r/WallStreetbetsELITE • u/GenericAptName • 8d ago

MEME Didn't see this coming

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u/RingWraith75 8d ago

Right. Democrats are objectively better for the economy than Republicans. I forget the exact number but I believe 11 of the last 12 recessions happened under a Republican president.

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u/SnuffedOutBlackHole 8d ago edited 8d ago

You have two general styles:

Try to work on the issues and get people to cooperate on solutions.

Put ideology first and try to force a complicated world into suddenly doing what you demanded.

When voters are frustrated they can tend to pick the latter, when only the former gets them closer to what they desire.

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u/EtherBoo 8d ago

My favorite Republican defense "well it takes 4-8 years to see the impact of a president's policy on the economy".

It's always some mental gymnastics to justify whatever they want. It's a fucking cult.

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u/Yeah_x10 8d ago

Dems were saying this plenty during Trump’s term to take away the credit from his 2017-2020 economic performance.

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u/Suspicious-Map-4409 7d ago

No, they weren't. They were saying that Trump was riding on all the progress Obama's policies already did. There wasn't a delay in Obama's policies, they were put into place and caused a significant growth and it just kept growing during Trump first few years until he shit the bed with covid.

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u/Advanced-Law4776 8d ago

Republicans run the deficit >2x democrats over last 100 years

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u/Arctica23 8d ago

Remember the last time the United States had a balanced budget? I'll give you a hint, we didn't have a Republican president

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u/Mobile-Mess-2840 7d ago

I wish I existed in the timeline where the Clinton 90's Booming Economy led into the Gore 2000's with manageable boom and bust cycles...and no Sub Prime garbage and no 9/11, as competent people would be in charge.

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u/PiersPlays 7d ago

Yeah but it comes at the cost of providing a fairer and more inclusive society and who wants that‽ /s

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u/scwt 8d ago

It depends how far back you go, but the average annualized S&P returns are pretty similar under Democratic and Republican presidents.

Clinton getting all of the upside from the dot-com bubble and Bush getting all of the crash kind of skews the average.

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u/hopbow 7d ago

Annualized S&P doesn't really matter.

Also, Trump got COVID, which sucked but was also the biggest private profitability booster in this century. Bush had the war on terror and the patriot act, which boosted defense spending to ridiculous levels. 

Like you can't just say "oh the dot com boom and crash was just Clinton's lucky lady" and act like it covered years of policy decisions