2008 vs 2020
 

Which year was worse? Not necessarily for you but for the country as a whole.

2008 was bad financially but we recovered just fine.

2020 is creating deep emotional rifts that will take a generation to heal.

Social experiment?

Silly poll..... 1.3 million dead as of today

4028 is really going to suck. Glad I won't be around for it.

No comparison. 2008 was far worse financially, but had none of the societal issues of 2020.

Interesting perspectives and really thought provoking.

Spanish Flu - 50,000,000.

In other words, it could be a lot worse.

Can't even buy TP in 2020....really? 2008 - people over extended their credit and banks allowed it.

I agree.

I removed the vulnerabilities I had in 2008, made bunkering down in 2020 a cake walk.

I answered the question based on my own level of discomfort.

However the question as stated is about the "country" and not me personally.

I just hope that there were a lot of folks like myself and they too took a defensive position.

I know these two guys that went into business together about 18 months before Covid hit. They both discounted my advise when they asked me about their business model. In fact they laughed at me and threw caution into the wind dumping their collective life savings into it.

Now the one partner is pissed at the other for dragging him into a bad business model and wants out.

Both are fighters, I just hope they have some fight left after this bloody nose.

2020

Our business lost a few projects that simply did not occur due to the Whuan flu. Overall however we are up in earnings.

2020 sucks for many reasons, but every year has ups and downs.

2008 was a financial problem that was recovered from quickly, 2020 will be historically known as a mental health crisis that will have lasting effects for years to come.

2008 and 2020 is the same storm with the intervening years being the eye or relative calm of the hurricane.

The crisis that started in 2008 was the termination of the Great American Post WW2 Prosperity Bubble. An end of an era. But the dummies never realized that prefering the continuation of a delusion over facing reality. Which then led to an eventually to a bigger crisis in 2020.

Lot of good observations here - 2020 will change allot of things for a very long time.

Poor people are still reeling from 2008
Wealthier have recovered

This all came out in the 2016 election and is on display in 2020

We are not done yet. There are economic and cultural challenges that we need to face or they will destroy us. Politics is merely the frustration being expressed. Keep this out of PARF.

2008 was financial.

2020 - over 200,000 dead and counting.

You be the judge.

The financial damage set in motion by the lock down over covid in 2020 will make the damage of 2008 look like a small blip. The cost of 2008 on a fed level was roughly a trillion dollars through the TARP. The feds have already committed four times that for the coivd relief in 2020 and are looking for a lot more in 2021 even if the feds lift all the lock downs.
2020 was with out a doubt much more damage on a financial level than 2008.

As for the 200,000 plus who died from covid in 2020? The over all death rate in the US could, and most likely went down in 2020, with the lock down there was much less driving and the related car accidents, business were shut down and the related work place accidents were lessened. And of course the transfer of diseases was lessened in 2020 , so even with the highly contagious covid, was there less over all deaths from infectious diseases in the US from 2020 than other years? easily could be what we find out when the numbers are all tallied. I think the jury is still out on if death rate was unusually high during 2020 in the US compared to previous years discounting war deaths.

I went with 08. Back then jobs went away and people weren't so sure they'd be getting them back. Once we clear the hurdle of Covid, things will, or should, get back to moving fairly quickly.