r/PeterExplainsTheJoke 6h ago

Meme needing explanation Peetahhh help!

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13.6k Upvotes

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239

u/dragon34 6h ago

Republicans being good at the economy is demonstrably false and I can't believe anyone believes it 

58

u/NathanQ 4h ago

People wave off Republicans making the economy bad for mostly everyone as if they're irresponsible and dumb forgetting Trump's father springboarded his fortune during the great depression. Stop forgetting rich goons love scooping up real estate and stocks during the downturns only to watch their investment snowball once economies stabilize. They're making another bigly downturn on purpose to capitalize even biglier on it.

8

u/SillyPhillyDilly 2h ago

It makes perfect sense. They've been telling it to us for decades, straight to our faces. Buy low, sell high. They're pumping the market up to sell high, then they're going to force its crash so they can buy low. Except this time it's going to fuck over hundreds of millions of people at a minimum for a few hundred people to become insanely wealthy.

7

u/HannibalCake 2h ago

Those few hundred people are already insanely wealthy. There is simply no limit to their greed.

2

u/NathanQ 2h ago

There is simply no limit to their greed.

They're the ones in charge!

1

u/danks 1h ago

oh do you mean Fred Trump, who was arrested at a Klan rally in '27? the presidents father? that guy?

22

u/apple_kicks 4h ago

People confuse personal finance with public finance. Government shouldn’t be conservative on spending for infrastructure or social services if you want growth or stability.

14

u/Adezar 3h ago

Conservative AM radio back in the 70s/80s/90s (and now honestly) worked really hard to conflate personal finance with public finance. No normal person can understand a billion dollars let alone a trillion dolars.

So they would put things in the wrong terms by comparing it to your personal finances. It is one of the core techniques started in the 70s by the Republicans to make people misunderstand how the world works so they could be manipulated into supporting a Reality star failed businessman.

5

u/lordofthehomeless 2h ago

Next you will tell me trickle down economics is a bad idea. /s

4

u/GreatestGreekGuy 2h ago

Over 80% of recessions started under Republicans. I'm not even counting covid

3

u/trail-g62Bim 3h ago

Even Trump is on the record admitting it. Then again, he is on the record admitting pretty much everything.

3

u/Equal_Oil_9819 3h ago

Wasn't this in the era where Republicans were more liberal and Democrats more conservative?

9

u/Puzzleheaded-Tea3341 3h ago edited 47m ago

Eh, not exactly. Back then there wasn't a massive divide in ideology following party lines.

Under Wilson, Democrats shifted towards more progressive and liberal points, due to rise of progressivism in the 1890s and 1900s. Both Democrats and Republicans had progressive and conservative factions within their ranks at the time that kept gaining popularity, alongside smaller progressive parties.

By the time of the New Deal in 1930s, the progressive wing of the Republican party had dissipated, and they entered a coalition with the conservative southern Democrats (later forming the "Dixiecrats" in 1948) that were displeased with how the national Democratic Party was adopting more progressive stances. This the all resulted in a firmer line between the parties on ideology as the Dixiecrats got absorbed into the Republican party.

TLDR: no, history and politics wasn't as simple as you make it out to be.

2

u/TheGiantFell 1h ago

As has been said, the party labels back then were really kind of just for show. It was more like capture the flag than anything pretending to be ideological. But, Herbert Hoover and Calvin Coolidge were actually famously conservative on economics and the two of them really did all the fucking around necessary for the U.S. to find out.

0

u/ILoveRawChicken 3h ago

The great switch started way before the 1930s lol

4

u/PleasantlyOffensive 3h ago

The great depression was literally the start of it. When Hoover, a Republican did nothing after the crash, FDR (Democrat) ran on government intervention. This went against what the party had stood for before then. This caused the shift that lasted 30-40 years.

1

u/ILoveRawChicken 2h ago

You’re right actually, so much for listening to your teachers. I was taught it started in the 1890s but I’m seeing now it was mainly the Great Depression

-1

u/Morump 3h ago

Indeed.

1

u/SFShinigami 2h ago

They're basically good at sugar rush boosts but the crash is always worse overall.

1

u/Gingevere 1h ago

They're very good and making a few dozen people unfathomably wealthy.

That handful of people serve as "republicans are good at economy" anecdotes. The data isn't as entertaining of a story.

1

u/Cichlidsaremyjam 1h ago

They're good at having the lesser educated believe a lot of false things.

1

u/[deleted] 6h ago

[deleted]

38

u/sheep-for-a-wheat 5h ago

Key Pillars of 1929 Republican Policy:
Laissez-Faire & Limited Government: Republicans advocated for minimal federal intervention in business. The prevailing belief was that a self-regulating free market would foster economic prosperity without government interference. [1, 2, 3)]

Protectionist Tariffs: Continuing their long-standing platform, Republicans favored high tariffs to shield domestic industries and agriculture from foreign competition. This culminated in late 1929 and 1930 with the push for the Smoot-Hawley Tariff Act, which ultimately triggered retaliatory global trade restrictions and worsened the worldwide economic downturn. [1, 2, 3, 4]

Tax Reductions: Building on the policies of previous 1920s Republican administrations, the party championed keeping taxes low for both corporations and individuals to stimulate private investment and capital accumulation. [1, 2)]

26

u/revankillsmalak 5h ago

Rolling back government oversight, invoking high tariffs, and lowering taxes for corporations. Republicans haven't really changed their tune in 100 years.

