What does every Wall Street crash have in common? Republicans

https://www.dailykos.com/stories/2025/4/13/2315218/-What-does-every-Wall-Street-crash-have-in-common-Republicans?pm_campaign=front_page&pm_source=top_news_slot_4&pm_medium=web

by jonfla

4 comments

  1. I like how there is no recognition of the party flipping in the 60s when this statement is said over and over again

    Or the acknowledgment it takes about 4 to 6 years to feel the full weight of economic decisions

  2. 2025 – Tariffs I do agree on being the trigger. Though the market bubble was flashing warning signs long before. Inflation, high interest rates, companies shelving expansion planning, layoffs, ongoing supply chain issues, low wages, underemployment, large consumer debt and defaults, etc. It was coming as many of us talked about here on Reddit regardless of who “won” the election.

    2020 – Global pandemic SHUTDOWNS. What happens when global markets are closed? Dumb.

    2009 – Ongoing financial crisis including one of the largest Wall Street losses in modern times. DailyKos must have forgot about that one.

    2008 – What started the subprime mortgage crisis essentially giving big loans to anyone with heartbeat? And banking deregulation was largely bipartisan. We haven’t learned the lessons as some in Congress had been or are talking about doing that again.

    2001 – GWOT started. The US and many other countries were in shock post-9/11. Would the world ever be the same? No one knew…

    2000 – Dot com bubble burst. Oops. *Somehow* DailyKos “forgot” about that one too.

    1987 – Black Friday was a major correction after the market flying high for years. It was due.

    1970’s – Carter’s malaise era market declined ~9%. Technically not a crash. Just kept going down, down, down like everything seemed to do back then. DailyKos also skipped over this time. Could they be biased? So it ain’t so!

    1929 – Got to be kidding me…

    The stock market is not the economy, nor should it be viewed as a barometer to govern towards. But when convenient, fans of either team celebrate or disparage the market as though it is.

  3. The biggest crash we’ve had since 2008 was in 2022 when we went down 25% for the year.

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