When is the US in an economic recession?

Originally posted by: Boilerman

Housing crash to follow.


We could go back to zero percent interest rates and it wont.  Is that what you're advocating?

We can be certain that had Biden throttled back the pandemic stimuli, every conservitard, including of course our gang, would have been whining about the resultant high unemployment and howling for Biden's head.

 

In other words, they bitch in order to bitch.

Originally posted by: Kevin Lewis

We can be certain that had Biden throttled back the pandemic stimuli, every conservitard, including of course our gang, would have been whining about the resultant high unemployment and howling for Biden's head.

 

In other words, they bitch in order to bitch.


I was complaining about the Trump giveaways, and the Biden giveaways.  When it became apparent under Biden that inflation was going to jump, he chose to pump more money into the economy.  I and others on this site called that inflation what get out of hand.  It was easily predictable.

Originally posted by: PJ Stroh

We could go back to zero percent interest rates and it wont.  Is that what you're advocating?


I advocated that Biden not keep throwing fuel on the fire.  That ship has sailed.  He completely fucked this up.


Originally posted by: Boilerman

I advocated that Biden not keep throwing fuel on the fire.  That ship has sailed.  He completely fucked this up.


More people are working and more businesses are operating than if he hadn't continued the pandemic relief. So it depends on your point of view. If all you care about is prices and you never had a job that was affected, then, sure, you can say it didn't benefit ME ME ME ME ME...which is conservatism in a nutshell.

Kevin, how many more people are working?

Originally posted by: Boilerman

I advocated that Biden not keep throwing fuel on the fire.  That ship has sailed.  He completely fucked this up.


This is WAY over their heads.  That is why I don't debate.  I just rip on the truly repulsive ones here.  

Originally posted by: Boilerman

Kevin, how many more people are working?


Anyone whose place of employment was shuttered or scaled back by order of their state due to the pandemic.

And since I know you will respond to that with something about "liberals" we can use deep red Indiana as one example where restaurants, bars, hotels, airlines, schools, sporting events, concerts, conventions, and offices had to adjust staffing for state laws and lack of business from nobody travelling.

 

SO if Boilerman thinks we would be in a better place  by sending all those people to the breadlines instead of suffering a few years of inflation then he is entitled to.   Many Trump voters feel the same way....and just like Boilerman they only started feeling that way once Trump left office.      Now they say only checks written by Democrats add to the money supply.   I invite everyone else to point and laugh

For those who can't remember when biden & the democrats loved GDP, just 6 months ago

 

"In 2021, we had the fastest economic growth since 1984," he said on social media. "The Biden economic plan is working, folks." The "White House" said in a statement, "We just learned that President Biden's first year in office was the strongest year for economic growth since 1984

 

The comments followed a government report that the economic grew at an annualized rate of 6.9% in the final quarter of 2021, putting the year's growth at 5.7%. Multiple liberals joined the campaign promoting the talking point, including Sen. Chuck Schumer, who said, "You're going to want to make sure your friends see this

 

How we have have the second qtr in a row of declining GDP & the biden gang now says the GDP doesn't count.

 

Other weak economic news

 

Housing starts down

Housing sales down

Unemployment claims up

Inflation 9%+

Job participation down

Car sales down

Oil still around $100

Walmart (who has almost a 10% mkt share) anticipates retail sales down

 

 

 

Originally posted by: tom

For those who can't remember when biden & the democrats loved GDP, just 6 months ago

 

"In 2021, we had the fastest economic growth since 1984," he said on social media. "The Biden economic plan is working, folks." The "White House" said in a statement, "We just learned that President Biden's first year in office was the strongest year for economic growth since 1984

 

The comments followed a government report that the economic grew at an annualized rate of 6.9% in the final quarter of 2021, putting the year's growth at 5.7%. Multiple liberals joined the campaign promoting the talking point, including Sen. Chuck Schumer, who said, "You're going to want to make sure your friends see this

 

How we have have the second qtr in a row of declining GDP & the biden gang now says the GDP doesn't count.

 

Other weak economic news

 

Housing starts down

Housing sales down

Unemployment claims up

Inflation 9%+

Job participation down

Car sales down

Oil still around $100

Walmart (who has almost a 10% mkt share) anticipates retail sales down

 

 

 


Thats what happens when you raise interest rates.

 

The More You Know | Know Your Meme

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