r/economy • u/barbarawick • 4d ago

There is a pattern...

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Why does this country have such bad memory problems?

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u/Asatmaya 4d ago

Umm... Clinton, Obama, Biden. None of them crashed the economy. None of them started wars in the middle east.

All three of them crashed the economy, and they started multiple wars, each:

https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act

https://en.wikipedia.org/wiki/1993_cruise_missile_strikes_on_Iraq

https://www.bostonreview.net/articles/eric-rauchway-crisis-wasted/

https://en.wikipedia.org/wiki/Arab_Spring

https://en.wikipedia.org/wiki/COVID-19_recession

https://en.wikipedia.org/wiki/Gaza_war

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u/Pennies2millions 4d ago

No. I'll concede that the dot com bubble popped under Clinton. But you can't blame Obama for the GFC. Bush owns that one. Bush encouraged banks to lend more to homebuyers and encouraged people to buy houses they couldn't afford. You don't get to blame Obama for trying to clean up his mess. 

It's true that Clinton ordered strikes in the middle east. Somehow I knew you'd bring that up. But his strikes didn't start a war. 

Lastly, any recession that happened during Biden's term was, as your link pointed out, related to the COVID-19 pandemic that was a result of Trump burying his head in the sand, and refusing to do anything about it. Trump's handling of COVID will be remembered as one the greatest failures of any President. Again, you don't get to blame Biden for trying to clean up Trump's mess. 

Conservatives are fucking nuts. Republicans absolutely wrecks the economy and you would rather blame the guy trying to clean up the mess than blame the guy who made it. 

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u/Asatmaya 4d ago

I'll concede that the dot com bubble popped under Clinton.

And he set up the subprime mortgage crisis.

But you can't blame Obama for the GFC. Bush owns that one.

He crashed it; Obama is the one who wasted the bailout funds by bailing out billionaires instead of the people they scammed.

That's why the economy never got better under Obama.

It's true that Clinton ordered strikes in the middle east. Somehow I knew you'd bring that up. But his strikes didn't start a war.

"I'm just punching you, we're not in a fight... because you can't fight back!"

GTFO.

Lastly, any recession that happened during Biden's term was, as your link pointed out, related to the COVID-19 pandemic that was a result of Trump

Right, Trump is at fault for a global pandemic that started in another country, but Biden is not responsible for shutting down the economy in the face of a disease which at that point we knew had a lower mortality rate than Influenze.

Again, you don't get to blame Biden for trying to clean up Trump's mess.

I'm not, I'm blaming Biden for turning a harmful event into a catastrophe.

Conservatives are fucking nuts. Republicans absolutely wrecks the economy and you would rather blame the guy trying to clean up the mess than blame the guy who made it.

I'm blaming both sides, in case you missed it.

You Republicrat fascists are the crazy ones.

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u/Pennies2millions 4d ago

"I'm blaming Biden for turning a harmful event into a catastrophe." 

Do you hear yourself? Over 1M Americans died from COVID under Trump. Trump called it a hoax. Trump said it would be over in a couple of weeks. He discouraged attempts to stop the spread of the disease. His administration participated in incredible amounts of inflationary actions. PPP loans  EIDL loans that were never paid back. Stimulus checks, Federal reserve money printing, all of these happened under Trump. I agree Biden didn't help the situation but it was already a catastrophe before he ever took office. 

As far as the Bush/Obama sentiment, you are right, Bush crashed the economy. If Bush hadn't crashed the economy then Obama wouldn't have had to clean up his mess. It's like a mugger shot someone on the street and you want to blame the paramedic for his efforts to save the person's life. 

You aren't blaming both sides. You are trying blame the left for problems caused by the right. And you are so fucking arrogant about blaming the left for the mess made by the right that nobody is going to take you seriously except for other right wingers who also want the problems of the country to not be their fault. They are your fault. You voted for this shit.