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Surely some of that is lag time in economic policy.
by crims0n 9mo ago
Surely some of that is lag time in economic policy.
- JumpCrisscross 9mo ago> Surely some of that is lag time in economic policy Why? What if constantly launching foreign wars, leveraging up the financial system and running up deficits isn’t sound economic policy?
- lostlogin 9mo agoWW2 really got the US economy going, so maybe the issue it a lack of scale in the warring?
- crims0n 9mo agoWasn't trying to be political, just making an observation that 4 years is probably too short of a time to credit policy changes within a single administration.
- lazide 9mo agoI suspect the administrations are as much a sign of the shifting tides than a cause. Conservative approaches tend to be…. Conservative. Which is the opposite of growth.
- frogperson 9mo agoThreatening all of our allies with war and tarrifs is a great way to tank confidence in the US and its businesses. Ask me how I know.
- DaSHacka 9mo agoOh, so every Republican administration dating back to FDR did the same?
- bryanrasmussen 9mo agoDid you look at the graph? Eisenhower had two terms = 8 years - did poorly. Kennedy + Johnson two Democratic terms in a row = 8 years, did well. Nixon + Ford, two Republican in row = 8 years, did poorly. Carter 1 term, did well. Reagan Bush - 3 terms Republicans 12 years, did poorly. Clinton 2 terms 8 years did well. Bush the second, 2 terms 8 years did poorly. Obama 2 terms 8 years did well. Trump, 1 term did extremely poorly Biden 1 term did well. So this 4 years thing you're talking about you mean that we can't be sure about Biden, Trump, or Carter. Fair enough, is the 8 years good enough or is that also too short to draw a conclusion?
- kingkawn 9mo agoYet it tracks for decades with successive D/R presidents, suggesting that this 4 year excuse is not enough to dismiss the correlation
- Braxton1980 9mo agoWhy aren't you trying to be political? What exactly do you think "political" is?
- JumpCrisscross 9mo ago> making an observation that 4 years is probably too short of a time to credit policy changes within a single administration Correct. But across repeated administrations, some of which held power for two terms, one can identify patterns. Post-Reagan Republicans have been a consistent trash fire for the American worker.
- sigmoid10 9mo agoThe fact that consecutive Republican administrations in this graph fared even worse suggests that is not the case.
- lostlogin 9mo agoI’d have called Reagan very conservative, am I missing something?
- bobthepanda 9mo agoAre you misreading the word consecutive as conservative?
- lostlogin 9mo agoYes.
- nxm 9mo agoLet's not omit the fact that Covid hit in Trump's last year in 2020, where he had a booming economy and lowest unemployment late historically amongst minorities.
- nullocator 9mo agoLet's not omit the fact that Trump's handling of Covid was selfish (deny it exists), reckless (deny it exists even harder), foolish (inject bleach), and destabilizing (constantly spewing conflicting information and undermining scientists and experts, you'll to this day still find a steady stream of HN commenters that hold an eternal vendetta against Anthony Fauci for some perceived unforgivable inarticulable wrong he's done.)
- Hikikomori 9mo agoWas handed a booming economy from Obama and largely didn't do anything except cut taxes for the rich a bit. Mostly grownups in his cabinet stopping him from doing stupid shit. The Greenland thing started back then and they thought it was a joke.