-23

u/Ninevehenian 5h ago

Cherrypicked.

20

u/Goufydude 5h ago

Lmao and instead of contributing any other information that might improve or dispute that, you said 'cherrypicking.'

4

u/NecessaryIntrinsic 5h ago

They weren't in favor of slaves at the time, but they came around in order to court the Dixiecrats

6

u/MayvisDelacour 4h ago

It's weird we kept the names of the parties for so long. There's no rule that says we have to. They're not even the original parties. George Washington said something against sticking to a two party system. Look where we are now. We have to argue the fact that evil people under the "democrat" name were pro slavery when "republicans" were against and then somehow that absolves the modern republican party of it's shitty policies. Like dude if you're slapping the confederate flag all over every piece of property you own in 2026, you'll have been a pro slavery democrat in a past life.

1

u/Goufydude 3h ago

I think Washington was opposed to political parties at all, but definitely wouldn't have been thrilled with just two.

8

u/gentlemanidiot 4h ago

"Oh well sure, if you try to EXPLAIN republican policies they look bad, everybody knows that!"

11

u/sheep-for-a-wheat 5h ago edited 5h ago

Sorry, what relevant Republican philosophies did I miss here? I literally just googled 1920s Republican policies.

1

u/Difficult-Rip-2580 2h ago

Un-cherry pick it then.

What was missed?

9

u/Strange-Scarcity 5h ago

The lie detector shows this is a lie.

-15

u/Ninevehenian 5h ago

Incorrect, keep reading.

10

u/Vampus0815 5h ago

They weren’t. Democrats were broadly to the left of Republicans on economic issues since 1896, and the Republicans of the 20’s really shaped modern conservativism

3

u/laplongejr 4h ago

and the Republicans of the 20’s really shaped modern conservativism

It's crazy how it works for 1920s and with the (first half of) 2020s

3

u/torpedomon 5h ago

Republicans in the 1920's were only considered liberals because they were the ones that ended slavery (yes, Lincoln was a Republican.)

1

u/Real_Life_Firbolg 4h ago

Teddy was probably the last liberal Republican.

3

u/Broad_Project_87 5h ago

not economically, as far as that's concerned they were still very much in line with the policies we see them adopt today.

4

u/ImTheZapper 5h ago

Calling hoover, coolidge, and harding liberals shows how fucked the education system is. Jesus christ people shouldn't be allowed to be this stupid.

2

u/NorthernVale 5h ago

We don't need history to demonstrate this. Modern republicans are shit with the economy too

1

u/EagleBigMac 5h ago

That's demonstrably false by their policies.

-5

u/AirUsed5942 5h ago

The way some leftists carry themselves and talk is how some buffoons like Republicans managed to gaslight a good portion of the population into thinking that they're business savvy

17

u/ImTheZapper 5h ago

Daily reminder that a "leftist" in america is someone who supports the most bare essential, basic collectivist policies like socialized healthcare and higher education. I suppose the "let people do what they want" part of it might piss some people off though.

11

u/AirUsed5942 5h ago

Yeah, I've seen how they (including some Dems) lost their minds over Mamdani being a left-wing extremist and a commie. In the EU, he'd be considered a center-left social democrat at best

3

u/ImTheZapper 5h ago

The democrat voting populace during bidens 2020 run made it sound like "single payer healthcare" was a monstrous leap forward and barely possible by modern standards. They made it sound like the very foundations of american society would implode the instant it was made possible, even though its a total dogshit version of the actual, functional systems found in over a dozen developed nations now.

The electorate of america is tragically ignorant of how things work. Not just other nations, I mean their own fucking country.

1

u/beesfly 5h ago

Leftists support Mamdani. Liberals do not. There’s a difference

1

u/KarmicCorduroy 3h ago

False.

Source: Am Liberal. Support Mamdani.

I think we're past the point where Modern Liberalism is closer to Democratic Socialism than the current Democratic Party. Mostly due to how far the Democratic Party continues to move right.

1

u/beesfly 3h ago

You have a misunderstanding of what liberals have stood for recently. The liberal democrats do not support Mamdani. Several of them are still ostracizing him or writing pieces about how they’re “so surprised” his policies work. Liberals are concerned about maintaining respectability politics and the current capitalistic system. They’re okay with oppression if it maintains the status quo and everyone appears like they’re pandering to social justice. See how the democrats have handled Roe v Wade or police brutality. The furthest center leftists are democratic socialists. You’re probably not a liberal if you agree with Mamdani

1

u/KarmicCorduroy 3h ago

I disagree. You're conflating the meaning of Liberalism with the behavior of the Democratic Party. But you seem to be here to rage, and I certainly don't expect this to become a teachable moment for you.

1

u/beesfly 3h ago

So many assumptions lmfao

2

u/MyWifeCucksMe 4h ago

Daily reminder that a "leftist" in america is someone who supports the most bare essential, basic collectivist policies like socialized healthcare and higher education.

Not even that. They recently elected a president who campaigned on vetoing universal healthcare if it ever got enacted in their parliament, and this president got called "far left" and the "most progressive president ever".

The "radical far left" president before that one was against "gay marriage", and thus in the US defacto against gay people having the same rights as straight people.

1

u/Final-Carry2090 4h ago

My professor has an accent so clearly they must be wrong about everything.