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Coming soon: Biden's full-blown recession
The Hill ^ | 10/13/2021 | Kristin Tate

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 ...


TOPICS: Business/Economy; Government
KEYWORDS: biden; economy; inflation; recession
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To: therightliveswithus

Not a recession.
Not a depression.
This is a full on collapse.


21 posted on 10/13/2021 11:27:36 AM PDT by Born to Conserve
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To: Strident

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.


22 posted on 10/13/2021 11:28:17 AM PDT by ksm1
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To: therightliveswithus

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.


23 posted on 10/13/2021 11:28:34 AM PDT by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;pag, and that)
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To: maxwellsmart_agent

“They are making all the wrong moves”

On purpose that’s how you destroy a country without firing a shot.


24 posted on 10/13/2021 11:29:29 AM PDT by VastRWCon (Fake News")
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To: E. Pluribus Unum

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?


25 posted on 10/13/2021 11:29:47 AM PDT by Ruy Dias de Bivar (OUT OF FB JAIL! and back on the attack. For how long? )
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To: Roman_War_Criminal

Their plans do not include “camps”.

Their plans include “mass graves”.


26 posted on 10/13/2021 11:33:43 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: therightliveswithus

Maybe we could just Print more money and pay more people to sit on thier ass...

Hold on kids, a big storm is coming


27 posted on 10/13/2021 11:34:45 AM PDT by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: Roman_War_Criminal

there wont be camps. they will isolate you. cant work, cant shop. it will be an open air prison, unless you comply.


28 posted on 10/13/2021 11:42:48 AM PDT by joshua c (Dump the LEFT. Cable tv, Big tech, national name brands)
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To: ksm1

this is the new normal(h/t obama)


29 posted on 10/13/2021 11:45:18 AM PDT by joshua c (Dump the LEFT. Cable tv, Big tech, national name brands)
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To: eyeamok
"Hold on kids, a big storm is coming."


30 posted on 10/13/2021 11:47:25 AM PDT by Bonemaker (invictus maneo)
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To: therightliveswithus

Depression would be more like it; sorta like a retro Great Depression.


31 posted on 10/13/2021 11:47:47 AM PDT by SkyDancer (If at first you don't succeed, so much for skydiving)
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To: therightliveswithus

I did not know recession was a synonym for collapse. Wow, I guess you learn something everyday!


32 posted on 10/13/2021 11:49:54 AM PDT by Fai Mao (I don't think we have enough telephone poles.)
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To: therightliveswithus

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.


33 posted on 10/13/2021 12:05:20 PM PDT by Tallguy
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To: therightliveswithus

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.”


34 posted on 10/13/2021 12:05:42 PM PDT by montag813
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To: therightliveswithus

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.


35 posted on 10/13/2021 12:10:14 PM PDT by griswold3 (When chaos serves the State, the State will encourage chaos)
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To: Captain Peter Blood

“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?


36 posted on 10/13/2021 12:46:55 PM PDT by laplata
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To: maxwellsmart_agent

“In 8+ months under Biden, it went up $1.54.”

Would you please confirm that your IRA gained $1.54 in 8 months?


37 posted on 10/13/2021 12:56:05 PM PDT by KingLudd
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To: therightliveswithus

bkmk


38 posted on 10/13/2021 1:30:24 PM PDT by sauropod
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To: laplata

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.


39 posted on 10/13/2021 2:13:24 PM PDT by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;pag, and that)
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To: Captain Peter Blood

Thanks. It’s as if the whole world is under some kind of crazy spell and it is. Evil has never been this active.


40 posted on 10/13/2021 2:39:15 PM PDT by laplata
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