Democrats lie about recession

Uncensored2008

Libertarian Radical
Feb 8, 2011
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Behind the Orange Curtain
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


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


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.}


Joe Biden lied to the America people as well.


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?
 
Doesn't matter....Two quarters of negative growth has always indicated recession.

Your usual slew of mischaracterizations, spin, and plain old lies can't save you this time, assclown.

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

Fox News doesn’t count
Lol, as predicted. Your boy is a failure and him printing money the way they are. It's only going to get worse. Like I said a farmer was interviewed and said her feed has over doubled in price and diesel is at an all time high. We could be paying $17.00 a pound for chicken this fall. Obama was right, don't underestimate how bad Joe can fuck something up.
 
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
Biden was handed a secure border, improving economy, low energy prices, and low inflation. He totally screwed it up.
 

U.S. gross domestic product contracted 0.9% in the second quarter, following a decline of 1.6% in Q1. Although two consecutive quarters of negative growth don't constitute the official definition of a recession, economists and strategists remain split on whether we're in an actual downturn or not.
 
The economy has shrunk for two consecutive quarters so it is a recession by definition. Now, if people want to believe Biden and not facts, then that seems par for the course. Hell, he can’t define a woman and now neither can other left wingers, no crisis at the border with millions trying to get in but a few buses in Washington DC of illegals is a major crisis. Covid the big attention diverter isn’t working anymore, so the vaccine and masking BS are done.

Thing s are not that great and thus Biden’s numbers have slipped. Carter at least had the wherewithal to call it the way it was, Biden doesn’t seem to get it.
 
Show where it has been declared a recession by any economic body

Fox News doesn’t count
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.

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.
 
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.
 

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