Yes and no. Yes the level of discourse was always that bad, but previously the people posting at that level were Internet randos, not the President of the United States and the executives of our most important businesses.

I do wonder if these clowns appreciate the long-term consequences of shattering the mystique of business executives. It's all memey fun and games in the moment, but later on when you have to make the counterargument against "why do these people deserve their billions? why shouldn't they all go up against the wall instead?" and you try to say "Well, it's because they're so talented and brilliant; doing so would cause incredible harm to the economy without their strong guidance", it becomes much harder to do that convincingly when we can all see them behaving like toddlers in public.