So says John Dean in his latest OpEd on FindLaw's website, the first of several parts on this subject. Deans says the only one that didn't come under a Republican Prez came when the Repub's controlled congress..
So basically they are batting a thousand at this point right?
Dean's writeup links to this NYT article which is titled: Maybe Too Little, Always Too Late. It's a chart that starts with the date the recession hit, the date it ended and when the Government finally passed legislation to right the sinking ship. It contains 8 different periods in our history, but back to what John Dean has to say:
Here are the recessions and their Republican presidents: August 1957 to April 1958 (Eisenhower), April 1960 to February 1961 (Eisenhower), December 1969 to November 1970 (Nixon), November 1973 to March 1975 (Nixon and Ford), July 1981 to November 1982 (Reagan), July 1990 to March 1991 (Reagan), and March 2001 to November 2001 (Bush II).
As we all have watched the stock market this week, thoughts of past major crashes have no doubt popped into the minds of many. Republican presidents oversaw them. Herbert Hoover, of course, was president when the great crash of 1929 occurred, and Ronald Reagan was president with the most recent serious crash - Black Monday in 1987.
The Republican Party has long been the favorite of the business world. But when one steps back to look at the facts objectively - as business leaders who want to remain in business must do, and now seem to be doing - the question must be asked: Is a Republican bias actually good business?
It's a good read, it lists 6 factors which show why businessmen and women are leaving the GOP. Check it out at the first link in this post.