I'm checked around and adound to see just how often the United States has been in financial difficulty to the point of a depression or recession. Well I have to say... the Republicans have really been in charge of running our economic status into the ground... check it out...(props to Hip Hop is read)
1929-1939: The Great DepressionWho was in office? Herbert Hoover (Republican)
1953-1958: The Recessions of 1953 and 1957Who was in office? Dwight D. Eisenhower (Republican)
1973-1975: The 1973 Oil CrisisWho was in office? Richard Nixon (Republican) & Gerald Ford (Republican)
1980-1982: The Early 1980's RecessionWho was in office? Jimmy Carter (Democrat) & Ronald Reagan (Republican)
1990-1991: The Early 1990's RecessionWho was in office? George H. W. Bush (Republican)
2001-2003: The Early 2000's RecessionWho was in office? George W. Bush (Republican)
2008-????: The Economic Crisis of 2008?Who was in office? George W. Bush (Republican)
Here are some more facts to put this all into perspective:
Herbert Hoover (Republican) plunged the country into its worst economic crisis with interventions and policies such as the Smoot-Hawley Tariff Act, which exacerbated the threats of the Great Depression.
Franklin D. Roosevelt (Democrat) got the United States out of the Great Depression thanks in large part to The New Deal.
Bill Clinton (Democrat) attained a federal budget surplus for the first time since the late 1960's.
Under George W. Bush (Republican), the U.S. economy has dropped to new lows unseen since The Great Depression.