Posted on 02/22/2024 2:21:46 AM PST by Kaiser8408a
Silence is not golden. Particularly when it comes to a silent DEPRESSION. Talking is cheap, people follow like sheep. Particularly when are told by Biden, Press Secretary Karine Jean-Pierre and NY Times economic spinster Paul Krugman says its the best economy in decades. It isn’t. In fact, the US is in a silent depression.
Typically, a recession is defined as two consecutive quarters of negative GDP growth. If we use 2 consecutive quarter of negative GDP growth, we are not in a recession. But ….
Challenges include increasing part-time employment in recent months, declining household employment in three of the last four months for a net decline of 398,000 job holders, mounting public debt burdens, and declining real wages, which have fallen by 4.4 percent since January 2021. Again, just look at the WORST jobs report from January.
Why these results? Bidenomics is based on costly Keynesian boom-and-bust policies. With so much whiplash, it’s no wonder people are conflicted about the economy.
And yes, the US is under invasion by the United Nations who are helping millions of migrants ILLEGALLY cross the US border, creating horrible stress on the economy and helping keep inflation high. Not to mention soaring crime. Its as if Biden (and his master Obama) are using the Cloward-Piven strategy of overwhelming the economy so it breaks.
All we hear about from Biden and Schumer (and their ilk) is about spending billions MORE on Ukraine and their oligarchs to “protect their borders” while Biden and Mayorkas (Cuba Pete) leave American borders over to invasion.
Yes, Democrats like The Clintons, Obamas and Bidens LOVE the Cloward-Piven strategy. Hey, they are all multi-millionaires and are insulated from all the damage they inflict on the middle class and low wage workers.
(Excerpt) Read more at confoundedinterest.net ...
bttt
But at least we don’t have mean tweets.
Negative GDP growth? What has happened to language?. Its GDP shrinkage.
I’m half convinced that Paul Krugman is running our national finances.
He literally said it was possible to spend your way to prosperity.
Nope, it’s not the UN that has destroyed America. Other than Soros’ substantial support, this has been the successful efforts of woke American leftists and our deep state overlords in Uniparty, DC.
If the media doesn’t report it, then it didn’t happen.
“...And All Biden Can Talk About Is Funding Ukraine...”
And global warming.
“Its as if Biden (and his master Obama) are using the Cloward-Piven strategy of overwhelming the economy so it breaks.”
Welcome to the party Mr. Sanders.
Biden used the same excuse for aid to Ukraine. He explained helpfully that we send all our weaponry and munitions to Ukraine, then pay the defense industry to replenish our own stockpiles, making good high paying jobs for Americans. Government spending is part of GDP, if you can believe that, so it keeps GDP growing, and presto, we avoid recession. Simple, eh? Relax citizen, you never had it so good.
I’ve been saying this for a couple years now. If Trump were in office, the MSM would be blaring out the news of the depression we are now in. But because it’s Biden, the truth has to be hidden so he won’t be impeached or thrown out of office.
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