Originally Posted by Ron-MARS Trucking

Again simple economics. The recession from 1974-1981 was caused by the the Viet Nam war spending under Johnson which then became apparent during the Ford administration. Remember the WIN buttons? There was a mild recession during the Eisenhower administration due in part from the effects of the Korean war. WWII was a rare situation where going to war actually increased the GDP. This didn't occur during WWI, the Korean War, the Viet Nam War, and both Gulf Wars. WWII was the exception because the outbreak of the war coincided with a Bull market run that begun in 1941. Technology was a factor in the Bull's run. The street loves innovation and certainty. The Allies were a massive powerhouse in industry which carried the Bull higher.

I'll lay odds that the stimulation package to include the Fed loosening money will allow the economy to improve. If a Democrat happens to win in November, 6 mos. from that period the markets should have corrected and ride higher than were here they are now. The new administration will claim that their "program" stimulated the economy when in fact, it takes about 6 mos for the economy to feel th effects of stimulation or taxation as in the case of the Carter administration when Reagan became President.

We are in much better shape now than in 1981 when Reagan took the office. Prime was the highest in history. I remember I bought a 1981 F-150 for $10K at 21% interest.

We're no where near that situation. We have hit bottom according to many econmists and the up tick is beginning.

Oh, and as a side note IIRC my history, with the exceptions of the Civil War and both Gulf wars, all other wars and police actions took place under a Democrat.

Originally Posted by Roadmedic

The recession of 1974 to 1981 was not directly caused by the Johnson administration. Johnson left the government in 1968 when Nixon was elected. This was 6 years prior to the recession. The actual trigger was the oil embargo. This put the country on a sharp rise in inflation.
The major problem with this recession, is that neither party could get a handle on it or agree to what was needed. There was alot of political infighting that led to nothing.

Using your timetable of six months, then it would appear that the Republicans would have been responsible for 1974 to 1981. After all, if they can fix a stumble in six months, then they can cause one too.

As far as all wars being caused by Democrats except for those listed, please refer to history.

World War I, President Woodrow Wilson, a Republican, before and during.

Vietnam War, non combatant advisors sent in by Democrat Harry Truman.
Combatatants sent in by Eisenhower. Blossomed from there.

Before you get too excited, I was a Republican during those times. Now I am an independent who thinks for himself.

Originally Posted by Roadmedic

You got me on Woodrow Wilson. I checked the same location as you did, but must have misread about the parents and remembered incorrectly. This is going to bother me. I have to find out what I looked up.

There is no doubt about the spending habits of Johnson. However, the start of the recession is vague on the 1969.

I am not sure I would claim the recession in 1969. Their was a slowdown in the economy.

Wikipedia is not always perfect on the information that is contained there.

I relied on the studies I had in school during the economics classes that I took. After all these years, the brain cells may have lost their shine.

Originally Posted by Ron-MARS Trucking

Hey RM this isn't a competition, maybe a little debate.

I learned a valuable tool from my late Father-in-Law regarding "debates": Go to the other side's position because there may be some vital information from their stand point that I would miss from my biased viewpoint. At the very least, you motivated me to dig for information.

Wikipedia is not always the perfect source that's for sure.

Having some econ in background you'll remember the textbook definition of a recession: Two consecutive quarters with declines in the GDP and the stock market ect....That doesn't always apply but, it is an excellent tool determining our economic conditions.

Plus, I revel in researching. After all, my "part time job" is editing books for my wife's business.

Originally Posted by MO family man

Long as you guys are checking facts thought I'd help.

Viet Nam advisers sent in by Kennedy not Truman, war escalated by Johnson, American involvement ended by Nixon. I don't argue the merits of any of them.

Korea began during Truman administration, (Not that he "Started" it), ended by Eisenhower.

I don't have sources to cite, I just tried to pay attention in school.

Originally Posted by MO family man

I have a sure fire stress free way of getting my taxes done...I let my wife deal with it. Friggin' chiselin' gov't.