Wman1996 said:
We are unironically in the face of a third USA (and by extension global) recession in under 20 years. Is a big recession or even a depression guaranteed? No. Is it looking likely during Trump's regime? Yes. There was a short-lived dot.com bubble recession from March 2001 to November 2001. So, what is insane is that if you lived from early 2001 or at least from around Clinton's presidency onward, you're already at 3 recessions in your life and looking at a 4th. 2 of those were big recessions with the 4th looking big as well. Recessions don't inherently mean a bad administration or bad economy. "Ike" had 3 recessions during his presidency, all 10 months or shorter. And he was one of the USA's best presidents and 1953-1961 was one of the best periods ever for the USA's economy, if not the best. |
I also lived through the first Bush recession. I was born when Carter was president, but I wasn’t old enough to remember 1970s stagflation.
Recessions may not necessarily mean a bad administration, but Trump is doing a very poor job of managing the economy and deliberately creating chaos, which the economy does not like.
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