Every Republican presidential term in my lifetime has had a recession start. None of the Democratic ones have…
Regan; one started each term. First Bush had one in his term. Clinton had none in his 2 terms. Second Bush had a HUGE one each time (dot com and great recession). Obama had none in his 2 terms. trump had one in his first term (triggered by covid & shutdowns; which his (in)actions intensified…). Biden didn’t have one (but; just barely… and only by the official definition [NBER]; he did have two negative real GDP quarters, so one could argue this point). Now we’re starting trump’s second term, so we’ll see (it’s pretty clear we’ll have a recession within 2 years).
This isn’t really debatable unless you ignore the evidence. Stock market and real GDP growth are overall way higher under Democrat presidents. One link for reference (but many more are available): https://link.springer.com/article/10.1007/s11127-021-00912-y
The 2008 Crash was the direct result of Clinton’s repealing of the Glass-Steagal Act (with the full support from the Republicans, so I’m not actually excusing them).
In the process of pointing out just how bad the Republicans are for the Economy, let’s not excuse the Democrats so much that it turns into whitewashing.
Clinton repealed the Glass-Steagal Act, inflating a massive bubble (especially in Finance) which blew up in 2008.
If you’re going to laud him for the positive effects of the bubble he inflated, then it’s only fair to criticize him for the ultimate result of his bubble-pumping policies, which wiped out all the gains from the bubble.
Every Republican presidential term in my lifetime has had a recession start. None of the Democratic ones have…
Regan; one started each term. First Bush had one in his term. Clinton had none in his 2 terms. Second Bush had a HUGE one each time (dot com and great recession). Obama had none in his 2 terms. trump had one in his first term (triggered by covid & shutdowns; which his (in)actions intensified…). Biden didn’t have one (but; just barely… and only by the official definition [NBER]; he did have two negative real GDP quarters, so one could argue this point). Now we’re starting trump’s second term, so we’ll see (it’s pretty clear we’ll have a recession within 2 years).
This isn’t really debatable unless you ignore the evidence. Stock market and real GDP growth are overall way higher under Democrat presidents. One link for reference (but many more are available): https://link.springer.com/article/10.1007/s11127-021-00912-y
The 2008 Crash was the direct result of Clinton’s repealing of the Glass-Steagal Act (with the full support from the Republicans, so I’m not actually excusing them).
In the process of pointing out just how bad the Republicans are for the Economy, let’s not excuse the Democrats so much that it turns into whitewashing.
Same with budget deficits, Clinton even got surpluses…
Clinton repealed the Glass-Steagal Act, inflating a massive bubble (especially in Finance) which blew up in 2008.
If you’re going to laud him for the positive effects of the bubble he inflated, then it’s only fair to criticize him for the ultimate result of his bubble-pumping policies, which wiped out all the gains from the bubble.
He also had an affair
That’s up to him, his wife and his mistress.
I only care about his track record when it applies to the Economy.
Thanks for the link.