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At CPWILL: now you are simplifying things again. A lot of these economic bubbles that burst has to do with deregulation. Capitalism is overall a good thing and I'm for it, but predatory capitalism needs to be regulated.
Meh, bubbles tend to burst because assets have become over-valued. Deregulation generally impacts that process indirectly, mostly when it helps create the conditions for growth which folks later become overly-optimistic about.
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Sure, a president himself can't be responsible for 100% of economic progress or failure... which doesn't stop DonDon from claiming credit regarding how the economy was good before COVID-19. Well, two can play this game. If the president is responsible for good times, then he is also responsible for bad times, and while an external factor destroyed our economy, the botched response to it has a large share of responsibility, too.
:shrug: if you want to talk political messaging, sure - but that is a far cry from reality. People like a simple "President Good = Economy Good; President Bad = Economy Bad" approach because it doesn't require them to do a lot of thinking, and generally lets them confirm that they are on the Right Side (it's always entertaining when the White House flips and so do people's opinion of how well the economy is doing).
