Economist had predicted whomever was elected president the U.S. was headed to a recession. Apparently the economy has not fully recovered from the last Bush recession, and if the U.S. were to have another we could have a possible depression.
Economic indicators lead one to believe their predictions are true. Economic growth has slowed for the past 5 quarters as has job growth. Banks are getting greedy and reckless with their building loans as they were in the past recession.
Republican presidents seem to rule recessions. As a result history could portend a bad omen for President-elect Donald Trump. Every Republican president since Teddy Roosevelt in the early 1900’s endured a recession in their first term, according to a recent analysis from a investment strategist at stock research firm CFRA.
Four Republican presidents suffered through two recessions while in office and Republican President Dwight Eisenhower presided over three. Meanwhile Democrats have largely skated past the recession quicksand. Four in five Democratic presidents saw no recessions during their terms since 1945.
While history isn’t gospel, the track record makes the odds of a recession during President Trump’s term all the more likely.
Oh well, Republicans will still have their guns.