r/WallStreetbetsELITE • u/GenericAptName • 9d ago

MEME Didn't see this coming

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u/Altruistic-Look101 9d ago

I don't know why you guys argue about nothing. Great Recession was not just a month/year thing. Obama entered into office with unemployment rate about 8%. 2008 September was when Lehman Brothers went bankrupt. The mess was dealt by Obama administration.

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u/DoireK 9d ago

Dealt with by the Obama administration you mean? He wasn't in office until 2009. The crash like this one was overseen by republicans.

In fact, republicans have a terrible record when it comes to the economy going back decades.

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u/Toolfan333 8d ago

They are terrible for the economy and have fooled people into believing otherwise. Bush handed Clinton a recession, Clinton handed Bush a surplus(some Clinton policies directly led to the housing crisis), Bush handed Obama the Great Recession, Obama handed Trump a thriving economy, Trump handed Biden a cratered economy, Biden handed Trump the economy that was the envy of the rest of the world, let’s see what Trump hands the next guy.

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u/nv87 8d ago

The worst thing about it is, that they actually do this on purpose. It’s the „two Santas“ strategy.