Democrats lie about recession

[basquebromance]

exhibit A:

 

[BluesLegend]

exhibit A:

WTF?

 

[Papageorgio]

exhibit A:

Thanks for the laugh.

 

[BluesLegend]

Meanwhile Democrats ignore inflation and the recession and cram through over $800 BILLION in new PORK spending plus $739 BILLION in TAX INCREASES.

 

[sealybobo]

When you have 300,000 jobs created per month with 3.6% unemployment...you aren't in a Recession

The more you talk about it the more people stop spending and then it's a self fulfilling prophecy.

Are we in a recession? Yes. No. Maybe. | CNN Business

Here's the Big Thing to know today: The US economy shrank in the second quarter of the year, and that does indeed meet the unofficial criteria for being in a recession. But, as you probably noticed, we're not rolling out the R-word in any definitive way yet (more on that in a minute).

www.cnn.com

Here’s the Big Thing to know today: The US economy shrank in the second quarter of the year, and that does indeed meet the unofficial criteria for being in a recession. But, as you probably noticed, we’re not rolling out the R-word in any definitive way yet (more on that in a minute).

The drop in second-quarter GDP activity — data that will be revised two more times — was driven mostly by a decline in inventory levels, my CNN Business colleagues report.

Basically, businesses have been scrambling to replenish stockpiles that got drawn waaaaaay down during the worst of the pandemic, when all of us were stuck at home thinking about ways to spruce up the house or expand the garden.

 

[sealybobo]

Meanwhile Democrats ignore inflation and the recession and cram through over $800 BILLION in new PORK spending plus $739 BILLION in TAX INCREASES.

We're not ignoring it. We got this. Relax.

 

[Marener]

They lie about everything.

It’s not a lie. It’s just that you don’t understand how it actually works.

The NBER declares recession. It’s not as simple as GDP growth.

 

[JWBooth]

exhibit A:

"The party told you to reject the evidence of your eyes and ears. It was their final, most essential command."
Orwell, 1984

 

[C_Clayton_Jones]

re·ces·sion
[rəˈseSH(ə)n]

NOUN

1. a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters:
   "the country is in the depths of a recession" · "measures to pull the economy out of recession

define recession - Bing

Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.

www.bing.com

Any person taking a college level economic course has learned that a recession is two consecutive quarters of decline in real GDP.

U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession

The U.S. economy shrank at a annual 0.9% pace in the second quarter to mark the second decline in a row in gross domestic product, intensifying a debate over...

www.marketwatch.com

But a recession isn't helpful to the democrats in furthering their agenda so they have undertaken the Orwellian task of lying reality out of existence.

Biden's top economic dog, Janet Yellen is faced with addressing the recession, and has chosen a favorite tactic of the democrat party - she is flat out lying.

{
Treasury Secretary Janet Yellen doubled down on her claim that the US economy is not in a recession — despite the fact that the latest GDP report showed its second straight quarterly decline.

Yellen said experts “should avoid a semantic battle” when discussing the US economy, even as the White House on Thursday scrambled to push back against the widely held view among economists that two straight quarters of GDP declines are the definition of a recession.}

Janet Yellen denies US recession as GDP drops for 2nd straight quarter

Yellen said experts “should avoid a semantic battle” when discussing the state of the US economy.

nypost.com

Joe Biden lied to the America people as well.

Biden White House talking points redefining recession quickly embraced by media outlets

Several news outlets are warming up to the Biden administration's efforts to change the definition of a recession ahead of potentially damning GDP data set to be released.

www.foxnews.com

Will the lies of the democrats lessen the impact of this recession? Will the public buy into it? Will the NY Times and other party propaganda be able to erase 200 years of economic reality to serve the current regime?

Unreliable rightwing sources.

Republicans lie about Democrats lying

 

[francoHFW]

Neither does your punk lying ass

that was before the pandemic and Putler and stupid GOP base who refuse to get vaccinated masked etcetera etcetera etcetera changed the rules.... After last year's ridiculous growth, this could almost be expected. There are still plenty of jobs to be had lol this is not a typical recession DUHHHHHHHHHHHHHHHHHHHHH

 

[berg80]

 

[boedicca]

We're doomed - another Shortage brought to you by the Xiden the FICUS program of perpetual Stagflation and Declining Standards of Living. Expect an announcement that Reese's will be filled with chopped grasshoppers instead of PB.

Trick-or-treaters may be missing some of their favorite Halloween candy this year, as the maker of Reese’s Peanut Butter Cups, Kit Kats, Hershey’s Kisses, Mounds and Almond Joy has warned that it won’t be able to meet consumer demand this fall.

And Hershey says that the shortage is expected to run into the December holidays, as well. Boo, and bah humbug!

