WH: As U.S. Is In Recession, Biden “Does Not Think There Will Be A Recession”

[Weatherman2020]

You think this is 1920??

Inflation rate during the entire depression was less than 3.5%.

 

[Faun]

Liar. UE was 6.3% when Brandon was installed.

Unemployment rates lower in January 2021 in 33 states : The Economics Daily: U.S. Bureau of Labor Statistics

Unemployment rates were lower in January 2021 than in December 2020 in 33 states and the District of Columbia and stable in 17 states. Forty-eight states and the District of Columbia had jobless rate increases from a year earlier, and two states had little change. The national unemployment rate...

www.bls.gov

Nah, the real unemployment rate Trump handed Biden was 11.1%. It's currently at a record low.

 

[Faun]

Inflation rate during the entire depression was less than 3.5%.

LOL

Oh look, you show the forum you're ignorant of deflation.

Still, the record high was in 1920. Anyone claiming we have record inflation now is as ignorant as you.

 

[Faun]

Do you live in a cave? Right now.

Right now ....... 8.2%
June, 1920 ... 23.7%

The record, which coincidentally matches your IQ, was actually set more than a century ago.

 

[jknowgood]

Right now ....... 8.2%
June, 1920 ... 23.7%

The record, which coincidentally matches your IQ, was actually set more than a century ago.

Go how they figured out inflation in 1920, and do it the same way. It would be the same, anyway we aren't even close for it to get better. Maybe when Republicans take over both houses in January.

 

[Faun]

Go how they figured out inflation in 1920, and do it the same way. It would be the same, anyway we aren't even close for it to get better. Maybe when Republicans take over both houses in January.

Moron, inflation is not at a record high. Exactly how rightarded are you??

 

[jknowgood]

Moron, inflation is not at a record high. Exactly how rightarded are you??

I'm fine, I live within my means. Biden has screwed the pooch and it's time for impeachment.

 

[Faun]

I'm fine, I live within my means. Biden has screwed the pooch and it's time for impeachment.

For inflation?

 

[Weatherman2020]

Nah, the real unemployment rate Trump handed Biden was 11.1%. It's currently at a record low.

Dufus. The ChiCom WMD attack is long over.
BTW - the U-6 you flipped to is currently at 8.8%

Let’s Go Brandon!

 

[Weatherman2020]

LOL

Oh look, you show the forum you're ignorant of deflation.

Still, the record high was in 1920. Anyone claiming we have record inflation now is as ignorant as you.

You’ll be learning what people think of Bidenomics in a couple of weeks.

 

[Faun]

Dufus. The ChiCom WMD attack is long over.
BTW - the U-6 you flipped to is currently at 8.8%

Let’s Go Brandon!

LOLOL

How can you be this stupid when the data is so readily available?

The current rate is a record low 6.7%, not 8.8%...



... and that's the real unemployment rate.

 

[Faun]

You’ll be learning what people think of Bidenomics in a couple of weeks.

Not really. The president's opposition party almost always wins seats in the mid term. Regardless of the economy.

 

[sealybobo]

By the new democrat definition, the USA is not in a recession. Will never be in a recession until there is a republican president then America will have been in a depression for the last 36 months just like that.... and it will all be the republican president's fault.

Between WW3, the clot shot, starving to death, and freezing to death this winter, Joe Biden's handlers think a recession is going to be the least of our worries real soon...

GDP Report Is Bad News For Republican Recession Claims​

Republicans dismissed the positive third-quarter GDP report after treating the first two negative quarters as gospel.

All summer, Republicans claimed the U.S. economy was in a recession because the country’s overall economic growth went negative for the first half of the year.

McCarthy and other Republicans argued that two quarters of negative growth automatically amounted to a recession — even though recessions usually involve mass job loss, not just negative growth. And there’s been nothing but rapid job growth this year. On Thursday, the Commerce Department announced the economy grew in the third quarter.

The positive growth doesn’t mean there’s no recession lurking around the corner ― but it does mean that if one had already started this year, it was really mild, involved no widespread layoffs, and the unemployment rate remained near historic lows the entire time.

In a statement reacting to the 2.6% increase in gross domestic product, President Joe Biden did a victory lap around his haters.

“For months, doomsayers have been arguing that the U.S. economy is in a recession and congressional Republicans have been rooting for a downturn,” Biden said. “But today we got further evidence that our economic recovery is continuing to power forward.”

Economists said the third-quarter GDP report showed an overall healthy economy, with strong consumer spending and business investment, along with hints of slowing inflation. Republicans still pooh-poohed it.

GDP Report Wrecks Republican Recession Claims

Republicans dismissed the positive third-quarter GDP report after treating the first two negative quarters as gospel.

www.huffpost.com

 

[g5000]

Inflation rate during the entire depression was less than 3.5%.

That's right, moron. The Great Depression suffered from DEflation.