You may not have noticed that 2008 is the first election since 1928 with no incumbent running for either the nomination or in the general election. One of the things that slipped my mind until recently was the historic similarity between our two elections.

During the year of 1928 the worlds economies faced a downturn. On March 4th 1929 Herbert Hoover became president and just seven months later on October 29th 1929 black Friday began the Great Depression.