Weak men created hard times. Thanks, boomers.
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Isn't it interesting that every single Republican in office during that time had 2 each?
Technology has sped up everything about society, for better and for worse.
The problem is that the “for worse” parts are now back to back existential crises.
The difference now is that this one was completely preventable. Not that it makes it any better.
So was the one in 2008...
That one was more complex. Lehman brothers didn’t publicly tell everybody that they were going to do a bad thing, then proceed to do the bad thing despite everyone telling them it’s a very bad idea, and then everything turns into shit just like everyone had predicted.
Also 2016, that was a big one.
Mr. Santayana had something to say upon this. remember, mandatory voting simply enshrines no-confidence votes...jfc
Hey… if it follows number pattern… the next stage in the crisis should be about ten years away… so that’s cool right?
Maybe "the 2038 problem" will be the new Y2K?!
The 2038 problem is going to be +3C global warming, ensuing wet bulb temperatures and mass starvation due to breadbasket failures. (debbie downer sound)
Dunno about 2002 but '08-present day is 100% the same event
While the housing crisis is still everlasting (most significantly in the US, many other countries have started national housing programs) the economic one has ended in the june(?) of 2009!
Says who? Billionaire investors and regulators for a newly-elected President who saw an imaginary red line go up for two consecutive quarters? "Peace for our times." The '08 crash was (is) massive and will be the defining event of the 21st century for future historians. Literally nothing but WW3 could overshadow it's legacy.
Notice how the "timeline" section doesn't end with "and then everything went back to normal in June 2009." Tens of trillions of dollars evaporated overnight.
Wikipedia | 2008 Financial Crisis
Selections:
2011: Median household wealth fell 35% in the U.S., from $106,591 to $68,839 between 2005 and 2011.
2014: A report showed that the distribution of household incomes in the United States became more unequal during the post-2008 economic recovery, a first for the United States but in line with the trend over the last ten economic recoveries since 1949.
2017: Per the International Monetary Fund, from 2007 to 2017, "advanced" economies accounted for only 26.5% of global GDP (PPP) growth while emerging and developing economies accounted for 73.5% of global GDP (PPP) growth.
A shrinking median household incomes, racial wealth inequality, the rise of non-Western economies, do these not sound like contemporary issues to you?
No, you misunderstood. You see, the crisis lasts your entire generation
it's all the same crisis baybay! the entire time throughout all of history
<astronaut meme>
Wait, it's all a crisis?
Always has been.
Exactly. It isn't a "once in a generation crisis" it's a "one generation" crisis. OP must have skimmed over their orientation papers and misread.