Be the First Kid on the Block to Spend Three Trillion Dollars!

Started by stephendare, May 09, 2008, 01:44:03 AM

RiversideGator

According to the National Bureau of Economic Research, the following periods were recessions in the US beginning with the big one:

August 1929 -- March 1933
May 1937 -- June 1938
February 1945 -- October 1945
November 1948 -- October 1949
July 1953 -- May 1954
August 1957 -- April 1958
April 1960 -- February 1961
December 1969 -- November 1970
November 1973 -- March 1975
January 1980 -- July 1980
July 1981 -- November 1982
July 1990 -- March 1991
March 2001 -- November 2001

http://www.nber.org/cycles/

RiversideGator

So, your contention is that recessions do not occur during Democrat Presidencies?  That is rich.   :D :D

Did it occur to you that there have been more recessions during Republican Presidencies since WW2 because Republicans have held the office the majority of the time?

BTW, I dont know how Nixon can be blamed for the recession of Dec, 1969 to Nov, 1970 since he just took office in early 1969.  He can certainly be blamed for the 1973 recession.  As for the January, 1980 recession, it is pretty hard to blame this on Reagan since he was not even in office until January, 1981.  And finally, the 2001 recession closely followed the end of the Clinton Presidency and was basically a consequence of the bursting of the dot com bubble.  So, things are not exactly as you stated.   ;)

RiversideGator

Quote from: stephendare on May 15, 2008, 11:21:41 AM
QuoteThe questions then become what is "fair", who defines what fairness is and what happens when this fairness ends up harming the larger economy thereby hurting the very people that the fairness was designed to help.

and btw, when something is 'fair', it isnt designed to be 'helping' any particular group.

Low taxes help everyone by spurring the economy.  To quote John F. Kennedy, Democrat icon: "a rising tide lifts all boats".   ;D

Midway ®

Quote from: RiversideGator on May 15, 2008, 02:56:57 PM
So, your contention is that recessions do not occur during Democrat Presidencies?  That is rich.   :D :D

Did it occur to you that there have been more recessions during Republican Presidencies since WW2 because Republicans have held the office the majority of the time?

BTW, I dont know how Nixon can be blamed for the recession of Dec, 1969 to Nov, 1970 since he just took office in early 1969.  He can certainly be blamed for the 1973 recession.  As for the January, 1980 recession, it is pretty hard to blame this on Reagan since he was not even in office until January, 1981.  And finally, the 2001 recession closely followed the end of the Clinton Presidency and was basically a consequence of the bursting of the dot com bubble.  So, things are not exactly as you stated.   ;)

This is rich. What a weak argument. But I give you a lot of credit for constructing your silk purse from a sows ear as best you could.

And BTW, using "Democrat" when you should be using "Democratic" is such an illiterate affectation, especially from one who should know better.

RiversideGator


Driven1

it did...until 2006 when the taxes were actually higher than in 2000 when Bush took office.  things started slowing then.