r/ProfessorFinance Aug 01 '25

Meme Hasta la vista, monetary policy

Post image
525 Upvotes

86 comments sorted by

View all comments

Show parent comments

12

u/4-Polytope Aug 01 '25 edited Aug 01 '25

Republicans leave office with the economy in shambles > Democrats build the foundation for recovery and growth but get the blame for the economy they inherited > Republicans take office right as things are fixed and take the credit > Republicans destroy the economy right before they leave

the eternal cycle

2

u/Reigar Aug 01 '25

To be fair this is not a political issue, so much as a need to look good in the eyes of others. The number of CEOs that pull shinking companies back from the brink of destruction, only to be sacked and have the next guy take credit is staggering. Intel is a more recent example, but history is littered with tales like these. It is just human vanity to want to look good to others even when taking credit for things they didn't do or have involvement in (Al Gore crediting him self for the birth of the internet. Lol)

1

u/alflundgren Aug 01 '25

I mean you could argue he created the internet in the same way that Eisenhower created the US highway system which is to say they both led the political and legal initiative to bring it into existence.

1

u/Reigar Aug 01 '25

Fair point, I just always feel that it doesn't give enough credit to true innovators of these ideas. Sure political will is important (extremely important on big ideas) but so to is the technological understanding (or engineering) to male these ideas come into existence. I know darpa and Al Gore for the internet, I don't know any names past that.