Re: " Secondly being committed to a military nut house does not bar you from owning guns."
Back in the 20's and 30's there were a number of US Presidents (Commander in Chiefs) who did not have military experience. There have been a few others along the way as well, but not in groups like that, until recently. 3 of the last 4 Presidents have lacked military experience (and there are those that claim GW Bush's service wouldn't count - that's a different topic).
So the two worst downturns in the US economy were during strings of non-military CiCs. Yeah, correlation isn't causation, but digging deeper there would be interesting.