Bush gave us the worst economy in a hundred years.
Then Trump did exactly the same thing.
I suppose that only great presidents like FDR, Carter, and Biden give us the economies that we really deserve.
Whatever improvement the economy has undergone, is not BECAUSE of the “Biden policies”, but in spite of them.
There is a great underlying surge that has been driving the economy, but like FDR and the New Deal in the Depression, there were a sufficient number of restrictions placed on business, both in manufacturing and the business communities, to choke off the economy altogether for almost ten years. The Depression was much worse in 1938 than it was in 1933. That is what happens when things get “fixed”.
One of the stupidest things Biden continues to say is that his policies have reversed the worst economy in a hundred years
Bush gave us the worst economy in a hundred years.
Then Trump did exactly the same thing.
I suppose that only great presidents like FDR, Carter, and Biden give us the economies that we really deserve.
Funny how people like to blame Bush for the worst economy and now they balk when Biden takes credos for the recovering economy. By May of Bush’s first year it was discovered that fuzzy accounting of the Social Security money gave the surplus to Clinton’s economy. When it was rectified, the accounting books showed something else entirely. The LSM hid this hard as the dot com bubble was just about to burst in the summer of 2000. Clinton’s last year in office saw the economy trend downwards faster than a rock could sink in a pool of water.
This is the way politics is played and works, it is standard operating procedure. Bush did not give us the worst economy in one hundred years. (If you are saying this, you are parroting the left’s talking points and LSM’s of the time to stop the re-election of Bush). That title actually rests on his predecessor who also took the credit for the best economy in the 90’s when it was the policies of the Reagan Administration that set it up for economic prosperity that lasted through the 90s.
And on and on it goes.
Only a very few Presidents have taken the credit that they deserved on the economy, Carter for one, but that is actually debatable going into his Presidency but not during.
FDR did not take the US out of the Great Depression, one would argue that the New Deal actually set America back but it wasn’t until America turned its economy into a manufacturing war time economy that pulled America up by the bootstraps.
Face it, America has had a very long history of depressions, recessions and recoveries. And the President that currently holds office during one of those cases will always be blamed or take the credit for the situation. 9 times out of ten it was the current POTUS’ predecessor that caused the situation to happen in the first place.
Biden’s term is too young to be taking the credit for the recovering economy. Just like Bush took the blame for 9-11, in which Clinton’s policies actually empowered, the first 6 to 9 months of a President’s term is just wading into the shallow section of the pool to get their feet wet.