You do realize that recessions are absolutely necessary for economies?
They readjust price abnormalities.
They bring market forces back to where they should be.
Recessions are NOT bad.
And they help to stop economies from falling into depressions.
They are like a pressure-release valve on an economy that is overheating (in one form or another).
They are only bad for people who are not prepared for them.
Which is almost always - their own, damn fault.
Where did I say that recessions should never happen???? My only comment was that the OP was gleefully declaring a recession on July 2nd on the basis of forecasts, not facts, - before ANYONE had published the actual GDP numbers for Q2, which still haven't been published.
He's not praying for a recession because he thinks it's a good thing for the country. He's praying for a recession so that Republicans will retake the House, and crash the economy - again. There is no way you're ever going to get a member of the Trump Cult to accept recessions as a good and necessary thing in a capitalist economy.
I strongly disagree with your last paragraph. Use your head, man. If you are dependent on government assistance for either food or housing, how the hell are you going to be able to "prepare" for a recession, if you don't even earn enough money to support you family in the first place.
The truly remarkable thing about conservatives expecting the poor to "prepare for a recession", is that they don't expect rich people to do the same. Every time the economy crashes, the government bails out the big corporations, and the billionaires who are losing money in the recession, but not working Americans and especially not low income Americans, the people who suffer the most economic loss in a recession. Your economic system has devolved into "private profits in good times, and government bailouts during the recessions" for companies which are now deemed "to big to fail". The rich get richer and working people get nothing.
Notice how quick the Trump Administration was to pass the Payroll Protection Act, and give billions of dollars to airlines, cruise ship companies, and big chain restaurants, none of which helped the millions of Americans who had already LOST their jobs or who worked for companies that didn't get any money. They forced small independent retailers to close and let Walmart and other big box stores stay open.
The whole purpose of the "social safety net" in First World Countries, is to cushion the blow of economic downturns and recessions for low income and middle class citizens who suffer the most economic displacement in a recession. The people with the least economic control or power, are the ones who need the most assistance. Stop blaming them for "not being prepared".
The USA has the largest wage and wealth gap in the first world, and the weakest social safety net, infrastructure, and public education network in the first world. That's why your middle class is shrinking, and it gets smaller and smaller as wealth continues to consolidate at the top.
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