Historical question: Has any other President been credited with 2 recessions during their

[Purveyor]

'occupation' of that office other than Bush?

[The Magistrate]

1. President Eisenhower Managed Three, Sir, If Recollection Serves

[frankenforpres]

2. FDR

first wasnt his fault, and first of * wasnt his fault either, it was the dot com collapse.

[JCMach1]

5. Actually it was *'s fault his proposed policies and what

he actually did turned what should have been a slowdown and a market correction into a full-blown recession.

[madrchsod]

3. here ya go...

http://www.marxists.org/history/etol/writers/vance/1958/03/recession.htm
T.N. Vance: The Eisenhower Recession (1958)


when i was a kid i remember my dad talking about the ike and his golfing while the country was in trouble...ya my dad was a democrat

[ingac70]

4. ...

An older man I worked with said the same thing about Eisenhower.

[Vinca]

6. In a related thought, isn't the reason 41 didn't win a second term

the fact the economy had gone in the dumper? We must be experiencing the Bush family magic touch and I have to say Shrub has outdone Poppy. Not only are our kids being sent into an unlawful war, their families are being kicked out of their houses while they're away.

[Zywiec]

7. Here's a list of recent recessions

- Great Depression (1929 to late 1930s), stock market crash, banking collapse in the United States sparks a global downturn, including a second but not heavy downturn in the U.S., the Recession of 1937. Durations: 43 and 13 months respectiviely.

- Recession of (1945) Duration: 8 months

- Recession of (1948 - 1949) Duration: 11 months

- Post-Korean War Recession (1953 - 1954) - The Recession of 1953 was a demand-driven recession due to poor government policies and high interest rates. Duration: 10 months

- Recession of (1957 - 1958) Duration: 8 months

- Recession of (1960 - 1961) Duration: 10 months

- Recession of (1969 - 1970) Duration: 11 months

- 1973 oil crisis (1973 - 1975) - a quadrupling of oil prices by OPEC coupled with high government spending due to the Vietnam War leads to stagflation in the United States. Duration: 16 months

- 1979 energy crisis - 1979 until 1980, the Iranian Revolution sharply increases the price of oil

- (1981 - 1982) Duration: 16 months

- Early 1980s recession - 1982 and 1983, caused by tight monetary policy in the U.S. to control inflation and sharp correction to overproduction of the previous decade which had been masked by inflation

- Great Commodities Depression - 1980 to 2000, general recession in commodity prices

- Early 1990s recession - 1990 to 1992, collapse of junk bonds and a credit crunch in the United States leads to one quarter of US GDP decline, and therefore not an official recession.

- Early 2000s recession - 2001 to 2003: the collapse of the Dot Com Bubble, September 11th attacks and accounting scandals contribute to a relatively mild contraction in the North American economy. Since the US GDP never actually declined in this period it is not considered an offical recession.