I'm also a retired construction contactor and also live through the same period but it's interesting how differently we view the same events. I had been a registered Republican since 1958 and had been loyal to that tribe for 30 years until I began to waver after Watergate and then Iran Contra. By the time of Newt Gingrich's Contract for America I saw it as a contract on America , and Raygun's trickle down as trickle on Americans of the lower middle class variety and with the collapse of the Soviet Union predicted that US capitalism would meet the same fate probably in about 20 years and the financial collapse of 2008 seemed to bear that prophecy out but the Federal Reserve put off dooms day with $11 trillion in loans and guarantees of toxic assets and through purchasing $ 85 billion a month of federal treasuries to keep interest rates low so the banks can barrow the depositors money a zero and loan it at 6 % or better. That another go round for a while longer. I like my take on history better than yours

We were in a two year recession caused by the collapse of the S&L's , If the US was using all its barrowing power to fund welfare why did we go to war in Kuwait, Clinton raised taxes with the tie v**e in the Senate broken by Al Gore. That was the reason tax revenues increased. The interest rates were lowered by the Federal Reserve using their usual techniques to help stimulate the economy. And with the national deficit shrinking and interest falling the economy was stimulated. It didn't have s**t to do with welfare. one way or the other.
The flood of i*****l i*******ts began after the bracero program was stopped in 1964. Under that program Mexican workers were brought here to work and were issued green card signed a contract and had to return to Mexico when the work or picking season ended. After 1964 Latinos began jumping the boarder flooding into the US and working year round. Certain industries such as meat packing actively recruited workers in Mexico to be brought here to bust the unions. I*****l i*********n is not a recent phenomena It's been going on for the last 50 years. IN the San Francisco bay area once a manufacturing and construction union strong hold the unions have been wiped out from this activity, The only areas still union is the commercial construction in silicon valley and in the city of SF. What few houses built are built with scab immigrant labor, people who can't afford to buy the homes they build. In the 195's 60's and 70's workers in housing were all covered with wages, vacation pay, health insurance, and a pension plan. That's all gone with the wind. Today if a worker doesn't like the price to contractor want's to pay he can keep moving and the next hungry son a b***h that comes stumbling down the road will take it with no benefits.

Wisconsin State Senator Lena Taylor, a Democrat from Milwaukee, has a big problem with the budget cuts being proposed by the state’s Republican-controlled legislature. So big a problem, in fact, that she was inspired to compare it to violent sexual assault.

“For years, individuals who sit on this committee and in this building have known that they have been raping the children of MPS,” said Taylor. “I get it. The word ‘rape’ sounds offensive, but when you consider the fact that 15 out of 100 kids can read on grade level while $89 million have been skimmed from the education of kids, and that you don’t invest it, in even the crisis areas, who are you fooling?”

Republicans accused her of adding fuel to an already incendiary debate, but Taylor stuck to her comparison amidst the controversy. One might think that Wisconsin conservatives were trying to re-institute segregation or perhaps put corporal punishment back in public schools. But no. Taylor is upset because the legislature wants to impose a state takeover of the lowest performing schools and turn them into private schools or charter schools. They also want to expand school choice programs, giving Wisconsin families a bigger voice in their children’s’ education. Oh, and they want to make students pass a civics test before they graduate. The horror!
- See more at:[ http://totalconservative.com/democrat-compares-school-choice-to-rape/#sthash.FAZBeJuL.dpuf]

You know what pisses her off. Unions lose out . Oh Boo Hoo. Not a hard choice Children lean Union lose.

You seem to be reflecting on the wrong period. Or perhaps your business suffered a downturn that nobody else did. We won't speculate on that.
Please note that the short recession came almost immediately AFTER the full implementation of the Contract AGAINST America.



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YOU ARE HEREHome → Economy → Recessions in the US Since the 20th Century and Wh ...
Recessions in the US Since the 20th Century and What Caused Them
By Staff on October 3, 2013 Economy 0 comments


Recession is defined as the deterioration of a country’s economic activity for two successive quarters. The United States, although widely considered as an economic power, has not been immune to the scourge of recession. In fact, the nation has experienced a number of economic setbacks since the beginning of the 1900s. Here are the various instances of recession that took place in the US since the start of the 20th century and the reasons why they happened.



