First section to introduce it

Recessions and 'Bombs' at the beginning

The terror attack on September 16, 1920 in the heart of the financial district of New York, in a recession, when more than 30 people were killed and hundreds injured by a horse-drawn-wagon-bomb, corresponds to the terror attack of September 11, 2001 in the heart of the financial district of New York, in a recession, when more than 2,600 were killed by commercial-airline-bombs. Housing booms followed peaking in 1925 and 2005 respectfully.

Hurricanes

Hurricanes also in Florida 1928 and New Orleans 2005 (cp. Lake Okeechobee/dike failure and Lake Pontchartrain/levee failure; etc.,).

"The immense horror of Katrina is all too familiar to the people who live along Lake Okeechobee in Florida, especially those who were alive during the great storm of 1928, before hurricanes even had names. That hurricane may have caused the highest number of black people killed in a single day in the history of the United States, at least before Katrina" (Buzzle Staff and Agencies, The Deadly History of Hurricanes and Lessons That Must Be Learned, buzzle.com, September 9, 2005).

To watch: double hurricanes 1926 and 1928 'hitting Florida and double hurricanes 'hitting' Louisiana 2005 and 2008? Hurricane Gustav to complete the double?

"The damage from the storm was immense; few buildings in Miami or Miami Beach were left intact. The toll for the storm was $100 million in 1926 dollars, just over $2 billion in 2005 dollars. It is estimated that if an identical storm hit in the year 2005, with modern development and prices, the storm would have caused $140–157 billion in damage. After the hurricane, the Great Depression started in South Florida, slowing recovery" (1926 Miami Hurricane, wikipedia). According to the same criteria Katrina caused $81 billion.

Historical rhymes may suggest when the yet-future 'big'correction will occur. The post below, including old posted material, suggests that 1987-1990 is a ripe rhyme for 2007-2010. Sarah Palin choice as McCain's VP adds to the 'rhyme'". Dow Jones top in 2009/10? - but then history repeats until it doesn't.

Politics and Economic-Demographic Shift

"The shift of America's centre of gravity, both demographic and economic, from the Northeast to the Southwest, was one of the most important changes of modern times.

"The economic-demographic shift brought changes in political power and philosophy. Since the mid-1960s, all America's elected presidents have come from the South and West: Johnson and Bush from Texas, Nixon and Reagan from California, carter from Georgia, and Clinton from Arkansas. The only Northerner, Ford, was never elected, (it is arguably that Bush was not a genuine Texan, but he claimed to be, in itself significant..." (Paul Johnson, A History of the American People, (London: Weidenfeld & Nicolson, 1997), pp.764-65).

Since the above book was published George W. Bush, from Texas, is included in the list.

George Bush Snr. was a Congressman from Texas from 1967-71.

Therefore in this article where you are from is governed by the area of a person's 'political' experience before running for President.

So in the case of Barack Obama, while he was born in Hawaii, the West, he is considered from the North as he is the junior Senator from Illinios.

Elected-President Former State

Lyndon Johnson Senator Texas

Richard Nixon Senator California

Jimmy Carter Governor Georgia

Ronald Reagan Governor California

George Bush, Snr. Representative Texas

Bill Clinton Governor Arkansas

George Bush Governor Texas

John McCain Republican candidate for President to fulfill precedent?

"Peter Hart, a Democratic pollster, suggests that McCain, nearing 72, "will look older and older" if he is matched against the youthful Obama. But he also notes that in 1988, when Democrats put forward Michael Dukakis as the "change" candidate of the younger generation, George H.W. Bush won by offering "stability in a time of transition"" (David S. Broder, "The Formidable McCain", washingtonpost.com, February 7, 2008).

"In July 1988, Michael Dukakis was hailed as a Democratic hero with a 17-percentage-point lead over George H.W. Bush; four months later, he was a loser..." (Nicholas D. Kristof, "Who Is More Electable?" nytimes.com, February 7, 2008).

The dollar's strength from mid-1988 to the November presidential election helped George Bush win the election. The present mid-2008 rally may continue and help John McCain win the 2008 presidential election.

John McCain, the present senior senator representing Arizona, would be following in the footsteps of former Senators Lyndon Johnson and Richard Nixon if he was elected President. He would also be following in the footsteps of George Bush, Snr., as a former Representative, becoming President.

George Bush Snr. and John McCain were former naval aviators; both were shot down in war and both were awarded the Distinguished Flying Cross.

Inexperienced Vice-Presidents

"[Sarah] Palin is the second woman to be chosen as a major-party nominee for vice president. The first, then-Representative Geraldine Ferraro of New York, was nominated by the Democrats in 1984.

"One Democrat drew an analogy to another vice presidential pick. Palin is a "more astounding and puzzling choice than the selection of Dan Quayle in 1998," Nick Allard, a Democratic strategist, said in a statement. Former Indiana Senator Quayle, then 41, came under attack for his lack of experience after being selected by then-Vice President George H.W. Bush.

""John McCain put the former mayor of a town of 9,000 with zero foreign policy experience a heartbeat away from the presidency," Adrianne Marsh, a spokeswoman for Democratic Party nominee Barack Obama, said in a statement" (Ken Fireman and Lorraine Woellert, "Alaska Governor Palin Picked as McCain Running Mate", bloomberg.com, August 29, 2008).