Democrats lie about recession

[rightwinger]

Insisting upon the precise definition of recession will be an even more fraught task in light of the unequivocal deterioration in economic activity reflected in today's 0.9% contraction in Q2 real GDP. Yet real consumer spending continued to forge ahead and the job market still has legs. It is too early to call the end of this expansion, but the hour is fast approaching." – Tim Quinlan, senior economist at Wells Fargo Securities

 

[rightwinger]

While this morning's GDP reading marks two negative quarters of GDP growth, we'll push back on the notion that we're in a recession. The first quarter was marred by a widening trade deficit due a surge in imports. This quarter a slowdown in inventory accumulation tipped GDP growth into the red. Neither of these readings provide much of an indication to the strength in the underlying economy. Personal consumption grew for the eighth straight quarter. Looking at the gains in spending alongside continued strength in payrolls, it's really difficult to call what we're experiencing right now a recession." – Cliff Hodge, chief investment officer for Cornerstone Wealth

 

[Meathead]

Indeed, the economy these days is just plain weird. Just look at how it's generating all sorts of contradictory data. The labor market, in particular, sure doesn't look recessionary. The economy created 2.7 million jobs in the first half of 2022. An ultra-low unemployment rate of 3.6% likewise doesn't square with an economic slump. And then there's consumer spending, which remains surprisingly robust.

All the smoke and mirrors don't change the fact that the economy is receding under the brilliance of Brandon and the Democrats.

"recede"> "recession", get it?

 

[rightwinger]

While GDP declined for the second consecutive quarter, the official definition of recession is a judgmental mix of levels and rates-of-change across several variables, most of which continued to expand in the first half of the year." – Jan Hatzius, chief economist, Global Investment Research Division at Goldman Sachs

 

[Canon Shooter]

While this morning's GDP reading marks two negative quarters of GDP growth, we'll push back on the notion that we're in a recession.

This marks the first time in history that two consecutive quarters with negative growth don't equal a recession.

Fucking fascinating...

 

[Oddball]

Quick rule of thumb
Lers see if US Economic Analysts declare a recession based on multiple economic factors

We can also see if that -0.9 percent gets adjusted upward as more data is received.

You seem so anxious to declare a recession

Quick rule of thumb:

If it's one of your posts, it almost invariably contains mischaracterizations, spin, and plain old lies.

You seem anxious to deny reality.

 

[JWBooth]

Democrats lie​

There, fixed it.

 

[SassyIrishLass]

Quick rule of thumb:

If it's one of your posts, it almost invariably contains mischaracterizations, spin, and plain old lies.

You seem anxious to deny reality.

If a Republican was POTUS they'd be screaming it's a recession at the top of their lungs

 

[Oddball]

If a Republican was POTUS they'd be screaming it's a recession at the top of their lungs

They would have been screeching it for the last year and a half.

That's all they bellered for eight years of Chimpola Bush, though no two quarters ever were underwater until the very end.

 

[Ralph Norton]

Show where it has been declared a recession by any economic body

Fox News doesn’t count

Seriously?
A recession does not need to be "declared", it has been accepted by EVERYONE for decades that a recession is 2 consecutive quarters of shrinking GDP but pathetic democrats such as yourself will STILL try to deny that we are in one now.

 

[Ralph Norton]

We aren't in a recession yet but boy if the corporate media and Republicans keep talking like this....

And of course increasing interest rates will slow purchasing but that was by design. To deal with inflation.

• President Donald Trump rails against Federal Reserve Chairman Jerome Powell, claiming that “people are VERY disappointed in” the central bank leader.
• Trump’s reaction comes a day after the Fed’s lowered interest rates for the third time this year.

Trump rails against Powell a day after the Fed cuts rates for a third time this year

Trump also tweets: "The Impeachment Hoax is hurting our Stock Market."

www.cnbc.com

How Trump’s Attacks on the Fed Have Made Its Job Harder​

The Federal Reserve has moved quickly to combat economic fallout from the coronavirus pandemic, but President Trump’s ongoing attacks may have weakened its message.

But... but....but.... Trump!

 

[Moonglow]

Neither does your punk lying ass

Rightwinger went on a diet and lost so much weight he is no longer an economic body.

 

[Moonglow]

Seriously?
A recession does not need to be "declared", it has been accepted by EVERYONE for decades that a recession is 2 consecutive quarters of shrinking GDP but pathetic democrats such as yourself will STILL try to deny that we are in one now.

We had a recession in 2020 and no one would admit it then either.

 

[Harpy Eagle]

Show where it has been declared a recession by any economic body

Fox News doesn’t count

Come on dude, you are just making yourself look silly.

 

[Moonglow]

If we are in a recession why do we still have a labor shortage along with a supply deficit issue?

 

[BluesLegend]

Of course the Democrats are LYING they LIE about everything. They cram through $433 billion in 'climate' spending then dare call that Inflation Reduction holy shit they are dishonest to the core.

 

[Harpy Eagle]

If a Republican was POTUS they'd be screaming it's a recession at the top of their lungs

And the Repubs would be saying it is not one.

Two sides, one coin

 

[Moonglow]

If a Republican was POTUS they'd be screaming it's a recession at the top of their lungs

They did during Boosh jr and it ended up being a recession.

 

[Papageorgio]

We aren't in a recession yet but boy if the corporate media and Republicans keep talking like this....

And of course increasing interest rates will slow purchasing but that was by design. To deal with inflation.

• President Donald Trump rails against Federal Reserve Chairman Jerome Powell, claiming that “people are VERY disappointed in” the central bank leader.
• Trump’s reaction comes a day after the Fed’s lowered interest rates for the third time this year.

Trump rails against Powell a day after the Fed cuts rates for a third time this year

Trump also tweets: "The Impeachment Hoax is hurting our Stock Market."

www.cnbc.com

How Trump’s Attacks on the Fed Have Made Its Job Harder​

The Federal Reserve has moved quickly to combat economic fallout from the coronavirus pandemic, but President Trump’s ongoing attacks may have weakened its message.

Two consecutive quarters of negative growth is a recession and we had had two consecutive quarters of negative growth. So, if not a recession, what is going on? 40 year high on inflation, negative growth, what Is it under a Republican? Recesssion for a Democrat it’s called?

 

[theHawk]

Quick rule of thumb
Lers see if US Economic Analysts declare a recession based on multiple economic factors

We can also see if that -0.9 percent gets adjusted upward as more data is received.

You seem so anxious to declare a recession