Comment on "The American experiment endures," Biden said. "We're going to be OK."

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Stovetop@lemmy.world ⁨1⁩ ⁨month⁩ ago

Part of me blames the collective memory loss of the COVID years and a complete lack of understanding of cause and effect.

It’s like everyone forgot there was this massive global pandemic which absolutely killed entire industries. And even though the important parts were propped up during the lean times by government support, that support ended eventually, with the economy still a mess that couldn’t just be put back together like nothing happened.

I mean, people at that time didn’t even have a concept of what was going on. They have no idea how much money was spent keeping the lights on. People collectively lost their shit over the billions it would cost to forgive student loans, but had no idea how many more billions were spent on—and abused by—businesses whose pandemic loans were forgiven by the government.

Everyone forgot the pandemic was only as bad as it was in the US because it was so completely mishandled by the Trump administration. We could have had everything back to normal a lot sooner if there was even a little bit of national preparedness, not to mention if we didn’t have all the misinformation spread by his own administration.

So when the economy goes to shit in 2021-2022 during the Biden administration, people shrug their shoulders and put blame on the old man in the white house, despite the fact that it’s on a recovery trend during this last year. And so Trump’s first year is going to start with stronger markets, he’ll get the credit, and then things will get worse just in time for someone else to take the blame for it.

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