Missourian
Diamond Member
Yeah...sure...sometime next year...after the midterms...they'll finally admit that Republicans were right when they said
The "experts" of the Biden administration...then and now...
...
Democrats lie about recession
- Thread starter Uncensored2008
- Start date
The "experts" of the Biden administration...then and now...
...
Like where their next paychecks are coming from, after being wrong so consistently.
By decades long definition it is a recession, until the democrats decide to rename it to cover their butts.
They will say whatever the democrats tell them to say or risk losing their funding.
They consider the political climate and what the ruling party say to say. Just like the worthless covid lockdowns and shots. So simple even you should be able to figure it out instead of just saying "maybe".
rightwinger
Award Winning USMB Paid Messageboard Poster
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When are we actually in a recession? It’s when these 8 economists say we are.
There’s something odd about the economy right now. If you look at the pace of hiring, it’s historically strong. If you look at the output of the overall economy as measured by the gross domestic product, it’s contracting. Consumers are about as negative about the economy as they’ve been in...
www.grid.news
Business Cycle Dating Committee Members
It is not paranoia when it is true. What is paranoid is continually claiming it is a plot against you.
So? And you are claiming that any of these could not be wrong or change their minds at any time? Rather hopeful of you when faced with an actual recession.When are we actually in a recession? It’s when these 8 economists say we are.
There’s something odd about the economy right now. If you look at the pace of hiring, it’s historically strong. If you look at the output of the overall economy as measured by the gross domestic product, it’s contracting. Consumers are about as negative about the economy as they’ve been in...
View attachment 676770
Business Cycle Dating Committee Members
www.nber.org
Btw, what about the economist that say we are in a recession? Are they automatically wrong because they don't agree with your claims?
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rightwinger
Award Winning USMB Paid Messageboard Poster
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You reinforce my statement without even trying to.
Yea…..Everyone IS out to get you
Uncensored2008
Libertarian Radical
- Thread starter
- #191
It's the text book definition.
But since Xi's Biden Regime ran the economy into the rocks, the fascists want to rewrite reality.
Uncensored2008
Libertarian Radical
- Thread starter
- #192
Nope - fascist stenographers are trying to alter reality.
Virtually ALL legitimate economists have slapped you morons down already. Only Krugman is carrying the Reich lie.
Yes, We Are in a Recession: Here's How to Protect Your Portfolio
Gross domestic product in the U.S. fell 0.9% in the second quarter of 2022, marking the second consecutive quarter of negative growth, the commonly accepted definition of a recession. The National Bureau of Economic Research is the body that officially … Continue reading → The post Yes, We Are...
It's the textbook definition.
And you Nazis haven't the time to rewrite all the textbooks.
Your lie failed.
Are We Already In A Recession? Yes, According To Fed Indicator With ‘Excellent’ Track Record
After weak spending data for May, this Fed indicator slipped into negative territory, and Bank of America cut its economic growth forecast to zero.
www.forbes.com
No reputable economist claims otherwise - only that clown Krugman.
Uncensored2008
Libertarian Radical
- Thread starter
- #193
It's a recession, and you're a ******* liar - as are the Stenographers for the Reich.
de Wolff: Yes, This Is a Recession
Playing word games won’t disguise the fact that Americans are hurting.
www.thedartmouth.com
toobfreak
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Pretty funny OB that in a time like this, our "president" is more concerned about arguing the technical definition of a recession than actually dealing with it.
As Steve Gruber pointed out, if the economy is hitting you badly enough to call it a recession, then it probably IS a recession!
The unusual thing here is that typically in a recession, you have high unemployment, but that could yet still come. Meantime, employed or not, if inflation is high enough, it still ACTS and FEELS like a recession because costs are so high and unaffordable.
The Biddum Administration ought to be more concerned that everyone is calling this a recession rather than trying to argue why technically, it isn't. Yet.
Bet that opinion changes a lot by this November when food shortages begin.
Compared to your sources? Lol
Uncensored2008
Libertarian Radical
- Thread starter
- #196
What makes this recession different is that it SHOULDN'T be happening. We had a complete shutdown of the economy due to the Chinese biological attack. As those lockdowns lifted, the economy was rebounding rapidly - until Xi's Biden Regime took over and siphoned $8 trillion from the private sector for their fascist schemes. This crashed a robust economy. The employment we have is people who returned to work after being locked out of them during the Wuhan scourge.
At the start of 2019, 157 million Americans were working. That is the largest number in history - in August of 2022 we have not regained that number.
Record Number of Americans Working: 157 Million on the Job in the U.S.
The Labor Department produced a Labor Day video to highlight the American worker and the accomplishments of the Donald Trump administration.
www.breitbart.com
Unemployment is low, yet we still have not regained all the jobs that were had before the attack.
Uncensored2008
Libertarian Radical
- Thread starter
- #197
Yes, compared to our sources.
Politifraud, DailyKOS, Raw Story, Democratic Underground - none of them have even a hint of credibility - yet they are all you read.
Can you find any sources that debunk the stuff I post? No you can not.
Uncensored2008
Libertarian Radical
- Thread starter
- #199
I debunk your idiocy routinely.
Resnic
Diamond Member
- May 2, 2021
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What makes this recession different is that it SHOULDN'T be happening. We had a complete shutdown of the economy due to the Chinese biological attack. As those lockdowns lifted, the economy was rebounding rapidly - until Xi's Biden Regime took over and siphoned $8 trillion from the private sector for their fascist schemes. This crashed a robust economy. The employment we have is people who returned to work after being locked out of them during the Wuhan scourge.
At the start of 2019, 157 million Americans were working. That is the largest number in history - in August of 2022 we have not regained that number.
Record Number of Americans Working: 157 Million on the Job in the U.S.
The Labor Department produced a Labor Day video to highlight the American worker and the accomplishments of the Donald Trump administration.
Unemployment is low, yet we still have not regained all the jobs that were had before the attack.
It's happening because the current administration is printing too much money that is backed by nothing except promises. That's ultimately why this is happening. They weakend the us dollar by over saturating the dollar and lowering its value.
What money actually is is debt. It's part of the debt market. A dollar is debt in reality and not what most people's brains perceive it as. The us dollar doesn't represent actual money or value because it's just paper that says 1 dollar.
The deeper in debt we get the more money we print, the more money we print the less it's worth.
The other part of the debt market is bonds, and the only people buying bonds are our own government with more printed money so the market doesn't crash. That's why right now the bond market has a inverted yield curve meaning interest earnings are higher on 2 year bonds than they are on 10 year bonds, which is the exact opposite of how it's supposed to work.
It also doesn't help the current administration is printing billions and trillions to just give away to other countries.
It all started with inflation. Which doesn't mean products are getting more expensive to make, it means it takes more dollars to make them because the dollar is losing its value. What used to cost 1 dollar now costs 1.85 dollars because the value is much lower on a dollar
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