The Great Depression

Occurring from August 1929 to March 1933, the Great Depression was regarded to by experts as the worst downturn in the history of the United States. Lasting for a total of 43 months, the GDP declined by a whopping -26.7%, while the unemployment rate skyrocketed to 24.9%. The Great Depression was brought about by these factors: the crash of global stock markets, the collapse of American banks, and the emergence of new and extensive tariffs.

Recession in 1937 to 1938

While it is not as worse as the Great Depression, this 13-month event is considered as one of the most dreadful slumps of the 20th century, given the -18.2% decline in GDP, and the 19% peak unemployment rate. Three reasons are cited for this recession: tight fiscal policy after the New Deal, as a means to balance the budget; the Federal Reserve’s tight monetary policy; and the decline in business profits, resulting to a dwindling in investments.

Recession in 1945



Spanning from February to October 1945, this 8-month period saw a -12.7% decline in GDP, and a 5.2% rate of unemployment. This “end of the war” recession was caused by the t***sition from a battle period economy to a peacetime economy.

Recession in 1949

Although it was a brief and minor downturn, the recession of 1949 caused a minimal -1.7% decrease in GDP and a 7.9% hike in unemployment rate. Economists blame this 11-month spiral on the “Fair Deal” reform of President Harry Truman, as well as tensed government spending.

Recession in 1953

With a -2.6% drop in GDP and a peak unemployment rate of 6.1%, the 1953 recession is said to be caused by the separation of the Federal Reserve from the U.S. Treasury in 1951. As a result, the former implemented stricter policies which led to the 10-month depression.

Recession in 1958

Caused by the tightened monetary policy of 1955 and its subsequent easing in 1957, the 1958 recession resulted to sad economic figures, such as a peak unemployment rate of 7.5%, and a -3.7% decline in GDP.

Recession in 1960 to 1961

When the Federal Reserve decided to hike its interest rates, what t***spired next was the 10-month recession which started in April 1960 and ended in February 1961. While the GDP only decreased by -1.6%, the unemployment rate shot up to 7.1%.

Recession in 1969 to 1970

Considered as a mild recession, this 11-month period brought about only a minimal -0.6% decline in GDP. However, the unemployment rate remained high at 6%. Causes of this downturn are numerous, but to name a few– the rising inflation rate resulting from increased deficits, the fiscal tightening secondary to Vietnam war budget deficits, and the tightening of monetary policies or the Federal Reserve’s policy of increasing interest rates.

Recession in 1973 to 1975

This downturn, which spanned for 16 months, saw a -3.2% decline in GDP and a 9% hike in unemployment rate. The recession was brought about by OPEC’s decision to quadruple oil prices, as well as the heightened government spending for the Vietnam War. Further exacerbating the predicament was the oil crisis of 1973, and the stock market crash of 1973-1974.

Recession in 1980



This short recession, which started in January 1980, again was a result of the Federal Reserve’s plan to raise interest rates, to combat the inflation of the 1970s. While the GDP falloff was only -2.2%, the unemployment rate was considered high at 7.8%.

Recession in the Early 1980s

Lasting 16 months, the early 1980s downturn is what economists call as a “double dip” or “W-shaped” recession, which is characterized by a slump, followed by a brief period of growth, and another downturn before the economy manages to recover.

The cause of this recession is mainly the 1979 energy crisis, which forced a sharp hike in oil prices because of the new regime in Iran. The country also imposed a tightened monetary policy which decreased business spending, as an attempt to curb inflation.

As a result, the GDP shrunk by -2.7%, while the unemployment rate peaked at 10.8%, which is the highest rate by far in the history of American recessions.

Recession in the Early 1990s

A brief downturn lasting only 8 months, the recession of the early 1990s was characterized by a -1.4% depreciation in GDP and an increased unemployment rate of 7.8%. Three factors contributed to this event: the 1980’s debt accumulation, the oil price shock of the 1990s, and the rising rate of consumer pessimism.

