9) RECESSIONS
· 10 of the last 11 recessions in the United States have begun under Republican Administrations
|
BUSINESS CYCLE REFERENCE DATES |
DURATION IN MONTHS |
|||||
|
Peak Month (Peak Quarter) |
Administration at Peak |
Trough |
Contraction peak to trough |
Expansion trough to peak |
Cycle trough to trough |
Cycle peak to peak |
|
July 1953(Q2) |
Eisenhower (R) |
May 1954(Q2) |
10 |
45 |
55 |
56 |
|
Aug 1957(Q3) |
Eisenhower (R) |
April 1958(Q2) |
8 |
39 |
47 |
49 |
|
April 1960(Q2) |
Eisenhower (R) |
Feb 1961(Q1) |
10 |
24 |
34 |
32 |
|
Dec 1969(Q4) |
Nixon (R) |
Nov 1970(Q4) |
11 |
106 |
117 |
116 |
|
Nov 1973(Q4) |
Nixon (R) |
March 1975(Q1) |
16 |
36 |
52 |
47 |
|
Jan 1980(Q1) |
Carter (D) |
July 1980(Q3) |
6 |
58 |
64 |
74 |
|
July 1981(Q3) |
Reagan (R) |
Nov 1982(Q4) |
16 |
12 |
28 |
18 |
|
July 1990(Q2) |
Bush (R) |
8 |
92 |
100 |
108 |
|
|
Bush (R) |
8 |
120 |
128 |
128 |
||
|
Bush (R) |
18 |
73 |
91 |
81 |
||
|
Feb 2020(19Q4) |
Trump (R) |
April 2020(Q2) |
2 |
128 |
130 |
146 |
· Total number of months the Economy has contracted during Republican Presidents: 102
· Total number of months the Economy has contracted during Democrat Presidents: 11
o Note 5 months of 2009 ascribed to Obama
· Since World War 2, The US Economy has been in a recession for nearly 10 times as many months under Republican Presidents versus Democratic Presidents
Source: National Bureau of Economic Research
https://www.nber.org/research/business-cycle-dating
https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions
AO 08/23