Of cours, Biden is going for the Carter record...
Buckle your seatbelts. Its coming.
Posted on 07/25/2022 7:05:10 AM PDT by Red Badger
““While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle,” the White House wrote.”
That’s been the definition everyone has used for as long as I can remember and I have been around a while.
“Baddacafcare”
Of cours, Biden is going for the Carter record...
Buckle your seatbelts. Its coming.
Biden/Obama redefinition of things (expanded)...
Start with “[Biden/Obama] told you to reject the evidence of your eyes and ears. It was their final, most essential command.” ― George Orwell, 1984
Girls are Boys
Boys are Girls
Freedom is Slavery
Ignorance is Strength
War is Peace
2 + 2 = 5
Lies are The Ministry of Truth is lies
Torture is the Ministry of Love
Starvation is the Ministry of Plenty
War is the Ministry of Peace
Anyone who uses the term ‘Holistic’ is a New Age idiot..................
I wonder how THIS ADMINISTRATION will define STARVING when it becomes reality.
“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”
― George Orwell, 1984
First thing that came to mind.
We are at war with Eastasia. We have always been at war with Eastasia.
Starving is Feasting.
War is peace.
Freedom is slavery.
Ignorance is strength.....................
In other words, I need you all to deny the reality that’s before your eyes and repeat what I say. Just like what the decrepit old fool did when he blamed inflation on Putin.
Climate Compliant Fasting.....
safe and effective...
>>Nobody with a link of common sense gonna buy this bull5h!t
So in other words, the talking heads in the media (i.e. those with no common sense at all) will happily buy the new definition and run interference for the Brandon administration.
Recessions are NOT defined by GDP.
The GDP rule was a useful enough approximation back in the days when exports and imports were small components of GDP (and could be ignored).
Today, with exports and imports being large components, it is possible that a surge in imports (or, a suddenly larger trade deficit) will cause GDP to fall, even though production, employment, sales and income are rising.
These four, broad measures of economic activity - production, employment, sales and income - are called the coincident indicators. Together, they define or should define the business cycle.
But, wait. There’s more. Since the leading indicators have turned down three months running, we are probably heading to a recession if we aren’t already in one. So, the distinction between a recession defined by the GDP rule, and a recession defined by the coincident indicators may soon be academic.
And the mindless liberals
The Biden administration has NO CREDIBILITY.
I had rather have the Three Stooges or Dumb and Dumber running the economy.
“A recession might explain the recent small drop in gasoline prices. Demand is falling off as the economy shrinks.”
You are correct. Biden can take credit for the dropping gas price. He put us in a recession via his economic policies and the war on carbon based fuels.
Price is determined by present demand and anticipated future demand in this recession. Yep, give slow Joe credit.
Next step in this fiasco is Stagflation as in the years of Carter.
I think they are.
Nobody needs to 'run the economy', it works great when left alone all by itself. Just protect it from outside forces and evil influences.
Unless that is your objective.....................................
Yes indeed— Orwellian in the extreme. Had to listen to the absolute MORON Janet Yellen try to REDEFINE what a Recession is on Sunday AM show— the idiot tried to prove a Recession wasn’t happening by what DOES NOT appear in their stats... that is— broad based contraction of the economy.
NEATLY avoiding the thousands of data points all evident in government stats, and re-directed by re-definition.
White is Black, up is down. “Reject the plain evidence of your eyes and ears.
A great radio show making it’s way on the airwaves uncovered a State dept. lackey pushing the idea that ALL new oil exploration should be stopped— to expedite the 5 year transition to “climate Change” only the US is stating exists.
This Show: Markley, Van Camp & Robbins
https://www.kxl.com/shows/markley-van-camp-robbins/
Podcasts listed/available free scroll down
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