Did anyone notice....

[Pastor Larry]

Who was president leading up to the Great Depression began ...

Recession of 1980-1982
Ronald Reagan -- Republican

Recession of 1990-91
George Herbert Walker Bush -- Republican

The current crisis which may develop into a full blown depression, though I hope and pray not.
George W. Bush -- Republican

Not sure why you skipped the recession of the late 70s under Carter or the one of the late 90s under Clinton, unless it is because it doesn't support your point.

It appears to me that all the recessions in my lifetime happened during the times when Republicians were in office.

It appears that way only because you skip evidence.

Not one recession was while a Democrat was in office.

That is simply untrue.

Furthermore, Carter's recession was "fixed" by Reagan, as was the 80-82 recession. Bush I's recession was over by the time Clinton took office. The economy strengthened under Bush II until recent days and more information is coming out about how the Democrats were behind the failed housing loans.

 

[Andre]

...that the stock market has fallen like 750 points in the two days since we picked the zero ?

Historically, stock markets tend to drop after any presidential election.

 

[Crabtownboy]

Not sure why you skipped the recession of the late 70s under Carter or the one of the late 90s under Clinton, unless it is because it doesn't support your point.

It appears that way only because you skip evidence.

That is simply untrue.

I found a list of recessions online and the two you mentioned were not listed. There was an economic downturn in each care, you are right about that. Perhaps those downturns did meet the accepted definition of recession. I am not sure, but I was a bit surprised they were not there. I did overlook the recession listed for 2001 to 2003 ... of course G. Bush, a Republican, was the sitting president in those years.

Source: http://en.wikipedia.org/wiki/List_of_recessions

Find me a credible source stating that a recession occured during the term of a Democratic president and we will add it to the list.

There are some economists who call the recession in the early 1980's the So, I did not purposely leave a Democrat out. I simply did not find a source listing a recession during the years a Democrat was in office. Some call the recession in the early 1980's the Reagan-Volcker-Carter recession.

The 1981 recession is thought to have been caused by the tight-money policy adopted by Paul Volcker, chairman of the Federal Reserve Board, before Ronald Reagan took office. Reagan supported that policy. Economist Walter Heller, chairman of the Council of Economic Advisers in the 1960s, said that "I call it a Reagan-Volcker-Carter recession.[36] The resulting taming of inflation did, however, set the stage for a robust growth period during Reagan's administration.

 

[carpro]

Not sure why you skipped the recession of the late 70s under Carter or the one of the late 90s under Clinton, unless it is because it doesn't support your point.

Consider the source.

 

[Bro. Curtis]

It appears to me that all the recessions in my lifetime happened during the times when Republicians were in office. I was born after the Great Depression, but a Republican was in office prior to that also. Not a good track record BroC. Not one recession was while a Democrat was in office. Looks like Obama will inherit one.

And people who study history know America stayed in the depression for 7 years after Europe came out of it, and FDR's "fixes" are what did it.

The president can do nothing when blocked.

 

[Crabtownboy]

And people who study history know America stayed in the depression for 7 years after Europe came out of it, and FDR's "fixes" are what did it.
QUOTE]

Conjecture until you can show me a credible source. There are good arguments on both sides ... but where did you get you information that formed your opinion?

 

[Crabtownboy]

Consider the source.

Show us all a credible source that says otherwise. Your opinion certinaly will not sway anyone.

 

[carpro]

Show us all a credible source that says otherwise. Your opinion certinaly will not sway anyone.

My opinion is not an issue here.

The question is why you would use a source with a known liberal bias to try to make your point.

The other thing you overlook is that recessions often occur many months or even years after the events that actually caused them.

This current economic down turn is a perfect example.

It's roots were in the 90s.

 

[Dragoon68]

Fixing a disaster like George Bush won't happen overnight.

Creating the disaster involved the "best" efforts of Democrat policies starting with the New Deal and continuing right on to today. I call it social re-engineering whereby the reality of economics is ignored in favor of attaining some perceived gain in society. In this case it was "affordable home ownership" for "low income" and "minorities". It finally caught up with us in a very bad way. Now the same type clowns are trying to convince us they can fix it. Plus the people it was intended to "help" are hurt right along with all the rest of us. The "rest of us" are being hurt a whole lot more and it's not over yet.

