The last 4 Recessions. Note who was president when they started.

Jarod

Jarod

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πŸ“‰​



1. July 1990 – March 1991​


  • πŸ“‰ Duration: 8 months
  • πŸ’Ό President: George H. W. Bush (Republican)
  • πŸ“ Cause: Tight monetary policy to fight inflation, oil price shock from Gulf War I, savings & loan crisis.


2. March 2001 – November 2001​


  • πŸ“‰ Duration: 8 months
  • πŸ’Ό President: George W. Bush (Republican)
  • πŸ“ Cause: Dot-com bubble burst, 9/11 attacks, corporate scandals.


3. December 2007 – June 2009 (The Great Recession)​


  • πŸ“‰ Duration: 18 months
  • πŸ’Ό Presidents:
    • George W. Bush (Republican) – start
    • Barack Obama (Democrat) – took office in January 2009
  • πŸ“ Cause: Subprime mortgage crisis, financial collapse, global credit crunch.


4. February 2020 – April 2020 (COVID-19 Recession)​


  • πŸ“‰ Duration: 2 months (sharpest drop since WWII, but shortest recession)
  • πŸ’Ό President: Donald Trump (Republican)
  • πŸ“ Cause: COVID-19 lockdowns, global economic shutdown, supply chain disruption.
 
Jarod said:

πŸ“‰​



1. July 1990 – March 1991​


  • πŸ“‰ Duration: 8 months
  • πŸ’Ό President: George H. W. Bush (Republican)
  • πŸ“ Cause: Tight monetary policy to fight inflation, oil price shock from Gulf War I, savings & loan crisis.


2. March 2001 – November 2001​


  • πŸ“‰ Duration: 8 months
  • πŸ’Ό President: George W. Bush (Republican)
  • πŸ“ Cause: Dot-com bubble burst, 9/11 attacks, corporate scandals.


3. December 2007 – June 2009 (The Great Recession)​


  • πŸ“‰ Duration: 18 months
  • πŸ’Ό Presidents:
    • George W. Bush (Republican) – start
    • Barack Obama (Democrat) – took office in January 2009
  • πŸ“ Cause: Subprime mortgage crisis, financial collapse, global credit crunch.


4. February 2020 – April 2020 (COVID-19 Recession)​


  • πŸ“‰ Duration: 2 months (sharpest drop since WWII, but shortest recession)
  • πŸ’Ό President: Donald Trump (Republican)
  • πŸ“ Cause: COVID-19 lockdowns, global economic shutdown, supply chain disruption.
Click to expand...
Democrats always rescue American after Republicans try to crash it. Clinton did it after Bush I. Obama did it after Bush II. Biden did it after trump I.

Anyone seeing the pattern?
 
Jarod said:

πŸ“‰​



1. July 1990 – March 1991​


  • πŸ“‰ Duration: 8 months
  • πŸ’Ό President: George H. W. Bush (Republican)
  • πŸ“ Cause: Tight monetary policy to fight inflation, oil price shock from Gulf War I, savings & loan crisis.


2. March 2001 – November 2001​


  • πŸ“‰ Duration: 8 months
  • πŸ’Ό President: George W. Bush (Republican)
  • πŸ“ Cause: Dot-com bubble burst, 9/11 attacks, corporate scandals.


3. December 2007 – June 2009 (The Great Recession)​


  • πŸ“‰ Duration: 18 months
  • πŸ’Ό Presidents:
    • George W. Bush (Republican) – start
    • Barack Obama (Democrat) – took office in January 2009
  • πŸ“ Cause: Subprime mortgage crisis, financial collapse, global credit crunch.


4. February 2020 – April 2020 (COVID-19 Recession)​


  • πŸ“‰ Duration: 2 months (sharpest drop since WWII, but shortest recession)
  • πŸ’Ό President: Donald Trump (Republican)
  • πŸ“ Cause: COVID-19 lockdowns, global economic shutdown, supply chain disruption.
Click to expand...

11 of 13 recessions since WW2 have originated during Republican administrations.

That's too much data to be a fluke.
 
Cypress said:
11 of 13 recessions since WW2 have originated during Republican administrations.

That's too much data to be a fluke.
Click to expand...
And the MAGA do NOT like real data and definitely do NOT like FACTS.
The Republicans are the ones that run us into recessions and it takes a DEM to come in and get us out of it.
I wonder who is going to be the next one .
Sure looks like they are really going to have their hands full this time, Trump is doing a really good job of fucking things up this time,
Some economists are saying this time we could end up in a really DEEP recession or even a depression.
I pity the next Dem President that has to get us out of Trumps massive mess.
 
Tbird19482 said:
And the MAGA do NOT like real data and definitely do NOT like FACTS.
The Republicans are the ones that run us into recessions and it takes a DEM to come in and get us out of it.
I wonder who is going to be the next one .
Sure looks like they are really going to have their hands full this time, Trump is doing a really good job of fucking things up this time,
Some economists are saying this time we could end up in a really DEEP recession or even a depression.
I pity the next Dem President that has to get us out of Trumps massive mess.
Click to expand...

Based on my observations of MAGA morons, I'd say most of them would rather be destitute and living on the street, than ever openly admit they might have made a mistake electing Trump.
 
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