Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

bobnicewander

(979 posts)
4. Let us not go back to GOP controls
Mon Aug 26, 2024, 12:46 PM
Aug 2024

Extended Republican leadership preceded 2 of the Unite States (and the world's) financial collapses.

In the almost 98 years from May of 1919 through January of 2017 (when tRump was sworn in) the Republican party only controlled the law making of the United States for 2 extended periods of time. Both times their policies led to financial collapse.

They controlled both houses of Congress from May of 1919 through to the 1929 crash in October of 1929 (10 years, 5 months - the Presidency for 8 years, 5 months) and from January 1995 through to the crash in September of 2008 (13 years, 8 months - the Presidency for 7 years, 8 months). They had 2 chances to govern, both resulted in financial failures. No politicians or bankers went to prison after the 1929 crash and only 1 banker did so after the 2008 crash.

After the 1929 crash they were denied control of the Senate for 46 of the next 50 years and out of control in the House for 60 of the next 64 years. Hopefully the backlash to the tRump term will result in a similar history but without the financial prodding.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»BTRTN '24 Election Snapsh...»Reply #4