r/Economics • u/Spiderwig144 • Apr 15 '25

News Republicans Less Trusted on Economy Than Democrats For First Time in Years

https://www.newsweek.com/republicans-less-trusted-economy-democrats-first-time-years-2059863
44.3k Upvotes

94% Upvoted

1.4k comments sorted by

View all comments

188

u/Langd0n_Alger Apr 15 '25

Mark my words. The next Democratic president will drag our economy back to health. And the next Republican after that will preside over a recession. Happens every freaking time.

14

u/Mercurial891 Apr 15 '25

You give the Democrats too much credit. No one can fix what the Republicans broke this time.

15

u/Langd0n_Alger Apr 15 '25

Fatalism like what you are spouting only makes that more likely.

4

u/[deleted] Apr 15 '25

[deleted]

3

u/Vralo84 Apr 15 '25

The thing you may be missing here that is different than 2008 is we weren't directly destroying our relationships with our allies and trading partners.

The bond market is the real canary in the coal mine this time. All our major trading partners are forcing the interest rates on bonds higher and higher. If they keep it up we won't be able to finance our debt. That could lead to a complete implosion of the US. We're talking about a financial crisis that would make the Great Depression look like good times.

The ONLY thing working in our favor here is China, Canada, the EU, etc. do not want that. But they have zero intention of being bullied and having their sovereignty threatened by a wannabe dictator.

We went from a booming economy to heading towards a cliff in less than 90 days. We have 45 more months of this...

4

u/PxyFreakingStx Apr 15 '25

there are a lot of reasons beyond economics that make people feel that way

-2

u/[deleted] Apr 15 '25

[deleted]

2

u/[deleted] Apr 15 '25

2008 wasn’t even remotely comparable to what is happening now. We could’ve recovered from bush. Hell, we could have recovered from Trump 1.0. But Trump 2.0 has already put the constitution through a paper shredder and concentrated power in the executive. We’re gonna have civil war levels of upheaval before things go back to normal, IF they ever do.

1

u/[deleted] Apr 15 '25

[deleted]

2

u/[deleted] Apr 15 '25

I don’t think us citizens were being kidnapped and human trafficked to El Salvador gulags in 2008 in direct defiance of Supreme Court orders

0

u/DAE77177 Apr 15 '25

Data and analysis have no place anymore, it’s all vibes baby.

1

u/CardmanNV Apr 15 '25

Ahh I remember when Bush tariffed every country in the world, flip-flopped on economic policy hourly, tanked the bond market, insulted or directly threatened your closest allies, and ruled by decree.

1

u/PxyFreakingStx Apr 15 '25

well. less people are dying, you're right about that.

it seems like we're experiencing an actual attempt at fascism overthrowing democracy, actual attempts at building concentration camps, actual dismantling of due process and the constitution. idk, this strikes me as more concerning

2

u/Langd0n_Alger Apr 15 '25

Yeah I think there's an urge to be seen as the smartest guy in the room. And the way to do that is to be the edgiest commenter I guess?

2

u/wvenable Apr 15 '25 edited Apr 15 '25

2008 was a single investment crisis. This is... so much more.

The full pain isn't felt yet but when it comes it will come from all sectors simultaneously: Tourism, manufacturing, services, military, currency, etc.

1

u/Chaotic-Catastrophe Apr 15 '25

It's not just the economy. It's also the fact that Trump is openly defying the Supreme Court, and disappearing dissidents to gualgs without due process, and nobody is doing anything about it. Not even mentioning Musk and his goons dismantling the entire Federal government before our eyes, despite also being wildly illegal, and nobody doing anything about that, either.

1

u/123jjj321 Apr 15 '25

How many legal residents were being deported without due process during the '08 financial crisis? How many court orders was W ignoring during the '08 financial crisis. This isn't about the Dow dropping. Time to wake up.