Ah yes. Because race is a qualification to be an economist. Identity politics to the max right there.Careful what you say. CNN says you're racist:
https://web.archive.org/web/20220701124131/https:/www.cnn.com/2022/06/30/economy/recession-economists-nber/index.html
Welp. Many people said they'd rather have a recession than a Trump re-election. Looks like we got it.
Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession LINK
Thats exactly what that thread was about. Yeah…nothing disingenuous with posts like this at all.Yeah, but look at the good side - we don't have mean tweets. It's all worth it, right? RIGHT?????
There was nothing disingenuous with his post.Thats exactly what that thread was about. Yeah…nothing disingenuous with posts like this at all.
The no more mean tweets stuff is definitely disingenuous…as is the bogus portrayal of what that poll of Trump vs recession actually all said in the responses."Not candid or sincere, typically by pretending that one knows less about something than one really does."
not seeing that in these postings.
Well that sucks. I don't remember how I voted in that poll but pretty certain I didn't want a recession but people made some compelling reasons at the time for their votes.
I say we'd be in a recession regardless of who was President but you never know. I am certain Biden, or any sitting Prez, cannot win again (I don't think the will run again) if we are in one in 2024.
If we’re still in a revision 2+yrs from now that’s very bad news.Well that sucks. I don't remember how I voted in that poll but pretty certain I didn't want a recession but people made some compelling reasons at the time for their votes.
I say we'd be in a recession regardless of who was President but you never know. I am certain Biden, or any sitting Prez, cannot win again (I don't think the will run again) if we are in one in 2024.
That's where the "but you never know" part comes into playUnfortunately, you can't say that with any certainty.
We hold the current POTUS responsible for current events, right or wrong. Just like when we praise them for good things that happen during their term.
He isn’t getting re-elected and he shouldn’t even be on the ticketThat's where the "but you never know" part comes into play
I agree it would take some pretty crazy circumstances for a Prez to be re-elected in a recession.
Certainly.If we’re still in a revision 2+yrs from now that’s very bad news.
I don't think he will run again. Thought this since he won in Nov 2020.He isn’t getting re-elected and he shouldn’t even be on the ticket
Nobody voted that they "wanted" a recession, they voted that they'd prefer a recession to Trump getting re-elected. I think Trump's actions on J6 validate my vote. We've had recessions and high gas prices before, we'll have them again, and we will get through them. I value democracy.Well that sucks. I don't remember how I voted in that poll but pretty certain I didn't want a recession but people made some compelling reasons at the time for their votes.
I say we'd be in a recession regardless of who was President but you never know. I am certain Biden, or any sitting Prez, cannot win again (I don't think the will run again) if we are in one in 2024.
Well that sucks. I don't remember how I voted in that poll but pretty certain I didn't want a recession but people made some compelling reasons at the time for their votes.
I say we'd be in a recession regardless of who was President but you never know. I am certain Biden, or any sitting Prez, cannot win again (I don't think the will run again) if we are in one in 2024.
That would be very bad.I really hope we're not still in a recession in 2024.
But come on, that’s all they do is make excuses for their boy Biden. Dead end witch hunts and endless excuses….the Left.Unfortunately, you can't say that with any certainty.
We hold the current POTUS responsible for current events, right or wrong. Just like when we praise them for good things that happen during their term.
Article didn’t say that at all. Why are you lying?Careful what you say. CNN says you're racist:
https://web.archive.org/web/20220701124131/https:/www.cnn.com/2022/06/30/economy/recession-economists-nber/index.html
Dead end witch huntsBut come on, that’s all they do is make excuses for their boy Biden. Dead end witch hunts and endless excuses….the Left.
I like how they picked a bunch of random items that don’t really even go together and call it a cookout.Remember in 2021 when the Whitehouse sent out a tweet saying the average cost of a cookout was down 16 cents? I wonder what they will be tweeting this year.
https://twitter.com/WhiteHouse/status/1410709115333234691?t=GrSGLf4DbzE72yWlME83uA&s=19
Sadly letting their unhealthy Trump obsession due to an election not going their way take priority over what’s best for everyday Americans. Todays pain is on their hands.Yup. Trump out.
I think this country would be worse off under Trump. Sometimes the economy isn't the most important thing. Restoring some semblance of normalcy to our executive branch was vital. Trump was corrosive to our republic. His actions after the election were proof of that and the need to get him away from the levers of power. That was what was best for everyday Americans.Sadly letting their unhealthy Trump obsession due to an election not going their way take priority over what’s best for everyday Americans. Todays pain is on their hands.
