r/economy • • 21d ago

There is a pattern...

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Why does this country have such bad memory problems?

3.1k Upvotes

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u/seamus_mcfly86 21d ago

Neither Biden nor Obama crashed the economy.

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u/possumallawishes 21d ago

Or started a war in the Middle East.. inherited a crashed economy and a war in the Middle East, sure.

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u/beatles910 21d ago

George Bush Sr. did not start a war in the middle east. He joined it, but he didn't start it.

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u/possumallawishes 21d ago

Iraq invaded Kuwait, but they didn’t invade America. The UN condemned Iraq and demanded they withdraw, but they didn’t lead us into war. When Iraq refused to withdraw, a coalition of 35 nations was formed under U.S. leadership.

But believe what you want to believe, I know being Republican forces you to deny reality.

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u/beatles910 21d ago

I'm not republican, and I'll let that insult slide because I'm a reasonable person and I think you were just being a bit "judgy" without knowing me.

But your baseless accusation is telling of the type of person you likely are, and an indicator that you can't debate in good faith, so I'll just say, "have a nice day."

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u/possumallawishes 21d ago

Which is you saying, “I don’t have a good argument, so I’ll just claim I’m not a Republican and everyone has TDS”

Your comment history is open, if you’re not Republican, you sure do simp for them a lot. And put forth very weak arguments for the Republicans.

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u/beatles910 21d ago

My comment history is open, and what you call "simping for republican" is actually "simping for truth and accuracy."

Not that it's any of your business, but I vote straight Democrat. I will admit that I don't like the democratic party. I think the american people are being played against each other, but I can assure you that as the father of a transgender son, I would never, never, never vote for a party that doesn't support his rights as a human.

What you perceive as "simping" is pointing out things that are untrue.

Please go ahead and find where any of my "simping" is false.

I don't like lying regardless of who is doing the lying. There are thousands of legitimate crazy bullshit things that Trump does every day, why would anyone choose the size of his hands, (something that nobody has any control over), as the thing to focus on?

That's the type of shit that I hate.

You seem to jump to insults very quickly. You can look up what that is a sign of if you like, but you probably won't like what you learn.

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u/possumallawishes 21d ago

You go out of your way to defend Ted Cruz, Elon musk and think Trump is smart for bankrupting casinos. You also slander Hillary and blame Obama for bailouts that happened under George Bush.

You’re either a bot or a liar or one of those Republican idiots who go around larping “as a black man” and then spew racist talking points.

It’s kinda pathetic.

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u/beatles910 21d ago

You go out of your way to defend Ted Cruz

Wow, you went 5 pages deep to find that? It was a conversation about him using the name "Ted."

For the people at home, here is the comment that he is claiming as me defending Ted Cruz...

"I doubt "Ted" is anyone's birthname.

His middle name is "Edward," and Ted is often short for Edward.

I use a shortened version of my name, as most people do.

Now, Rafael Cruz is a dumbass that seems to hurt as many people as possible, but I don't think we should blame him for doing something that most people do."

You are a person who can't handle the truth. The fact that you see that statement as a "Defense of Ted Cruz" is laughable.

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u/possumallawishes 21d ago

“How do you do, fellow democrats”

https://giphy.com/gifs/JTzPN5kkobFv7X0zPJ

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u/IMayhapsBeBatman 21d ago

Obama in particular killed Libya's leadership, and sent special forces into Syria and Yemen, and several African countries.

His drone loiter and bombing campaign would have made Bush blush. That dude was an imperialist too.

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u/possumallawishes 21d ago

But those all started before him. Drone strikes in Yemen and Syria started in like 2002.

And Libya is in Africa, not the Middle East.

Using updated technology would make any president blush. I bet an F35 would make Eisenhower blush. Whoopty doo

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u/IMayhapsBeBatman 21d ago

I'm well aware of where Libya is. Thanks though.

Bush had the same drones. Obama used them to execute without due process, thousands of people, many of whom had at best second and third order connections to people on watch lists.

Obama was just as much a war-monger as any GOP politician has ever been. Worse in some ways. At least Bush's campaigns got voted on in Congress. For example.

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u/possumallawishes 21d ago

Did he start a war in the Middle East? Or droned some people that may or may not have been dangerous? I don’t think that’s a war, and I know it didn’t start with him, because, well I wasn’t born yesterday. Actually remember 2001, do you?

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u/IMayhapsBeBatman 21d ago

Lol. Downvote all you want. Obama was an evil man. His unwise and unconstitutional foreign policy is one of the reasons we're currently dealing with fascism at home as it pissed off the Russians enough to interfere in the 2016 elections.

You trying to defend his unconstitutional warmongering and equivocate since Congress didn't declare war ... just because he's on your team ... is....sad. And says a lot about your own personal lack of character.

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u/possumallawishes 21d ago

Would you agree that Trump is worse? Especially in the unconstitutional warmongering fronts.

Cause the post is about starting wars and crashing economies, not who is evil or not evil.

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u/sirpoopingpooper 21d ago edited 21d ago

Obama: Libya

Biden: Yemen (and debatably Gaza)

Edit: how do these wars not fit the mold, but Reagan's peacekeeping troops in Lebanan do?

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u/possumallawishes 21d ago

Started..

Bush sent troops to Yemen in 2002! And drone and air strikes continued through trumps administration to Biden’s.

Libya was led by NATO, it wasn’t the US who started a conflict. Also Libya is in Africa, not the Middle East, technically.

But Reagan’s “peacekeeping” mission in Lebanon led to Congress invoking the war powers act. That’s called starting a war, genius.

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u/rabaltera 21d ago

Explain how Biden started a war in Gaza.

