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It's usually the other way around. Republicans cause recessions by deregulating and artificially boosting the market which causes a brief spike (that they love to take credit for) followed by a collapse. Business regulation promoted by democrats prevents big spikes, but also results in fewer dips: I.E. a healthy economy. Market history is proof enough of this. Bush contributed to a giant recession by deregulating, (and had to reintroduce regulations in a panic at the end of his presidency) while Obama increased regulations resulting in a slow but steady climb out of it, (in spite of Republican attempts at sabotage to try to prevent the economy from improving under a Democratic president.) Now Trump is deregulating again for that classic Republican market spike and conservatives are praying that what happened every single time in the past that Republicans attempted to gut the government and give big corporations free reign over the market doesn't happen this time.
What is that saying about the definition of "insanity," often attributed to Einstein?
That is not what history shows. Democrats are always in control of Congress when recessions begin, and they always make them far worse than they need to be. The recession of 1974-1984 began with Democrats controlling Congress and the newly created OPEC causing the price of imported oil to increase. Then Democrats made it much worse by spending ridiculous amounts of taxpayer money, increasing unemployment beyond 10%, creating long-term interest rates above 18%, and created completely out of control inflation. The price of fuel alone increased by 400% between 1974 and 1980, and it was effecting everything else.
Then in 2008 the Democrats once again controlled Congress when the recession begins, and they once again spend ridiculous amounts of taxpayer money on unconstitutional and illegal programs, all the illegal bail-outs and "Cash for Clunkers," just to name a few. Increasing unemployment beyond 10% once again, but thankfully we did not have the hikes in interest rates or inflation like we had during the 1974-1984 recession. Democrats killed the economy between 2008-2016. We were lucky if we could manage more than 1% growth in the GDP while Obama was President. The recession of 2008-2016 that was caused by Democrats was not as bad as the 1974-1984 recession that was also caused by Democrats.
Recessions are not caused by deregulation, they are caused by irresponsible spending by Democrats in Congress. Which is why they always begin when Democrats control Congress. Even the smallest recession from 1989 until 1991 was caused by Democrats who controlled both houses of Congress.
So unless Democrats manage to take control of both houses of Congress again, we don't have to worry about recessions for the foreseeable future.
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