Every Republican President Over The Last 100 Years Has Had A Recession
I’m not sure why we keep going through this faux economics exercise. Well, yea I am sure. Weak attempts to make political points. :-)
Recessions happen on average every 57 months, which is why almost all Democrat presidents over the last 100 years have had recessions, also. :-)
But the truly annoying factor in this polemic is that it assumes that we live in some sort of absolute monarchy where the President, and ONLY the President, is responsible for economic performance. This indicates not only a complete ignorance of the Constitution of the United States, which clearly passes the majority of economic management to the Congress, but it ignores all the other actors, forces, and players which lead to recessions. To wit:
- We have an (ostensibly) independent Fed, which in many ways caused the Great Depression, and which in most ways saved us from another one in 2008.
- The business cycle itself, where strong demand leads to fat inventories and staffing; and when demand lessens, causes a quick slide down to slow or no growth as those inventories are burned off.
- Acts of God, like 9/11 or the coronavirus, which cause a recession no matter what party is pulling the levers of government.
But, carry on with whatever crusade you think you’re on. :-)