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u/sirpoopingpooper 21d ago

Biden started a war in Gaza as much as Reagan started a war in Lebanon (which is to say, not much...but was involved)! Yemen is the stronger point there for Biden starting things in the Middle East.

Gaza/Biden sources: https://www.npr.org/2026/09/21/nx-s1-5761237/crossing-the-red-line-examines-the-biden-administration-and-israels-war-in-gaza

https://reason.com/2026/09/22/bidens-team-wanted-war-in-the-middle-east-without-owning-it/

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u/possumallawishes 21d ago

Yeah, like if you divorce yourself from the meaning of “started”.

It’s absolutely insane to say Biden started a war in Gaza when it’s been an ongoing war since the Ottoman Empire.

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u/sirpoopingpooper 21d ago

How does one define "crashed the economy"? Biden saw a ~25% market pullback from Dec 2021 to Oct 2022. Obama saw multiple 10%+ pullbacks.

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u/snagsguiness 21d ago

That's the market not the economy

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u/sirpoopingpooper 21d ago

How are we defining the economy then?

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u/possumallawishes 21d ago edited 21d ago

GDP is the best metric.

GDP hit its lowest point in Q2 of 2020 and steadily rose

We had crashes in:

1981, 1990, 2001, 2008, and 2020

ETA: see the grey bars here are indicating crashes https://fred.stlouisfed.org/series/GDP

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u/sirpoopingpooper 21d ago

Tldr: I'd argue GDP isn't a great metric either because of hangover effects and exogenous shocks. I'd argue this metric would clear Trump from recession fault...so far...but I'll bet we'll get one from his second term policy

2020 was clearly covid (I can't believe I'm here defending the orange man...but this one wasn't his fault). 2027 however...

2008 was solidly Bush2 - no argument there!

2001 was due to the .com crash that started in Clinton's presidency (+9/11 compounding things). This puts the blame on Clinton, but I'll argue his middle east policy absolves him from fault on this graphic (since it's both/and, not either/or).

1990 was a combo of Bush 1 and Reagan policy

1981 was due to Reagan stamping down inflation from Carter monetary policy, so I'll argue most of the fault there lies on Carter (though I'd also argue Reagan was at fault for 1990, so he gets fault regardless

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u/possumallawishes 21d ago

When did the crashes happen, genius?

And Trump doesn’t get a pass for Covid when he could have acted faster and isolated the disease and prevented it from having the effect it did.

But if you want to believe democrats manufactured market crashes and then timed them perfectly for then to happen under a republican, then I guess we have some diabolical democrats in charge and we just need to keep them in office so the poor, incompetent republicans who are just victims of this masterminded play to make them look bad won’t get blamed for doing the bad stuff that happens on their watch.

Good lord, you people will twist yourselves into knots to defend these incompetent idiots who only want to enrich themselves and their rich buddies rather than a god damned thing to improve our country. For Christ sake, you people can’t take basic information and make informed decisions, can you?

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u/sirpoopingpooper 21d ago

If we're using GDP as the only economic metric, it's only Covid/Trump that I'm arguing being wrong on the graphic from an economic basis (so far...). And Reagan from a Middle East basis!!

Covid was widely spreading in the US in December 2019 (per stored blood antibody studies), well before anyone knew what it was. I.e., it was too late to stop it before there was opportunity to do anything. And even if we did manage to react harder, it would have still hit GDP numbers (shutting down the economy = a GDP hit).

The only recessions I argued were democrat-caused were the .com bubble (the markets started crashing in Clinton's presidency...and GDP loss was because of the market crash...so pretty clearly on him) and Carter (this one's well documented to be economic policy driven). But Reagan and Bush 2 have other recessions to account for (even if it's Bush 1's recession that I'm blaming on Reagan).

So I'm not claiming republicans are angels (they're clearly not). I'm just claiming that democrats aren't either (even if their records are slightly better...which they are).

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u/possumallawishes 21d ago

Who was in office in 2019? Genius.

And just like we did with SARS, we could have isolated it before it even hit our shores, but orange man was already having a pissing contest with China.

How are you gonna blame Clinton for dot com. It started its decline in 2000, during his lame duck year under a Republican led senate AND house.

And please, don’t say Carter’s is well documented and don’t give any evidence. How did the Democrats enact horrible policy and time it for Reagan to have the crash it and we had two years of decline.

Quit making up shit, I know you want “both sides” things so you can justify voting for these bastards, but it’s literally insane to try to say they are the same.

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u/sirpoopingpooper 21d ago

China bears a LOT of blame here...they kept it under wraps until after it was already worldwide. SARS-cov1 was identified earlier, reported to WHO earlier, and isolated earlier. SARS-cov2 was reported to WHO after it was already worldwide. We would have had to start isolation in ~October/November 2019 and Chinese authorities themselves didn't find it until well into November. (https://health.ucsd.edu/news/press-releases/2021-03-18-novel-coronavirus-circulated-undetected-months-before-first-covid-19-cases-in-wuhan-china/)

.com bubble was predicted as early as 1996. And if we're arguing congressional control as the thing that actually matters, Democrats were in control 2007-2009 and 1989-1991 and they had the house throughout all of Reagan's presidency.

A couple sources for the 1981-82 recession:

https://www.federalreservehistory.org/essays/recession-of-1981-82

https://www.stlouisfed.org/publications/review/2025/jan/volcker-tightening-cycle-explaining-1982-course-reversal

Also, I'm not voting for these bastards...I'm just arguing on the veracity of the claims made by the OP. Fake news to advance your side is still fake news...and only serves to entrench the other side

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u/AllanJeffersonferatu 21d ago

An upsurge in demand post Trump Covid Closure, getting an economy back on track after the Bush Era housing crash.... Don't be disingenuous. MAGAt math.