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The lie that won’t die is that Republicans are better for the economy than Democrats. By every measure possible, that is just not correct. Republicans break shit, Democrats fix it, and voters reward them by ushering Republicans back in power. Lather, rinse, repeat.
Now, the stock market is not “the economy,” and even boom times have seen economic decline for a significant percentage of people in the United States, particularly in its decaying rural regions. But the market is a proxy for strong economic performance, however inequitable it might be distributed.
At that very least, there’s no scenario in which we have economic development without a strong market. If companies are to create jobs, there has to be a strong market—or investors, in anticipation—pumping money into that job growth. Just take a look at Wall Street’s 10 worst crashes:
1) March 12, 2020
Republican Donald Trump was president, and the emergence of a deadly pandemic and ensuing shutdowns signaled a period of economic uncertainty. Rather than calm jittery markets, Trump suggested that people inject bleach (April 24, 2020) to cure COVID-19. The markets had every reason to panic. Too bad they didn’t remember those lessons in 2024.
2) Nov. 20, 2008
Republican George W. Bush was president when the subprime mortgage crisis took down the global economy. Years of Wall Street deregulation—cheered on by Republicans—created the conditions for this mess.
3) April 4, 2025
Trump is president again, and here we are in a completely self-created and enabled crisis because Wall Street didn’t learn from the lessons of 2020, and their greed overrode all evidence that Trump is a disaster to not just our democracy but to global order. Congratulations, assholes. You voted for this.
4) Nov. 6, 2008
Bush done f’d stuff up.
5) October 15, 2008
Same as #2 and #4, courtesy of Bush and his merry cabal of deregulators.
6) October 7, 2008
Same same.
7) March 9, 2020
Trump again.
8-10) October 9, 10, and 22, 2008
Bush really made a mess of things, which makes it particularly maddening that people walked away thinking that Republicans knew anything about running an economy. Eight years of manufactured scandals against Democratic President Barack Obama really did a number in the United States, ushering in the age of Trump.
It’s quite obvious that, once Trump’s tariffs have fully left their mark, 2025 will occupy far more than just one spot on this list.
Other notable crashes?
Black Friday in October 1929, with Republican Herbert Hoover as president.
Post-9/11 market crash, with Bush as president.
Black Monday on October 19, 1987, with Republican President Ronald Reagan.
It’s a Republican. Every. Single. Time.
The question becomes: If Democrats are good for the economy, and voters like good economies, why do they hand the reins back to Republicans so damn always?
because republicans cry in bad faith about everything. because they have no personal standards.
it’s been said a thousand times but if this market drop had happened under biden they would have literally been calling for his head. and it’s easier to rile people up with rage than the status quo.
So American voters are stupid, but only during a good economy?
enough of them are stupid in the way that enables the republican misinformation to do it’s work. don’t forget there’s also gerrymandering and other bullshit they’ve been allowed to do that makes their shit more effective as well.
So Republicans are just better at the game because they control the rules and under estimate American intelligence?
im keeping my statements mostly to the facts. there’s plenty of people that will tell you the dems are just planned opposition to republicans.
the two parties are not held to the same standards remotely.
We swing back and forth pretty much every 2 or 4 years because we can’t look into the past more than a few months. When anything bad happens it’s pretty much the sitting Presidents fault. That and the right wing politicians and media have zero morals and will spin anything in their favor. Haitians eating dogs and cats? Completely unfounded but it either helped the GOP or had little affect on their likeability. Kids pretending to be cats and using litter boxes in schools? A wild stretch of the darker truth but there didn’t seem to be any backlash about that lie.
Well, Democrats are better for the economy than Republicans, but when you break it down they’re just another capitalist party, and the real issue with everything is…
Money.
It’s in the financial interests of billionaires for people to vote Republican. As such, they’re bankrolled and spend that money on campaign ads, attorneys’ fees getting laws overturned, attorneys’ fees keeping people buried in frivolous lawsuits, keeping people stupid by defunding education, and generally speaking people aren’t always smart, swimming in information or totally plugged in.