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Old 07-28-2022, 06:32 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,779,443 times
Reputation: 3902

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Biden took a historic recovery and turned it into a recession.

2nd consecutive negative GDP quarter
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Old 07-28-2022, 06:37 AM
 
8,889 posts, read 4,628,976 times
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Joe and Jill and Hunter all seem to be doing just fine. What's the problem?
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Old 07-28-2022, 06:39 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,779,443 times
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Time to reimagine recession to mean something else.
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Old 07-28-2022, 06:40 AM
 
Location: West Virginia
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This is why I laughed when the WH tweeted about gas prices going down. Gas prices going down sharply with no increased supply is an obvious indication of going into a recession.
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Old 07-28-2022, 06:47 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,779,443 times
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Quote:
Originally Posted by lookingaround12345 View Post
This is why I laughed when the WH tweeted about gas prices going down. Gas prices going down sharply with no increased supply is an obvious indication of going into a recession.
Correct. The Putin Price Cut is a recessionary issue, not some magical Biden fix.

Gas is still way more expensive than what Biden inherited.
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Old 07-28-2022, 06:59 AM
 
Location: U.S.
3,987 posts, read 6,598,626 times
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Actually, it's not official at all. We aren't in a recession yet, but than I guess that would make for a less sexy thread title. Just some more CD drama.
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Old 07-28-2022, 07:00 AM
 
Location: West Virginia
5,045 posts, read 2,423,886 times
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Quote:
Originally Posted by Stephan A Smith View Post
Correct. The Putin Price Cut is a recessionary issue, not some magical Biden fix.

Gas is still way more expensive than what Biden inherited.
I didn’t mean to imply gas is cheap by any means. Just the price action suggests lower demand as industries go through contraction.
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Old 07-28-2022, 07:04 AM
 
45,777 posts, read 27,429,997 times
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Breaking... Satire...

Joe Biden Signs 'Don't Say Recession' Bill

President Joe Biden has just signed a bill into law prohibiting everyone in America from using the word "recession." The Economic Integrity Protection Act — also known as the "Don't Say Recession" bill — now threatens to punish any American with the full force of the law for simply uttering the word "recession."

...
"We tried changing the definition of recession, but if anything it just made people point out Biden's recession even more," said Treasury Secretary and inflation expert Janet Yellen. "Apparently when the price of everything is inflated which causes economic decline, reduced trade, and a fall in GDP for 2 consecutive quarters people start to notice. Weird." Yellen then went back to drafting a new plan to tax McDonald's Dollar Menu items.
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Old 07-28-2022, 07:16 AM
 
Location: A Nation Possessed
26,136 posts, read 19,093,272 times
Reputation: 22899
No no.

Luckily the Biden administration was able to contact the folks at Merriam-Webster and threaten their families, just in the nick of time. If you'll look up "recession," it now says, "not what is happening right now."

Last edited by ChrisC; 07-28-2022 at 07:28 AM..
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Old 07-28-2022, 07:19 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,779,443 times
Reputation: 3902
Quote:
Originally Posted by ChrisC View Post
No no.

Luckily the Biden administration was able to contact the folks and Merriam-Webster and threaten their families, just in the nick of time. If you'll look up "recession," it now says, "not what is happening right now."
Exactly. They are redefining what recession means.

When Democrats don't like the facts, they simply reimagine the story.
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