Recession in the Early 2000s

Putting a halt to the economic growth of the 1990’s was this shallow 8-month recession, which led to a 6.3% increase in unemployment rate and a minute -0.3% decrease in GDP. Here are the factors that triggered this event, to name a few: the September 11 attacks, the Dot-com bubble collapse (Y2K scare), and the decrease in investments and business outlays.

The Great Recession

The downturn of December 2007 to June 2009 was one of the darkest chapters in the American economy, only next to the Great Depression. The GDP declined by as much as -5.1%, while the unemployment rate shot up to 10%.

The biggest cause of the Great Recession was the subprime mortgage crisis, which stabbed the American housing bubble. This, alongside increased food and oil prices, contributed to a global monetary crisis. As a result, the automobile industry collapsed, as well as several financial institutions, such as Lehman Brothers, AIG, Freddie Mac, Fannie Mae and Bear Stearns. In response to the 18-month downturn, the government came up with a fiscal stimulus package amounting to $787 billion and a bank bailout costing $700 billion.

References

http://www.cnbc.com/id/20510977
http://www.sjsu.edu/faculty/watkins/econhist.htm
http://www.financialsense.com/contributors/thomas-lisack/2011/07/15/history-of-economic-recessions-in-america
http://www.opednews.com/articles/A-HISTORY-OF-RECESSION-IN-by-mike-kohr-090213-845.html
http://respuestas.gobiernousa.gov/system/selfservice.controller?

You seem to be reflecting on the wrong period. Or perhaps your business suffered a downturn that nobody else did. We won't speculate on that.




CALCULATORSCAREER GUIDEINVESTINGPERSONAL FINANCEECONOMYWHAT CAN YOU DO WITH YOUR DEGREECREDITDEBTCAREEREDUCATION
YOU ARE HEREHome → Economy → Recessions in the US Since the 20th Century and Wh ...
Recessions in the US Since the 20th Century and What Caused Them
By Staff on October 3, 2013 Economy 0 comments


Recession is defined as the deterioration of a country’s economic activity for two successive quarters. The United States, although widely considered as an economic power, has not been immune to the scourge of recession. In fact, the nation has experienced a number of economic setbacks since the beginning of the 1900s. Here are the various instances of recession that took place in the US since the start of the 20th century and the reasons why they happened.



The Great Depression

Occurring from August 1929 to March 1933, the Great Depression was regarded to by experts as the worst downturn in the history of the United States. Lasting for a total of 43 months, the GDP declined by a whopping -26.7%, while the unemployment rate skyrocketed to 24.9%. The Great Depression was brought about by these factors: the crash of global stock markets, the collapse of American banks, and the emergence of new and extensive tariffs.

Recession in 1937 to 1938

While it is not as worse as the Great Depression, this 13-month event is considered as one of the most dreadful slumps of the 20th century, given the -18.2% decline in GDP, and the 19% peak unemployment rate. Three reasons are cited for this recession: tight fiscal policy after the New Deal, as a means to balance the budget; the Federal Reserve’s tight monetary policy; and the decline in business profits, resulting to a dwindling in investments.

Recession in 1945



Spanning from February to October 1945, this 8-month period saw a -12.7% decline in GDP, and a 5.2% rate of unemployment. This “end of the war” recession was caused by the t***sition from a battle period economy to a peacetime economy.

Recession in 1949

Although it was a brief and minor downturn, the recession of 1949 caused a minimal -1.7% decrease in GDP and a 7.9% hike in unemployment rate. Economists blame this 11-month spiral on the “Fair Deal” reform of President Harry Truman, as well as tensed government spending.

Recession in 1953

With a -2.6% drop in GDP and a peak unemployment rate of 6.1%, the 1953 recession is said to be caused by the separation of the Federal Reserve from the U.S. Treasury in 1951. As a result, the former implemented stricter policies which led to the 10-month depression.

Recession in 1958

Caused by the tightened monetary policy of 1955 and its subsequent easing in 1957, the 1958 recession resulted to sad economic figures, such as a peak unemployment rate of 7.5%, and a -3.7% decline in GDP.

Recession in 1960 to 1961

When the Federal Reserve decided to hike its interest rates, what t***spired next was the 10-month recession which started in April 1960 and ended in February 1961. While the GDP only decreased by -1.6%, the unemployment rate shot up to 7.1%.

