market during the last months of the Clinton administration were supposedly the result of the election recount.
Interest rates went to 22% during the Carter administration. Bringing those down caused the economy to go into a recession. That is the inevitable result of credit inflation.
http://www.nber.org/cycles.html