Covid-19 recession vs. 2008 recession l GMA Digital financial crisis 2008 explained

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Economist Austan Goolsbee breaks down the biggest differences and similarities for both recessions, and offers hope on how and why our recovery now might be faster than in 2008.

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Covid-19 recession vs. 2008 recession l GMA Digital
financial crisis 2008 explained
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20 comments

Nicolaas 24/09/2021 - 3:52 AM

All I have to say is, "No fucking shit"

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Auto Auto 24/09/2021 - 3:52 AM

Anybody Here That Lost Job in 2008 and Again Now in 2021???

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James Tice 24/09/2021 - 3:52 AM

They boss gave everyone at the shop a spontaneous raise between .25- 3 dollars. This is going to be a bumpy ride.

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Pirvog Compost 24/09/2021 - 3:52 AM

So, the 2008 crisis was caused by the capitalist mode of production. the 1929 crisis was also caused by the capitalist mode of production. in fact, every capitalist crisis has been caused by the capitalist mode of production, i.e. capitalism itself. and now you want us to believe that this crisis is caused by "covid" which has like 99, something survival rate?

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Alexandra Perez 24/09/2021 - 3:52 AM

This depression will be much harder to overcome because a LOT of small businesses of all kinds were forced to close. All those people need a job now and will be competing to get a job with all the people that were employed and lost their job too.
Also, no one knows how long the virus will be around uncontrolled so less people will take the risk to open new businesses.

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Atom 24/09/2021 - 3:52 AM

Don’t worry while the tub is clogged. The government will snake the sink.

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Pankaj Gaihre 24/09/2021 - 3:52 AM

i want to remember this video…that's wy i liked it.

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Kevin BL 24/09/2021 - 3:52 AM

Did ESPN lend you this guy?

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Bryon Watkins 24/09/2021 - 3:52 AM

YES, it will, not probable, it WILL be worse!!!!

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Bryon Watkins 24/09/2021 - 3:52 AM

Oh, almost forgot. Look for a housing crash around March 2021!!!!

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Bryon Watkins 24/09/2021 - 3:52 AM

Bro, on Facebook since April 2020, i’ve been telling people we’re fucked!!!! This recession is worse because it hit quickly!!!!

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353535336373373 24/09/2021 - 3:52 AM

Not every recession is a 2008

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Nathan Harris 24/09/2021 - 3:52 AM

Trump being a dumbass doesn't help ethier

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Dicom Ohio 24/09/2021 - 3:52 AM

Some people have never financially made it out of the great recession. It took 10 years to fix my income and assets. Last recession taught me alot and I have become wealthier this time around. If I am lucky, I can be in a great position 3 to 5 years from now

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Unknown Unknown 24/09/2021 - 3:52 AM

Its ALL been PLANNED in advance. Covid released globally by weather manipulation. They planned the economic collapse. Federal reserve is no more government then fed ex.
ONE DAY CLOSER TO THE NWO GLOBAL GOVERNMENT.
Answer..
Choose Jesus Christ
Do I speak truth.
Here is truth.

1) Trump will be in office again

2) Illuminati game card to assassinate Trump

3) First attempt will fail

4) 2nd attempt will be successful.

Who will do this.

The devil. To kill, steal, and destroy.

Jesus Christ is coming soon.

God will provide for you, heal you, deliver you, and give you eternal salvation.

Answer.

Choose Jesus Christ

Reply
Thomas Maxon 24/09/2021 - 3:52 AM

Your analogy is very obtuse. The fragility of the labor force was hanging on by the edge, its not unplugging the clog, many these jobs are gone forever due to technology fast-forwarding 10 years. The 4th industrial revolution is upon us and a new paradigm shift is upon the labor market.

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FortNikitaBullion 24/09/2021 - 3:52 AM

The economy was in a bubble in 2019. COVID was only a catalyst in bursting the bubble.

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Wendy Patrick 24/09/2021 - 3:52 AM

guys sellin smoke….. their was already signs of recession before covid19. pulling it off our backs could prove impossible i dont see aids getting pulled off the back of people. just because we have fixed alot of things doesnt mean their will be a fix just like our friend AIDS .

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Sandy Rene' 24/09/2021 - 3:52 AM

We will have an L shaped recovery because our government will destroy any progress from the grassroots.

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Mel_Ann 24/09/2021 - 3:52 AM

Can't sleep .. Interesting video

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