Skip to comments.Fed Policymakers Say Recession Is Here (Yay! Democrats Win!)
Posted on 04/04/2020 3:25:23 PM PDT by Hostage
The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands of Americans, and has most of the country under lockdowns aimed at slowing the infection's spread.
But how quickly the world's biggest economy will recover will depend on how much aid the government gives it, and how effectively it can be used to stem what are already millions of job losses, Fed officials said on Thursday.
"One thing we know from 2008, when you had millions and millions and millions of Americans losing their jobs, it took more than a decade to put the labor market back together," Minneapolis Federal Reserve Bank President Neel Kashkari said in a webcast townhall event. "I'm really pleased that a lot of the action by the federal government and the state governments has been focused on trying to keep workers in their jobs."
(Excerpt) Read more at newsmax.com ...
Fly to me my Blu-ees! I am your Queen!
fearpers rejoice.....they can’t just wear a mask and use hand sanitizer when they’re out or just stay home...no...they got to kill the whole economy because they’re more important than 300,000,000 citizens...
Previously known as two consecutive quarters of decline in GDP, but now defined as Orange Man Bad.
A recession requires 2 consecutive quarters of negative growth. Unless the last quarter of 2019 was negative, we can’t be in recession yet.
I just want to know when I can start shooting these traitors.
I agree this wholesale economic suicide has been horrific but Im not going to place all blame on democrats.
First of all they are killing their own economies and their own states. Their supporters cant afford to donate. Little tax is being paid. Public schools are out, bars are shut, you cant even abort in some states. The Democratic convention is postponed and all the volunteer work is nonessential so they all have to stay home, man, the homo parades are not happening and where is drag queen story hour? Many dead and dying businesses had liberal owners. So. If this was all their doing, theyve done more than shoot themselves in the foot. More like six rounds in the abdomen.
Also. Countries around the world are doing this manic suicide and they arent Democrats. Sure many are liberal etc but they arent the Democratic Party.
This goes way beyond Democrats and in many concrete ways is very harmful to Democrats.
And Trump is shining through the crisis and his popularity is increasing. Despite the insanity so far it looks like a very good election in November. Like some Ds we must take advantage of what opportunities are coming out of this and flex them. Like the border shut down. That should help with voter fraud, for example.
Yep, they are just “Forecasting” one. Gotta wait until July.
It takes two negative GDP quarters in a row to make a recession.
It’s the best we can make of it, I guess. But my heart breaks for so many innocent people and their families who didn’t deserve this at all.
“How long it will last will depend on the course of a viral pandemic ...”
Schumer, Pelosi, Biden: “It ends when we say it ends”
The way the economy is shutdown right now....it will be.
By the time July comes around the Democratic party is going to be in a major Depression and going into Extinction!
Their only problem is that Trump voters blame Democrats for sinking the economy in order to beat him after impeachment failed. NO Democrat should be returned to office from Trump districts.
Dems dont give a shit like Bill Mar said we will get out of a recession but we will never recover from another four years of Trump they dont give a damn that lives have been destroyed, businesses destroyed they dont care!!
Trump does NOT fully support Fauci!!!!
If anyone ever doubted that they want us all dead, this should prove it to anyone who cares to look.
Historically, when the total value of goods and services produced in the U.S. (called the Gross Domestic Product or GDP) is in decline for two or more quarters, a recession is declared.
This has not happened so we cannot, by definition, be in a recession.
A recession may happen, but it is not here.
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