this post was submitted on 07 May 2025
872 points (99.5% liked)
Political Memes
7989 readers
2970 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
No AI generated content.
Content posted must not be created by AI with the intent to mimic the style of existing images
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
2008 happened for the exact same reasons as 1929, because some of the protections put in place because of 1929 had been rolled back many years before. It wasn't as deeply bad because (dare I say) the US had a reasonable executive branch very shortly after.
But none of those protections were reimplemented. Credit default swaps are still totally a thing, for example.
The "reasonable executive branch" decided that bailing out Wall Street was a good idea instead of bailing out the people. Just more Reaganomics, which always leads to economic struggle.
There's a reason why nobody under the age of 40 (and also above the age of 40) has been able to afford a house since 2008.
Obama just looks reasonable compared to the disasters of Bush Jr. and Trump.
CDS markets are also, currently, right now, freaking the fuck out rofl.
Ive been saying this since Trump announced his tariff / deportation policies before he got elected:
Great Depression 2.0, with nukes and climate change this time!