Letter: 9 of last 10 recessions began with GOP president


Share
Originally Posted Online: March 06, 2012, 3:27 pm
Last Updated: March 08, 2012, 9:50 am
Comment on this story | Print this story | Email this story
If a candidate for president promised to lead this country into a recession, would you vote for such a person? I doubt that anyone would. Therefore, it is important to know that all Republican presidents elected during your lifetime have one thing in common: they have all led this country into a recession.

Nine of the last 10 recessions our country has endured began with a Republican president in the White House. Only one recession, the shortest one, began under a Democrat.

Since 1953, Republican presidents were in office for 432 months; 99 months, or for 23 percent of that time, the country suffered a recession.

Conversely, since 1953, Democratic presidents were in office for 276 months, with 12 months, or 4 percent of the time spent in recession. Keep in mind, six of the 12 months counted against the Democrats were inherited from Republicans who left office during a recession.

Of the 111 months of recession occurring since 1953, those that began while Republicans were in the White House account for 105 months, or 95 percent. Of the 111 months of recession occurring since 1953, those that began while Democrats were in the White House account for 6 months, or 5 percent.

History tells us we are 19 times more likely to be in recession with a Republican president than we are with a Democratic President. This is because Democrats look out for the 99 percent of the people who drive our economy while Republicans represent the wealthiest 1 percent at the top. So if you want another recession, vote Republican. They deliver a recession every time.

(Source: National Bureau of Economic Research)

Jesse. J. Crouch,

Geneseo


















 



Local events heading








  Today is Friday, April 25, the 115th day of 2014. There are 250 days left in the year.

1864 — 150 years ago: Never in the history of Rock Island was there such a demand for houses as at present. Our city is suffering for the want of suitable tenement houses.

1889 — 125 years ago: The choir of Central Presbyterian Church presented a ladies concert under the direction of S.T. Bowlby.

1914 — 100 years ago: Miss Rosella Benson was elected president of the Standard Bearers of Spencer Memorial Methodist Church.

1939 — 75 years ago: Mrs. Nell Clapper was elected president of the Rock Island Business and Professional Women's Club.

1964 — 50 years ago: Gerald Hickman, of Seattle, Wash, will move his family to Rock Island to assume the position of produce buyer for the Eagle Food Center chain of food stores. This announcement was made today by Bernard Weindruch, president of Eagles.

1989 — 25 years ago: Care & Share, formed in 1984 to provide food to jobless and needy Quad-Citians, will disband because the major part of a crisis created by plant closings is over. Food for the needy is still necessary. So groups separately will continue to raise money and collect food.




(More History)