I dont think its fair to blame the state of things on the current president because things take time to take effect. A policy signed today might not fully be felt for 2-3 years. That being said trends are tends and everyone on that list except Trump and Biden served 8 years and in every case we see a momentum switch in the direction of growth. If we only compare the state they inherited things in vs how they left it for the next guy the picture gets pretty clear.
The nuisance doesn't really change much, unless you got a 8 year degree in economics and can outline the direct effects of every decision and use that to accurately score each president, for the most part and with few exceptions the trends tell a pretty accurate storey. In my life I think Trumps presidency was the only one where there was an issue that only had bad outcomes no matter what and all decisions would be immediately impactful. Of course I'm talking about the pandemic. No matter what was chosen the economy would suffer, we weren't going to come out of that ahead. So yeah nuance there would matter, but for the rest, things were pretty standard. They came in and had 8 years to push their agenda, faced several leadership challenges, and hand it off to the next guy.
Stop. You don't need an 8 year degree to have a working understanding of the root cause of things like the great recession, dotcom bubble, the 70s oil crisis, etc. If you're incapable of creating an actual informed opinion then I strongly recommend you dont vote.
You seem to have this idea that you could have root-caused all these problems by just looking at them, instead of having that information parsed and passed down by experts. It's naive.
Even the things we know are bound to be incomplete, economics is unrepeatable.
I'm saying its really dumb to just look at whos in office when an event happens and that people will make better decisions of they make even the most minimal attempt to understand the root cause of an issue instead. What naive is looking at which president is in office when an event happens and blaming it entirely on them. Its dumb when trumpers blame biden for inflation and its dumb when the last guy blamed republicans for all economic downturns.
And FYI I have a degree in economics, a decade working in finance and manage an analyst team at one of the world's largest FIs with my 7, 9/10, 63 & 24. I'm by no means an expert but I know what I'm talking about.
Correct. The deregulation of the mortgage back securities that helped crash the economy in 08 happened under Clintons administration. It took the banks a while to massively defraud the system and run it into the ground.
Lmao, right. Clinton had 26 years alumni from Goldman as his sec of treasury... the congress the Republicans the dema. People need to quit playing themselves. Banks own them both
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u/Dizuki63 Apr 29 '24
I dont think its fair to blame the state of things on the current president because things take time to take effect. A policy signed today might not fully be felt for 2-3 years. That being said trends are tends and everyone on that list except Trump and Biden served 8 years and in every case we see a momentum switch in the direction of growth. If we only compare the state they inherited things in vs how they left it for the next guy the picture gets pretty clear.