3 ms·
For me it's altered somewhat by personal life changes that occurred in both times, in that I secured myself well in 2007/8 and unsecured myself in 2021/2. I ima
by jimmygrapes 4y ago
For me it's altered somewhat by personal life changes that occurred in both times, in that I secured myself well in 2007/8 and unsecured myself in 2021/2. I imagine many people have similar life situations that skew their perception of the zeitgeist.
That said, the 2008 recession seemed somehow more "fake" to me despite the results being more abrupt and obvious - domestic manufacturing and production being the most sudden and visible, with entire swaths of America suddenly shut down, abandoned, paranoid, desperate. But nobody could really tell you why. Sure, smart pundits would talk your ear off about banks lending more than people could pay and housing prices and such, but to the regular person, why would that suddenly make their job not exist and gas prices rise? It made no sense. And then it got fixed, sort of, with a "new normal" of working 2 or 3 part time jobs and still not having affordable healthcare despite hope and change - in many cases, healthcare plans suddenly became a charge that hadn't been a consideration before.
It was a long slog, and was only slightly beginning to perk up by the time 2016 rolled around and frothed everyone up one way or the other ideologically, then things started to get pretty good, but half the country insisted it was false and that everything was horrible and getting worse and only removing the President could fix it. Then pandemic, ousting of that President, and more pandemic, and war, and housing shortages as population outpaces supply in desirable areas, and people are forced into "the bad parts of town" and tell the Internet how much they love it and how it's not that bad even as they install expensive surveillance and rarely leave their fortified homes.
This recession? I mean, not a recession, because that's not a well defined term and has multiple factors and it's not a recession this time if we don't say it is? This time? It seems inevitable, slow paced, easily fixed (although nobody knows how). It seems more real than the last one, because we can point at why, but it also hasn't effected many lives too abruptly. Yet.