Posted on 10/13/2021 10:52:07 AM PDT by therightliveswithus
Joe Biden
JOE BIDEN House votes to raise debt ceiling On The Money — House kicks debt ceiling standoff to December Overnight Health Care — Presented by The National Council for Mental Wellbeing — Progressives: Medicare benefit expansions 'not negotiable' MORE has had a rough few months. Polling has his approval falling below 40 percent and Friday’s jobs report won’t do anything to prop it up. The Afghanistan catastrophe, COVID-19 deaths surpassing those during Donald Trump’s tenure, and the increasing crisis at the southern border all will be secondary compared to the coming recession. Unlike many other economic events, this one will be the direct cause of policies promulgated by the White House.
Three main issues likely will plunge the country into economic backsliding and spark stagflation by the end of 2022: inflation, supply chain issues, and an unraveling labor market.
Americans have noticed increasing prices everywhere from the gas pump to grocery store aisles. Inflation has hit a 30-year high. Economists and political pundits are shifting their tone, away from denying its existence (recall the White House’s “save 16 cents on your July 4th BBQ” approach) to preparing the public for the current and coming pain. Media narratives now reflect that price hikes aren’t “going away very soon” to full risk of “runaway” inflation. Inflated prices already have hit double digits overseas and cost the average household more than $2,000 annually.
(Excerpt) Read more at thehill.com ...
Not a recession.
Not a depression.
This is a full on collapse.
Yeah the whole “return to normal” was never going to happen, since normal wasn’t really that good to begin with, and “normal” is exactly what led to Trump winning in 2016 in the first place.
The Recession is already here and has been.
What is different is all the people dropping out of the work force rather than trying to get in.
“They are making all the wrong moves”
On purpose that’s how you destroy a country without firing a shot.
In the 1930s the US produced so much food there was no market for it. Steak was the cheapest food out there so people ate steak for breakfast, lunch, dinner. Yet people still starved.
So FDR came up with a plan to make food higher in price. they bought up thousands of cattle and hogs, dug trenches, ran the cattle in, shot them and buried them.
Meanwhile in the local towns there were people who could not even afford food, but the government agents would not allow a cow to be killed to feed the hungry.
Ten years later, that same government agent was begging those same ranchers to increase beef production for the war effort.
How do you tell a cow, who has one calf a year, that she has to start producing twins?
Their plans do not include “camps”.
Their plans include “mass graves”.
Maybe we could just Print more money and pay more people to sit on thier ass...
Hold on kids, a big storm is coming
there wont be camps. they will isolate you. cant work, cant shop. it will be an open air prison, unless you comply.
this is the new normal(h/t obama)
Depression would be more like it; sorta like a retro Great Depression.
I did not know recession was a synonym for collapse. Wow, I guess you learn something everyday!
It took about a decade (1972 - 1982) to kill the last bout of stagflation. With Biden’s proposed spending spree there will be no bullets in the stimulation gun. Kids born today will be living with a moribund economy until well into their adult years. See Japan.
LOL! The media is all ready with draft headlines blaming any slowdown on Trump’s “reckless tax cut for the top 1%” while not “investing” in “American families.”
I called it when he cancelled the KeyStone Pipeline and started the destruction of our oil independence track.
People may want a nice Christmas but I do believe the bare shelves are doing them a favor. They will have the extra cash for heat and food.
“What is different is all the people dropping out of the work force rather than trying to get in”.
That’s true. But how are those people making ends meet? They all can’t have enough money saved to live comfortably. Where are they getting their money?
“In 8+ months under Biden, it went up $1.54.”
Would you please confirm that your IRA gained $1.54 in 8 months?
bkmk
Don’t know but it is happening, 4.3 million in just August. 1.5 million have totally disappeared since January, speculation is adverse reacts from shots and those who just died from it. So right there explains the acute labor shortage in part.
The Shot mandates are driving a good part of this. The potential damage is already being done, i.e. the supply chain problems. In a normal situation people would be flocking to the Ports for jobs with the money being offered, there would be no shortage of truck drivers for the same reason, but that is not happening.
Thanks. It’s as if the whole world is under some kind of crazy spell and it is. Evil has never been this active.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.