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Yeah, that's what I was saying. Everything went crazy during the pandemic and never got close to recovering.
I've seen the argument made that Trump became president in a big part due to social media. He grew his cult following thanks to Twitter while Obama was president. So the problems caused by Trump could also be tied back to social media.
It continues to piss me off that the pandemic effectively let Trump off the hook for the economy he had already fucked up with his 2017 tax handout to the rich and 2018 trade war with China. He had already been badgering the Fed to lower interest rates to stave off a recession in 2019, before COVID showed up. In fact, the erosion of the interest rate in 2019, and therefore the capacity for quantitative easing, is yet another way Trump's incompetent and vindictive policies made the pandemic even worse than it would've been otherwise.
Wouldn't doubt that one bit. I live in Canada, and while the Conservative party is often presented as "good for the economy", objectively, they're no better than the Liberals here.
I don't know about Canada (I assume it's the same), but here in the US the conservative is objectively worse for the economy every damn time. The Republicans have been running a "two Santa Clauses" con for decades.
It's mostly the same.
Federally, the Conservatives are worse for the economy than the Liberals. The NDP (the left wing party) has never held office at the federal level.
Provincially ("state"-level), the NDP are the best, and the Liberals are worse than the Conservatives...but it does get muddied up a bit because in one province, the Liberals in name are basically the Conservatives, and the NDP fill the Liberal niche. Or something. I'm not from that province.
I do know that our Conservatives love starving the beast, and by the time the Liberals (or NDP) get back in power, there is a LOT of shit to clean up.
For example, our Conservative-run province spent millions of dollars to suppress and freeze nurse wages leading to a shortage of nurses. While spending those millions to suppress their wages, the solution to the nursing shortage has been to pay nursing agencies more than 3x the cost per nurse (middleman needs their cut!).
So we are paying money to pay nurses less, while simultaneously paying more for nurses.
It was found by the courts to be illegal to suppress the wages, and the government was ordered to back pay nurses (plus a bunch of other public sector workers). The government appealed that decision multiple times (paying court fees and such all the while), and eventually lost and had to pay out billions in backwages.
But we're still paying extra for the nursing agencies!