[1Old Pro]

Here we go, arguing if technically the Sun rises in the East and Sets in the West.

[WKUHilltopper]

They’ll just cook the election…

[mikelets456]

I’m glad they’re going to tax and spend with another bill that will save us all! Taxing and drunken spending always leads to a prosperous nation-—

(SARC)

[Magnum44]

Not to worry, White House is deploying the

[fhayek]

That won't matter to the general public or to politicians who are eager to tag President Joe Biden with having presided over the highest inflation since the 1980s and now a recession

It's always about how the news will impact Democrats. Who cares if people can't afford food, or lose their jobs? How will this affect Democrats, and it's really the nasty Republican's fault because they can't wait to 'tag' old Joe with economic malaise.

[OttawaFreeper]

[baclava]

“Fears”???? It’s HERE...have the guts to call it’s

[ProtectOurFreedom]

Wow...the exotic contortions they twist themselves into to avoid stating the blindingly obvious...

• Heightening Recession Fears
• ...lead to pronouncements that the U.S. has now slipped into a recession
• ...the official determination will not be made for some time and will take into account a host of other economic data.
• “I do not think the U.S. is currently in a recession.”
• ...pushing the economy into a recession
• ...the odds of a recession within the next 12 months
• ...tipping the economy into recession

[Altura Ct.]

Phewww, glad its not a recession!

[wiseprince]

I’ve always heard from these same people that 2 straight negative quarters is what a recession is. I guess that only applies when the holder of the Presidency is a Republican.

[Diana in Wisconsin]

Precious Metals up SHARPLY on current economic events:

http://www.321gold.com/

[DoughtyOne]

U.S. Economy Fell 0.9% in the Second Quarter, Heightening Recession Fears...
The decline will increase the political pressure on the Biden administration.

Maybe I’m wrong, but it was my understanding two down quarters in a row
defined the economy as being in a recession.

Here they label it cause for concern a recession may occur. Ahhh too late.

[Vaduz]

Biden got um elected the U.S. economy Fell and fell and fell and fell....................................................

[Repealthe17thAmendment]

The left keep pointing to the labor market as their one reason for claiming the economy is strong, and not in a recession. Yet, jobless claims have been creeping up since March. It’s not a rapid collapse of the job market, but it is a trend.

[CurlyDave]

If Joe Bai-den wants to redefine recession I say we let him do it -- for now.

This means that just before the mid-terms we will have three quarters of GDP contraction and can hammer the RATs on our brand new recession.

[TomGuy]

Being a major bellwether, IIRC, