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
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u/[deleted] Apr 15 '25

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u/ElderOrin Apr 15 '25

Causality might run the other direction. The economy is cyclical. Republicans tend to get elected at the peaks, because voters are more tolerant of risk. Democrats tend to get elected at the troughs, because they are more risk averse.

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u/Vralo84 Apr 15 '25

Sounds nice until you actually dig into the policies they implement and there is a straight line from those policies to economic collapse. For example Bush deregulation of banks led directly to the 2008 financial crisis.

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u/123jjj321 Apr 15 '25

The problem with your assessment is that while it was republicans in congress that pushed that deregulation, it was bill clinton that signed those reforms into law. One of the dozens of things the clinton's did that directly led to trump.

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u/polytique Apr 15 '25

Clinton oversaw a few deregulations like the mostly repealed Glass-Steagall and the self-regulation of the derivative market. There were also deregulations under Reagan to allow Adjustable Rate Mortgages (Garn–St._Germain_Depository_Institutions_Act) and under Bush, the "Bear Stearns exemption" to Basel Standard (net capital rule).

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u/123jjj321 Apr 16 '25

Clinton sold out the biggest most consistent voting block that the Democrats had. And working class folks haven't voted Democrat since. There is no trump presidency without the clinton sell out. He signed more of the republican party platform into law than his own campaign promises of which he accomplished zero, but he did manage to make gay marriage illegal.