Recession in 1969 to 1970

Considered as a mild recession, this 11-month period brought about only a minimal -0.6% decline in GDP. However, the unemployment rate remained high at 6%. Causes of this downturn are numerous, but to name a few– the rising inflation rate resulting from increased deficits, the fiscal tightening secondary to Vietnam war budget deficits, and the tightening of monetary policies or the Federal Reserve’s policy of increasing interest rates.

Recession in 1973 to 1975

This downturn, which spanned for 16 months, saw a -3.2% decline in GDP and a 9% hike in unemployment rate. The recession was brought about by OPEC’s decision to quadruple oil prices, as well as the heightened government spending for the Vietnam War. Further exacerbating the predicament was the oil crisis of 1973, and the stock market crash of 1973-1974.

Recession in 1980



This short recession, which started in January 1980, again was a result of the Federal Reserve’s plan to raise interest rates, to combat the inflation of the 1970s. While the GDP falloff was only -2.2%, the unemployment rate was considered high at 7.8%.

Recession in the Early 1980s

Lasting 16 months, the early 1980s downturn is what economists call as a “double dip” or “W-shaped” recession, which is characterized by a slump, followed by a brief period of growth, and another downturn before the economy manages to recover.

The cause of this recession is mainly the 1979 energy crisis, which forced a sharp hike in oil prices because of the new regime in Iran. The country also imposed a tightened monetary policy which decreased business spending, as an attempt to curb inflation.

As a result, the GDP shrunk by -2.7%, while the unemployment rate peaked at 10.8%, which is the highest rate by far in the history of American recessions.

Recession in the Early 1990s

A brief downturn lasting only 8 months, the recession of the early 1990s was characterized by a -1.4% depreciation in GDP and an increased unemployment rate of 7.8%. Three factors contributed to this event: the 1980’s debt accumulation, the oil price shock of the 1990s, and the rising rate of consumer pessimism.

Recession in the Early 2000s

Putting a halt to the economic growth of the 1990’s was this shallow 8-month recession, which led to a 6.3% increase in unemployment rate and a minute -0.3% decrease in GDP. Here are the factors that triggered this event, to name a few: the September 11 attacks, the Dot-com bubble collapse (Y2K scare), and the decrease in investments and business outlays.

The Great Recession

The downturn of December 2007 to June 2009 was one of the darkest chapters in the American economy, only next to the Great Depression. The GDP declined by as much as -5.1%, while the unemployment rate shot up to 10%.

The biggest cause of the Great Recession was the subprime mortgage crisis, which stabbed the American housing bubble. This, alongside increased food and oil prices, contributed to a global monetary crisis. As a result, the automobile industry collapsed, as well as several financial institutions, such as Lehman Brothers, AIG, Freddie Mac, Fannie Mae and Bear Stearns. In response to the 18-month downturn, the government came up with a fiscal stimulus package amounting to $787 billion and a bank bailout costing $700 billion.

References

http://www.cnbc.com/id/20510977
http://www.sjsu.edu/faculty/watkins/econhist.htm
http://www.financialsense.com/contributors/thomas-lisack/2011/07/15/history-of-economic-recessions-in-america
http://www.opednews.com/articles/A-HISTORY-OF-RECESSION-IN-by-mike-kohr-090213-845.html
http://respuestas.gobiernousa.gov/system/selfservice.controller?

Fortunately for them - there WERE jobs to be had. Today? Not so much. As with almost everything, there are two sides to the issue. Needing jobs - jobs to be had and that equation isn't so easily solved.

It would be like saying that the solution to prison over crowding - is for folks to stop committing crimes. Sounds good, looks good on paper - but is hardly actionable. The vast bulk of the jobs added in the last several years have been part-time jobs and even of those, not nearly enough have been created. So, saying " you're off welfare - get a job" sounds good on paper and would be a step in the right direction - if there were enough jobs to be had. There aren't.

The Gov. will simply have to stop spending money it doesn't have - on things we don't need. More F35's isn't the answer. More drones isn't the answer. Congressional pay raises aren't the answer.