Excuse me, did I blink and miss the huge recession.

I mean, 253,000 new jobs and a 3.4% unemployment rate. I'm no expert, but this is the weirdest recession I've ever seen.

Don't you worry House Republicans are planning on defaulting on US debt and destroying the economy.

Remember when our resident conservitards bleated that we were obviously in a recession because of one sole factor that was present even though none of the others were? Of course, it was another Bitch At Biden moment, nothing more.

Cue another idiot post by stupid Tommie-poo about Biden stuttering.

The thing is, Biden doesn't need to be an economic genius. He just has to not be a conservitard fool. The RepubliQ have made their focus expanding their power and taking away people's rights. Turns out, that's not such a brilliant economic strategy after all.

I almost hope they do. The thing is, people need to know that they'll do this shit EVERY year. It's nothing but performative art and virtue signaling. The party of fiscal responsibility is threatening to fuck up the world's economy (not just ours!). At what point will people get sick of their antics?

Don't you worry House Republicans are planning on defaulting on US debt and destroying the economy.

All biden has to do is to honestly negotiate with the Republicans & we will be ok.

By the way the Federal reserve is predicting a recession.

https://www.msn.com/en-ca/money/topstories/the-federal-reserve-predicts-a-u-s-recession-here-s-how-to-prepare/ar-AA1aB7SO?ocid=FinanceShimLayer

GDP since 2022

Q1  -1.4

Q2  -0.1

Q3  +2.6

Q4  +2.6

Q1 2023 - +1.1

These are not great numbers.

2022 inflation was 8.0% & wage growth was 6%; so real wages declined. Per Federal Reserve data, median real weekly earnings are down about 2.7% since Biden took office. Household debt increased 13% (the most in 20 years) as people continue to pay their current expenses with a credit card.  Once the cards are maxed out the economy will be in real trouble.

“Americans are borrowing more, but a big part of the increased borrowing is attributable to higher prices,” the New York Fed said in a blog post accompanying the release

https://www.cnbc.com/2022/08/02/household-debt-tops-16-trillion-as-inflation-surges-and-rates-rise.html#:~:text=Household%20debt%20climbed%20past%20%2416%20trillion%20in%20the,the%20largest%20gain%20in%20more%20than%2020%20years.

The workers participation rate is 62.6% down from 63.3% in Jan 2020 as the govt continues to pay people not to work.

The yield on the 2 year T rate is above the 10 year rate, which is a recession indicator

And the banks continue to have problems.  We have had several failures & each time one fails we are told this is the last one.

But don't worry liberals; Trump sucks

Stupid Tommie-poo should definitely kill himself before the Bidenopalypse happens.

Biden's been perfectly honest. He said again this morning--America pays its bills. Too hard for stupid Tommie-poo to understand? He's not going to allow the gutting of social programs. Clear?

We cannot deal with facts, Tom!  We must pretend everything is fine.  

If at any point in time, you fart out a list of everything negative that's happening, you can sound as if the world is coming to an end. Stupid Tommie-poo's list of stats was carefully selected to be pessimistic.

Stupid Tommie-poo LUVVVVVVS to cherry-pick statistics. He thinks it's a brilliant argumentative tactic. It's actually weak, idiotic, and transparent.

I'm surprised that you fall for it.

MP posts 2 facts & kevin is ok with that.  I post 10 facts & I am cherry picking.  Shows how delusional kevin is

The problem with MP's facts is that the job growth for Feb & March were reduced by a total of 140,000.  The unemployment number is clouded by the fact that the job participation rate remains high, which means the govt is still paying people not to work

Congress (the R's, specifically) will expand the debt ceiling by the due date after all the public and private infighting is done. One major reason why is neither party, despite perpetual arm flailing and incessant spitting during verbal arguments, can or is willing to afford the political fallout from failure to increase it. It represents political suicide, and these guys want to keep their cushy jobs for the next round. It's an often-played movie that we, as citizens, are forced to watch. The R's and D's take positional turns as the actors. Since 1960, Congress has voted to raise, modify, or extend the debt ceiling 78 times ( I Googled that stat, FWIW..blame the source). Both parties have used it as a weapon , historically and factually speaking.

The R's included approval of a one time increase in the debt ceiling in their recently passed spending bill in the House, but made that contingent on spending cuts over an extended period. Why is that surprising? That's typical R vs D monetary policy combat, isn't it? This argument starts and ends with positions on the need to curb govt spending ..and in which specific programs / areas are to be cut. I think we need to generally cut spending as stated previously, provided those cuts don't punish the tax-paying citizenry and the truly needy.  Now we have to define those latter areas with some specificity..and the perpetual argument resumes. The Congress will collectively find a way to concoct a budget / spending/ debt ceiling agreement by the due date and then hold nationwide press conferences that will involve 'bipartisanship' verbage. There's never an end to this movie..just short term act / sequel breaks.

Scuse me, this thread was about inflation / recession wasn't it? I think the above applies to those. The Federal Reserve , as of May 5, reported the odds of a recession in 2023 to be 64%. Feel free to argue with them. Some large - asseted ( or large-assed, if you prefer) banks have failed recently as all are aware ( some due to inept management, regulatory failures,  over-investment in certain securities, and massive depositor withdrawals in response to risk ) and there are 6 others on the verge of collapse, or so says this source... 

https://www.thestreet.com/banking/banks-most-at-risk-morningstar   ( call it my version of cherry picking if ya want..I don't care). One of those on that list (First Republic) just folded..I think Morgan Chase consumed them.

Decide for yourself, and know that there are of course other sources that suggest many more than that ( one estimate as high as 186..we all better doubt that and hope not) are at risk. I don't know, but things aren't rosy in the financial / banking sector. We'll see whether fear mongering or complacency actually wins here, or if we can formulate new and nontraditional descriptions for inflation / recession.  We'll see.

Personally, I miss watching NFL games. Not applicable to the debt ceiling necessarily, but real. I'll get over it..because I have to.