• chaogomu@lemmy.world
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    14 days ago

    Economic policy has a 3-4 year lag time until it’s felt by the average citizen.

    Biden has been picking up the pieces and putting the economy back together after the fiasco that was Trump. Just like Obama had to pick up the pieces after Bush, and Clinton had to after Reagan and Bush Sr.

    To a lesser extent, Carter had to do the same, but Nixon and Ford didn’t fuck the economy as hard as Reagan.

    And if you go back a bit further, FDR pulled us out of the depression caused by Hoover, Coolidge and Harding.

    The crash was due to the policy of Coolidge and Harding, but the depression, that was pure Hoover. He made a bad situation so much worse.

    Kind of like Trump taking a pandemic, and making it worse.