Letter: 9 of last 10 recessions began with GOP president


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Originally Posted Online: March 06, 2012, 3:27 pm
Last Updated: March 08, 2012, 9:50 am
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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


















 



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  Today is Friday, July 25, the 206th day of 2014. There are 159 days left in the year.

1864 -- 150 years ago: Walter Jones, of Co, F 23rd Ky, volunteers, lost a satchel on the Camden road, yesterday, containing his papers of discharge from the army.
1889 -- 125 years ago: E. W. Robinson purchased from Mrs. J.T. Miller the livery stable on the triangle south of Market square.
1914 -- 100 years ago: A municipal; bathing beach was advocated at the weekly meeting of the city commission by commissioner Rudgren, who suggested the foot of Seventh Street as an excellent location.
1939 -- 75 years ago: Floyd Shetter, Rock Island county superintendent schools, announced teachers hired for nearly all of the 95 rural and village grade schools in the county.
1964 -- 50 years ago: The mercury officially reached the season's previous high of 95 about noon today and continued upward toward an expected mark of 97.
1989 -- 25 years ago: Fort Armstrong hotel once the wining and dining chambers of Rock Island's elite is under repair. Progress is being made though at a seeming snail's pace to return the building to a semblance of its past glory for senior citizen's homes.








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