Posted on 07/28/2022 5:32:21 AM PDT by Red in Blue PA
Gross domestic product was expected to increase 0.3% in the second quarter, according to Dow Jones estimates.
(Excerpt) Read more at cnbc.com ...
Its not a recession “signal”. Its a recession. Officially.
Granted, the demand generated by open bidding between China and Soros Globalist, Inc. has caused the payments to the corrupt oligarchs in DC to inflate. Although the DC traitors get more, the China sell out isn’t responsible for $5 gas and $4 bread. The inflation we’re dealing with is impacted more by the sell out to the perversion pimping, globalist new green dealers.
You’d have to be pretty blind not to notice how the energy price spikes of 2005/6 directly led to the housing/job crash a few years later. This time it’s not years, but months.
Summer of Recovery! (TM)
Yes but don’t think China is not a major influencer and also buying up our farmland and homes. The Chinese are teaching calculus to their 3rd graders while ours are tring to pick a pronoun. Do that math.
“You watch, “recession” will soon be something very different than what we’ve known it to be.”
So are you now or have you ever been a Recessionist?
Recessionist = Insurrectionist.
Yet, we are still here, thriving. Oh sure...things change and get bad...9/11 was awful (I was in NYC that day), Clinton, Obama, Bush presidencies were bad to terrible, and we came 70k votes away from President Hillary. 2020 riots gave way to Bidet stumbling his way to stagflation and Afghanistan pullout.
But guns haven't been confiscated, 401(k) plans are growing, and today the pendulum is swing the other way.
Certainly, a robust, balanced portfolio includes gold and ordnance and consumables. And others can wait for Godot. I refuse to let the Eeyores that always fail back tests to be my guiding light.
We are living in a Babylon Bee political reality. Anything is possible. “You can’t make this stuff up”, America’s credo of the ‘20s so far.
You are from the “Ministry of Truth”?
I’m not saying the world is going to end or even America. But things are bad and getting worse, rapidly. You’re like someone right before crypto crashed saying ‘it’s all find, get in now!’.
Revenue raisers are business killers. The 15% minimum corporate tax is part of the globalist edict that came about a year ago. Maybe those 200 corporations that are not paying 21% have legitimate reasons to pay less under the existing tax code. Increasing taxes on them will mean less investment and the passing on of those additional costs to the consumer.
Going after tax cheats? We will see IRS going after the middle class trying to squeeze the last drop out of us. Not hard to envisage a greatly expanded IRS using draconian measures to raise revenues to justify their existence. They have to justify the expansion.
No mention of all the pork in the bill for the Green New Deal. Energy costs will rise.
Same Goldman Sachs that took a massive bailout money from tax payers through the Obama/Biden regime?
https://www.businessinsider.com/goldman-sachs-aig-bailout?r=US&IR=T
Even if taxes don't go up on families making less than $400K, the prices on products and services from those businesses will go up, and they will affect all families. Another factor that will fuel inflation. Taxes, like all expenses, are passed along to the consumer.
The fake news media simply don't have the power they used to have back n the day. And the conservative alternative media is far stronger than they used to be.
Just look at Dementia Joe's record low polling numbers despite all the covering up by fake news media for him.
Fake news media simply can't hide record high gas and food prices, or record high murder rates, or terrible standards of living that most Americans experience every single day.
In the debts and borrowing department.
The US government owes more money by far than any other government on the planet. And getting worse every month.
And those GDP figures you are posting are nominal GDP figures.
By some measures, China is already ahead of the US in PPP GDP, which actually measures GDP by purchasing power.
The Chinese have bee kicking our butts in the massive trade surpluses they register every single year with America.
“Raise $313 billion over a decade” huh?
Dementia Joe spends Trillions of dollars that he doesn’t have with yet another massive spending bill that his Dem congress passes without worrying about debt.
What is $313 billion when you have Trillion dollar deficit spending bill in part to pay for practicing the borders of Ukraine even as the Pervy Joe regime leaves our own borders open and controlled by Mexican drug cartels?
“The Chinese are teaching calculus to their 3rd graders while ours are trying to pick a pronoun.”
Could I borrow that for my tagline?
So are you now or have you ever been a Recessionist?
Recessionist = Insurrectionist
You wanna bet on that?
You can't wish away or talk away the massive economic suffering being experienced by American working class/middle class families.
$5/gal gas was a strong signal, this is confirmation.
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