"Also of Note: Black Monday occurred during only one President's watch, Reagan. Had there been a change, perhaps it wouldn't have occurred, but who knows really?"
6 years (1981 -1987) is a considerable time... long enough to see the government in power, take responsibility for its own actions. This is what I love to see, as opposed to the innocent fledgling government get black named for prior government policy. I don't believe that the Kerry government can halt inflation... So let Bush explain it. As the unemployment rate fell to four percent and below, inflation began. How would electing Kerry halt this? All that would happen is a down period that would "piss-off" middle America - then the republican will launch an attack as in the 80's, which crushed Carters government.
And, yes Black Monday probably would not have occured under the democrats. As the republicans were responsible in rapidly increasing short term US interest rates, escalating US government debt, deteriorating US current account deficit. This is what pure monetarism achieved in a "credit" financed economy - Thanks for controlling inflation first Regan!
