I am not sure what the perspective is: we aren't the same economy (there are true financial system differences between now and say, 1985) and, even if we were the same, the three other shocks that rise like this are two world wars and an oil crisis. This is some dunderding old narcissist thinking he's the toughest kid on the block. You could argue the oil crisis was a similar result of the US never, ever learning a lesson about intervening in others' political systems (especially if there's oil involved), but trend line or not, no one had to go through this.
And the trend line would bend differently if we could just learn the lesson.
And yes I am oversimplifying: the current conditions are actually do to a number of stupid things the current administration did because they assumed everyone who came before them was stupid and woke, but this just strikes me wrong, as though the chart should be comfort to someone struggling to make rent or pay for medicine or what have you. Much of this could have been avoided.
The "stupid and woke" thing is just marketing, they know exactly what they're doing.