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 Wednesday, April 16, the 106th day of 2014. There are 259 days left in the year.
1864 -- 150 years ago: Yesterday some bold thief stole a full bolt of calico from a box in front of Wadsworth's store, where it was on exhibition.
1889 -- 125 years ago: A team belonging to Peter Priese got away from its driver and made a mad run across the Rock Island Bridge. The driver was thrown from his seat but not hurt.
1914 -- 100 years ago: Carlton Taylor was appointed district deputy grand master for the 14th
Masonic District of Illinois.
1939 -- 75 years ago: Moline's million dollar municipal airport was dedicated to air transportation and the national defense by Lt. Gov. John Stelle.
1964 -- 50 years ago: THE ARGUS will be election headquarters for Rock Island County tomorrow night, and the public is invited to watch the operation. The closing of the polls at 6 p.m. will mark the start of open house in the newsroom. Visitors will see staff members receiving, tabulating and posting returns.
1989 -- 25 years ago: Few bricks actually tumbled, but no one seemed to mind as about 1,000 people gathered to celebrate the formal start of demolition at the site of a downtown civic center.




(More History)