I think this country would be worse off under Trump. Sometimes the economy isn't the most important thing. Restoring some semblance of normalcy to our executive branch was vital. Trump was corrosive to our republic. His actions after the election were proof of that and the need to get him away from the levers of power. That was what was best for everyday Americans.
IMO, the bolded is more of about dysfunctional congress than the president.Biden is on pace for more executive orders than Trump, most of which are unconstitutional. He's made a mess of the executive office. I won't even mention he screws up every speech he makes with incoherent statements or outright lies that have to be corrected by his staff.
That’s all liberal rhetoric, Biden is completely non existent and has let things get out of control. Trump cared about small businesses and Americans, it’s not even close.I think this country would be worse off under Trump. Sometimes the economy isn't the most important thing. Restoring some semblance of normalcy to our executive branch was vital. Trump was corrosive to our republic. His actions after the election were proof of that and the need to get him away from the levers of power. That was what was best for everyday Americans.
That’s all liberal rhetoric, Biden is completely non existent and has let things get out of control. Trump cared about small businesses and Americans, it’s not even close.
Ignorance is bliss, eh? Keep ignoring it because it’s your guy.Yeah, cause your got him this time!!!!
Inflation does hurt businesses, big and small, so Biden shares some blame for that. But 2021 was a record year for small business creation, and the Scott plan for a tax on the middle class is a tax on small business.That’s all liberal rhetoric, Biden is completely non existent and has let things get out of control. Trump cared about small businesses and Americans, it’s not even close.
Inflation does hurt businesses, big and small, so Biden shares some blame for that. But 2021 was a record year for small business creation, and the Scott plan for a tax on the middle class is a tax on small business.
https://www.forbes.com/sites/rhettbuttle/2022/05/06/three-key-takeaways-from-the-white-house-small-business-boom-report/
Yeah, but you’re a white collar FBG.Nobody voted that they "wanted" a recession, they voted that they'd prefer a recession to Trump getting re-elected. I think Trump's actions on J6 validate my vote. We've had recessions and high gas prices before, we'll have them again, and we will get through them. I value democracy.
Nothing to ignore, you are cooking another nothing burger to fit your agenda. Rinse repeat .Ignorance is bliss, eh? Keep ignoring it because it’s your guy.
Wait, is he non-existent or is he overreaching?Biden is completely non existent and has let things get out of control
The prez overturning the election for his own vanity. Nothing to see here, right?Nothing to ignore, you are cooking another nothing burger to fit your agenda. Rinse repeat .
Your excuses for him are always existent.Wait, is he non-existent or is he overreaching?
"Recession" is an overpoliticized bogeyman term. Recessions are a natural part of any growing economy. Just like a stock that is going up has to have pullbacks along the way before it can continue growing, the economy is no different. The fed putting off recession with insanely doveish monetary policy was never going to be sustainable long term, and trying to continue to do so would only have made the eventual damage catastrophically worse if we'd kept doing it. We've been way overdue.
Most recessions aren't that bad or that long (with exceptions like 2008 of course). The average being 11 months, and since recession is a lagging indicator that we can't declare officially until we've already been in one for 6 months that means by the time we know we're in one we're already more than half way done with it.
The only people freaking out and acting surprised that we're in a recession right now are either A) ignorant about what a recession is (most facebook posters), or B) trying to score political points (most FBG posters). A recession is two consecutive quarters of negative GDP growth. We already had negative GDP growth last quarter. So all it takes to be an official recession is negative growth again this quarter and is anyone really expecting positive growth to be reported this quarter? It's been telegraphed as obviously as possible that we're probably already in a recession. But recessions aren't necessarily some terrible thing like whichever side is not in political control at the time paints them as.
It's all just so stupid. And of course it is not unique to conservatives that are playing the "OMG we're all screwed thanks to the prez" bill this time. The democrats do the same thing when it's the other way around. When a Republican is in control CNN reports that the sky is falling, while Fox News reports that recessions are natural part of a growing economy. When it's a democrat in control Fox News reports that the sky is falling, while CNN reports that recessions are a natural part of a growing economy.
69% of statistics are made up but statistically 95% of the people that use the word "recession" either don't actually know what it means economically, or are just posting in bad faith to score political points. For people that actually care there are lots of great rational and realistic discussions out there about this economy and what it means, how we got here, and how things will be moving forward. I work in real estate and it's great in those groups/masterminds being able to have a rational non-political discussion about how it's going and how it will or won't affect business going forward and how to adjust for the short term. But of course here on these boards where most posters live to frame everything in bad faith economic discussions rarely extend beyond "sleepy man bad".