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It's sad that the Biden apologists say that we're not in a recession, when the actual data says we are (2 consecutive quarters of negative growth) and the stock market clearly says we are. As of right now a 27% drop in the Nasdaq this year.
Once you factor in all the Brandonflation, it paints an even uglier picture. It may be down 12% in raw dollars, but those dollars today buy perhaps 15% or 20% less. The inflation has been just as devastating as the moves in the stock market, if not worse.
And don’t forget to factor in the huge cost of 4+ million illegals since Biden opened our borders.
Schools, hospitals, police, transporting of illegals, lawyers for them, loss of wages, crime, drugs, and welfare all BIG $$$$$$$ increases now paid for by your state, federal and city taxes…..
really... so the Jan 6th caused the fascist liberals to spend, spend, spend...hmmm,...not buying it
Yes, they had to spend a lot of money protecting you from all those domestic terrorist Trumpers... Or so the story goes.
Quote:
Originally Posted by mountainrose
And don’t forget to factor in the huge cost of 4+ million illegals since Biden opened our borders.
Schools, hospitals, police, transporting of illegals, lawyers for them, loss of wages, crime, drugs, and welfare all BIG $$$$$$$ increases now paid for by your state, federal and city taxes…..
Undoubtedly, all those dollars spent are used to pump up/inflate our GDP and make Brandon look good. GDPs don't care if the money spent is productive or wasteful, it's all the same. Of course, we've just had 2 negative GDP numbers, so it isn't even plugging all the holes that sprung a leak.
Yes, they had to spend a lot of money protecting you from all those domestic terrorist Trumpers... Or so the story goes.
Undoubtedly, all those dollars spent are used to pump up/inflate our GDP and make Brandon look good. GDPs don't care if the money spent is productive or wasteful, it's all the same. Of course, we've just had 2 negative GDP numbers, so it isn't even plugging all the holes that sprung a leak.
But not at the local level. Our school got swamped w illegal kids and they had to hire special teachers to translate and whole new mobile building for the excess kids now.
We’ve had record crime and jails are full. Record drug deaths. None of that inflates GDP.
But not at the local level. Our school got swamped w illegal kids and they had to hire special teachers to translate and whole new mobile building for the excess kids now.
We’ve had record crime and jails are full. Record drug deaths. None of that inflates GDP.
There are people and entities that have been made to carry the burden disproportionately. Entire communities have cracked. But so long as the rich were getting richer and labor was plentiful, all the negatives were ignored. I don't know what happens next. Camps? Forcing citizens to house illegals in their sheds and garages? Forced labor? Sending all the Trumpers to fight for Ukraine??? It is said that wars are great for pumping up the economy. Anything can happen next, so long as +30% will go along with it... And lockstep democrats will go along with anything at this point.
Now we have the CEO of FedEx warning us that we are entering a "world-wide recession". Dow drops 300 points at opening bell. FedEx stock plummets 22% as of this writing.
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