If we look at the last 20 years whenever there is a Republican president within 2 years America ends up in recession. Don’t even go there that it is Obama’s fault. Welcome to the new recession.
Sold your stocks??
Bill Clinton repealed the Glass Steaggal Act in 1999, which played a major role in the banking/financial crises of 2008-2009. Recessions are set into motion many years before they happen and have a variety of inputs. In other words it’s naive to blame them on 1 party, and on the party in office when the recession occurs. (Full disclosure: I’m registered Independent and 98% of the time vote Democrat.)
It played a role but not a major role. Poor lending practices would've happened even with the Glass Steaggal Act in place. The banks that took the hardest hit were investment banks and not the commercial banks that took advantage of that partial repeal. I don't disagree that recessions are set into motion a lot sooner, but those in control can mitigate it a lot better than the preceding party. It's like outdated legacy code that's running in production may not be your fault. But those who wrote it could not see where technology is going years from when they wrote it. It was your responsibility to see where technology has changed and adapt that code to current technology. If you just let it run its course that's pretty much on you.
Are you even serious? The root cause of the 2008 recession is well documented. Don’t put a different color on it. And please these full disclosures are meaningless. No one cares. You can take as much shit you want.
What would you prefer instead? Like everyone takes a dump once in a while, things and stocks getting cheaper once in a while is necessary. Why is the term "correction" used instead of "falsification"?
OPs point is that the “correction” seems to always coincide with a republican president in office.
Ohh, I missed that political bias completely! So, Republicans make your economy take a dump once in a while, while Democrat focus on eating/growing large? What would you have instead? 40 years of Democrat rule, and just growth in prices, but no growth in wages? OP, are you saying there wouldn't be recessions if Democrats were in charge throughout the 20 years?
Hilarious whenever people like you comment on things you just have no idea about. You don’t know what causes a recession. You’re drawing some conclusion with 2 measly data points. You probably haven’t taken a basic Econ class to understand that recessions are bound to happen after periods of rapid growth. maybe if you knew what interest rates are, you’d know that Obama deserves a huge amount (or all) the blame of this recession. The zero interest rates led us to an unrealistic level of lending which we’re now paying for. But since you’re so sure of your bogus correlation, tell me a single thing President Trump might have done that would have caused this recession?
Starting a trade war Overheating the already hot economy with a giant tax cut for corporations Signing the huge spending bill The economy was put on a sugar high and now it’s crashing.
Did you know the President has no power over the feds setting the interest rates? Obama had nothing to do with the zero interest rate you are talking about. Stfu.
Gun sales go through the roof when Democrats are in office; does that mean Democrats are the root cause of gun violence? Politics and economies have correlation, but rarely causation.
source?
It’s like drug addiction. When Republicans come to power they clean things up. That is good, but first we must suffer withdrawal from the democrats drug addiction
I agree that republicans talk about “cleaning things up” and it even used to be part of the platform. But they never actually do anything resembling clean up. It’s always just unfounded tax cuts.
It's because investors know democrats are going to kick off frivolous investigations now that they have the house
Recessions and recoveries take time. You can never blame or give credit to one president. Example: Obama implemented policies to help alleviate the last recession but Bush policies also helped. Also: why am I bothering to discuss this? Everyone on Blind is a freaking troll.
Just representing the people. It's a good mix and shows how we all just have narrow views. That's why we get everything we deserve, including the government, economy, peace of life...
When you give massive tax cuts and couple that with reduced investment in the services that people need most while pumping 100s of billions of dollars into the military, you create the conditions for a recession
Tech Industry
14h
2000
How can my idiot brother who does real estate afford this
Tech Industry
Yesterday
9281
China CYBERATTACK on UK ? WTF
Layoffs
17h
2794
Half of Google employees and prolly also Apple Amazon Meta don’t do any work…
India
Yesterday
780
Who would win in a war? India vs USA?
Tech Industry
6h
1160
😞 Girlfriend help! 😞
I welcome our new recession overlords. it's a great buying opportunity in a variety of sectors, especially for those who want a house.
I only wish it were an actual recession and not rich brats exaggerating.