 

[Crabtownboy]

My opinion is not an issue here.

You make a statement to disprove a thread, but it is opinion only, so it is an issue.

The question is why you would use a source with a known liberal bias to try to make your point.

Anyone and anything that you do not agree with is liberal. Show me a credible link proving your unsubstantiated point above.

The other thing you overlook is that recessions often occur many months or even years after the events that actually caused them.

And you miss the point, I did not place blame or give praise. I simply showed that history shows that all our depressions and recessions in the last 79 years have been when a Republican is in office. Each person can draw his/her own conclusion from that.

This current economic down turn is a perfect example.

Yep, Bush brought it on and also the greed of banks and the American people played a large part in it.

It's roots were in the 90s.

The roots go all the way back to Reagan.

 

[billwald]

How would the results any election correct the sellout of the last 50 years?

 

[carpro]

And you miss the point, I did not place blame or give praise.

Denial of the obvious is the same as lying.

The roots go all the way back to Reagan.

You have just proven the fallacy of you post.

 

[Crabtownboy]

Denial of the obvious is the same as lying.

Show me where I gave praise or blame. I simply showed dates and listed who was in office at that time. No denial there. I am still waiting for you to support your opinion with something other than ill infomed opinion. But I guess that is too much to ask.

 

[dragonfly]

And people who study history know America stayed in the depression for 7 years after Europe came out of it, and FDR's "fixes" are what did it.

It was FDR's "fixes" that saved the economy during Great Depression. You can continue to say these ignorant things if you desire, but it doesn't make them true. My father was a young man during the Great Depression, and I will take his first hand accounts over your conjecture any day!

 

[Bro. Curtis]

My dad was alive, too. But I didn't ask him. My research tells me FDR failed at every attempt to pull us out, and we fell way behind Europe in those years.

So you can call that ignorant, but you will see an exact repeat, coming up.

 

[Dragoon68]

It was FDR's "fixes" that saved the economy during Great Depression. You can continue to say these ignorant things if you desire, but it doesn't make them true. My father was a young man during the Great Depression, and I will take his first hand accounts over your conjecture any day!

FDR's "fixes" were the start of today's problems! His "fixes" have continued to be expanded since and yet we still have problems. He didn't "fix" anything else we won't have problems now. He just helped set the stage for worse problems.

Obama and friends are just going to make it worse long term. They'll cause all kinds of great sounding programs to be created and they'll all just eat up more of our earnings. The winners will be some more government workers and wards of the state. The losers will be those who actually produce tangible and valuable goods and services.

Government doesn't and can't create wealth but it sure can consume it. They prove it every time they try to disprove it!

Don't you see that these politicians keep promising they're going to fix every problem - lots of promises - but they never do? Don't you see that government is the worst example for how to run an economy? Don't you see that the boneheads in Washington don't have a clue what to do?

 

[tinytim]

JUST RELEASED.... Obama talks.. stocks falls....

http://news.yahoo.com/s/ap/20081107/ap_on_bi_st_ma_re/wall_street

The guy should keep his mouth shut...

 

[Revmitchell]

JUST RELEASED.... Obama talks.. stocks falls....

http://news.yahoo.com/s/ap/20081107/ap_on_bi_st_ma_re/wall_street

The guy should keep his mouth shut...

Its all those capital gains taxes coming.

 

[carpro]

My dad was alive, too. But I didn't ask him. My research tells me FDR failed at every attempt to pull us out, and we fell way behind Europe in those years.

So you can call that ignorant, but you will see an exact repeat, coming up.

My mom, a poor Texas farm girl and born in 1921, couldn't stand FDR.

His "fixes" were often cruel and hurt the poor the most.

The difference between the poor then and the poor now is that they knew it.

 

[Crabtownboy]

The Great Depression may have ended in Europe before in the United States, but the primary reason is not one we should hope is repeated in our generation.
The unfair Treaty of Versailles led to the rise of the Nazi Party in Germany. Germany ended unemployment through the huge expenditures for rearmament of their military. This led to huge expenditures in other European countries to counter the German military buildup. Of course, we all know this resulted in WW II ... not something we want to repeat.

My guess is that BroC. has read, or has heard of the book The Great Depression : Delayed Recovery and Economic Change in America, 1929-1939 by Michael A. Bernstein.