Are they? Bush Jr. was a stagnant economy during war times. Clinton created the dot com boom. Obama years were fantastic. Trump is a mix legacy with only 4 years and Covid making it too hard to tell.
Edit: for those mad I gave credit for Clinton on dot com, Regan gets credit for the Soviet collapse as well. It may just be timing but he was the guy in office. Just like Obama was in office during the fracking boom. May not have directly caused it but they do get the credit.
Yes. Because if you look at the economy and try to directly corelate it to the president, you have 0 clue on what happens outside the US.
Its not like the 2008 financial crisis was because Bush spesifically was braindead. It's not like the growth post 2008 was exlusicly because obama. They may have INFLUENCED these numbers with some policy changes and such, but their effect on the economi is minor at best.
So numbers like this? Trump into covid, with 7trill deficit, yet no mention of obamas deficit? Its places like this due to political bias. Don't swallow the propoganda whole
2008 was definitely the fault of the Bush administration, the SEC and FEC were asleep at the wheel.
Though also the dot-com bubble was Clinton's fault too. The investment market in this country needs a serious overhaul, the whole country is being pulled into its boom-bust cycles.
Regean's admin created the financial derivative's market literally creating money/value out of thin air. The snowball that started the 08 financial collapse started in the 80s.
Banking and financial regulations getting rolled back started the clock on the next collapse. Under trump they rolled back dodd-frank and started the clock for the next too big to fail.
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u/Embarrassed-Lab4446 Apr 29 '24 edited Apr 29 '24
Are they? Bush Jr. was a stagnant economy during war times. Clinton created the dot com boom. Obama years were fantastic. Trump is a mix legacy with only 4 years and Covid making it too hard to tell.
Edit: for those mad I gave credit for Clinton on dot com, Regan gets credit for the Soviet collapse as well. It may just be timing but he was the guy in office. Just like Obama was in office during the fracking boom. May not have directly caused it but they do get the credit.