“Seasonal consumer engagement is expected to remain high, and we expect high single digit sales growth for both our Halloween and holiday seasons,” said Hershey Co. CEO Michele Buck in prepared remarks for the company’s second-quarter earnings call this week. “Despite this strong growth, we will not be able to fully meet consumer demand due to capacity constraints.”
Like many manufacturers and distributors, Hershey has been hit by supply chain disruptions related to the pandemic and the war in Ukraine this year, which has made some ingredients scarce, even as inflation has raised the price of dairy products needed to make its signature chocolate.

A Reese’s Peanut Butter Cup shortage? Hershey won’t meet Halloween candy demand, CEO warns

 

[C_Clayton_Jones]

Words mean things.

When words have meanings that undermine the agenda of the democrat party, your Reich redefines those words.

Which is why I started this thread with the textbook definition of recession.

The Reich is desperate, and lying is your only escape.

The question is, will the public go along with your attempt to rewrite reality to suit party goals?

The reprehensible right is celebrating a recession too soon; if there is a recession it will be mild and short, over long before 2024.

 

[sealybobo]

I criticized Bush plenty, I just wasn’t a rabid hater like the left became. When the left lied about Abu Ghraib and the US military I realized what absolute pieces of shit the real left is.

“Defending” President Trump was easy because he was great for America. He brought back half a million manufacturing jobs, secured our border, and didn’t start any new wars. By far the best President in my lifetime.

No he didn't. And the jobs he brought back, paid much lower than what they paid when they left.

Didn't secure our border

Didn't get us out of any wars

The worst

Donald Trump: In manufacturing, "I brought back 700,000 jobs. (Obama and Biden) brought back nothing."

PolitiFact’s ruling: False

 

[Ralph Norton]

The reprehensible right is celebrating a recession too soon; if there is a recession it will be mild and short, over long before 2024.

And you received your degree in Economics from where?

 

[SassyIrishLass]

And you received your degree in Economics from where?

Same place he got his Constitution expertise.... pulled it right out of his ass

 

[berg80]

Meanwhile Democrats ignore inflation

Let's talk about inflation and the multiple causes for it. For instance, while Biden's stimulus package can fairly be cited as part of the cause, it's far from the only one and not as big as reason as Repubs suggest.

Stimulus Spending a Factor, But Far From Whole Story on Inflation - FactCheck.org​

Economists cite several reasons for high inflation in the United States, starting with the unprecedented circumstances created by the COVID-19 pandemic. But TV ads in midterm races across the country blame one culprit: stimulus spending by President Joe Biden's administration.

www.factcheck.org
Not to mention that without it, Moody's estimated the country would have had an economic consequence equivalent to a depression.

Economic View​

www.economy.com

Then there is the issue of supply chain constraints which caused too much money to be chasing too few goods. A carryover effect from the pandemic.

The Fed is also partly to blame for being late beginning the cycle of rate increases.

Add to all that Putin's invasion of Ukraine. Which exacerbated inflation by causing a spike in energy and food prices.

So.....as badly as simpletons like yourself want to lay inflation at the feet of Biden it's just more complicated than that. Which explains why you have difficulty comprehending the issue.

 

[Uncensored2008]

The reprehensible right is celebrating a recession too soon; if there is a recession it will be mild and short, over long before 2024.

No one is celebrating the destruction of the nation by you vile Nazi fools.

We are in a recession, you ignorant troll. I hope it is mild, but with the 8 trillion in debt you vermin have added, that won't be the case. You came in and stole everything that wasn't nailed down - now the private sector is left to pick up the pieces.

 

[boedicca]

No he didn't. And the jobs he brought back, paid much lower than what they paid when they left.

Didn't secure our border

Didn't get us out of any wars

The worst

Donald Trump: In manufacturing, "I brought back 700,000 jobs. (Obama and Biden) brought back nothing."

PolitiFact’s ruling: False

OOOOOooooo...POLITIFACT CHECK!

Scawy.

 

[Papageorgio]

Let's talk about inflation and the multiple causes for it. For instance, while Biden's stimulus package can fairly be cited as part of the cause, it's far from the only one and not as big as reason as Repubs suggest.

Stimulus Spending a Factor, But Far From Whole Story on Inflation - FactCheck.org​

Economists cite several reasons for high inflation in the United States, starting with the unprecedented circumstances created by the COVID-19 pandemic. But TV ads in midterm races across the country blame one culprit: stimulus spending by President Joe Biden's administration.

www.factcheck.org
Not to mention that without it, Moody's estimated the country would have had an economic consequence equivalent to a depression.

Economic View​

www.economy.com

Then there is the issue of supply chain constraints which caused too much money to be chasing too few goods. A carryover effect from the pandemic.

The Fed is also partly to blame for being late beginning the cycle of rate increases.

Add to all that Putin's invasion of Ukraine. Which exacerbated inflation by causing a spike in energy and food prices.

So.....as badly as simpletons like yourself want to lay inflation at the feet of Biden it's just more complicated than that. Which explains why you have difficulty comprehending the issue.

It is at the feet of Congress, Republicans, Democrats, Trump and Biden. As a whole they have brought us to this point and no clue how to get out of it.