What causes recessions?

[OSR stands with Israel]

Two Consecutive Quarters of Negative Growth

[OSR stands with Israel]

Two Consecutive Quarters of Negative Growth

Question: "What causes night?"
Answer: "When it gets dark."

In that case, there is literally only one way that happens: The Sun setting

There are literally so many different factors that can cause a recession on the other hand so the technical answer is the only proper answer you can give to such an open ended question.

[OSR stands with Israel]

In the most simplest of terms demand cannot keep up with supply. This could be in the form of over investment as stated above or in the form of credit based consumption occurring against a backdrop of falling/stagnant wages/outsourcing and people finally exhausting their available credit leading to a demand pull back.

Both were factors in the 2007 recession.

That doesn't sound very Republican.

I am an anti-supply side, fiscal conservative. Basically what fiscal conservatism meant before the 1980's, actually paying for your spending.

You’re basically a Rockefeller Republican but weak on crime, right?

He’s too much of a cultural conservative to be a Rockefeller Republican