President Joe Biden slipped up while attempting to praise Nancy Pelosi, the former Speaker of the House, saying that she “helped rescue the economy in the Great Depression” instead of the “great recession.” Biden was heavily trolled because of the gaffe.
The video of Biden’s goof-up went viral on social media. “With Nancy leading the way, you never had to worry about whether the bill would pass. If she said she had the votes, she had the votes every time. And she had the votes for so many life-changing pieces of legislation. She also rescued the economy in the Great Depression,” Biden said.
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Many people jokingly pointed out that Pelosi was born on March 26, 1940, and the Great Depression happened between 1929 and 1939, which meant that the lawmaker was not even born when the economic crisis hit America.
Here is the video of it:
The following are a few reactions to his slip-up:
The Great Recession, as compared to the Great Depression, was the sharp decline in economic activity that started in 2007, spilling into global economies. It is considered the most significant downturn since the Great Depression in the 1930s. It officially spanned from December 2007 to June 2009, ensuing a global recession in 2009.
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The economic crisis began when the U.S. housing market went from boom to bust. Suddenly large amounts of mortgage-backed securities (MBS) and derivatives plummeted in value.
“Five years ago, the economy teetered on the brink of a depression. Addressing the crisis required responsible, bipartisan cooperation and leadership. That same spirit is needed today,” Pelosi once wrote in a USA Today op-ed