OK, what do you conclude from all that has happened since 1970? I conclude that the GOP is more responsible for shit economies and economic inequality. Period.
Why?
GOP recessions since 1970
84% of recession quarters happened under Republicans. Since ...
Since 1970, every U.S. recession has either begun under a Republican president or, in some cases, occurred entirely during a Republican administration. This pattern is well-documented by economic historians and official records from the National Bureau of Economic Research (NBER).
List of Recessions Under GOP Presidents Since 1970
Recession Start President (Party) Duration Key Details
December 1969 Richard Nixon (R) 11 months Unemployment peaked at 6.1% in Dec 1970; GDP contracted in late 1969 and early 1970, recovered in 1971.
November 1973 Richard Nixon (R) 16 months Triggered by oil embargo and energy crisis; unemployment and inflation rose sharply.
January 1980 Jimmy Carter (D) 6 months Not a GOP president, but followed by another recession under Reagan.
July 1981 Ronald Reagan (R) 16 months High interest rates to combat inflation; unemployment peaked at 10.8% in 1982.
July 1990 George H. W. Bush (R) 8 months Caused by oil price shock and restrictive monetary policy.
March 2001 George W. Bush (R) 8 months Dot-com bubble burst; recession began shortly after Bush took office.
December 2007 George W. Bush (R) 18 months Global financial crisis and housing market collapse.
February 2020 Donald Trump (R) 2 months COVID-19 pandemic led to sharp economic contraction.
Key Observations
All recessions since 1970, except the brief 1980 downturn under Carter, began under Republican presidents. The 1981-82 recession under Reagan is often viewed as a continuation of the 1980 Carter recession, driven by Federal Reserve policy more than presidential action.
Recession triggers have often been external or policy-driven: Oil shocks (1973, 1990), Federal Reserve interest rate hikes (1981), asset bubbles (2001, 2007), and the COVID-19 pandemic (2020) were major causes.
Statistical analysis shows a strong correlation: Of the 11 U.S. recessions between 1953 and 2020, 10 began under Republican presidents. From 1949–2013, 84% of recession quarters occurred under Republican presidents.
Summary Table
Year(s) President (Party) Recession Name / Trigger
1969–1970 Nixon (R) Mild recession, post-boom
1973–1975 Nixon/Ford (R) Oil embargo, stagflation
1981–1982 Reagan (R) Fed tightening, inflation
1990–1991 G.H.W. Bush (R) Oil shock, monetary tightening
2001 G.W. Bush (R) Dot-com bust
2007–2009 G.W. Bush (R) Housing/financial crisis
2020 Trump (R) COVID-19 pandemic
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