Is a recession every decade the new normal?

I’ve always heard that there’s a depression approximately every century. We had the Great Depression in the USA in the 1930s. But now we’ve got this major recession with gas and grocery prices through the roof. And this isn’t the first time either. There was another big recession in 2011 when I graduated from college. I remember that one clearly, as I couldn’t get a job for two years. Thankfully I have a good job for now…we’ll see how long it lasts.

Anyway, my point is that we’ve had a major recession both this decade and last. Is this the new cycle? I’m only 34, so I can’t remember if there was a recession in the 1980s…but there definitely wasn’t one in the 2000s or late 1990s.

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checkoutanytime · 46-50, M

If a democrat wins the white house, expect economic turmoil. Is the pattern ive noticed.

whowasthatmaskedman · 70-79, M

@checkoutanytime Thats quite true.. But which came first? The chicken or the egg?😷

checkoutanytime · 46-50, M

@whowasthatmaskedman liberals are to chicken to talk about reality so im goning to wadger the farm on eggs, since every woman has them.

RopinTexan · 36-40, M

@checkoutanytime I’m neither liberal nor conservative, but I will say that the economy was crap when Obama first became POTUS, but by the end of his second term, we were doing great.

Personally, I think we give a lot more credit to the POTUS in general than is due. The economy is mostly controlled by organizations like the Fed and city/state councils than the POTUS.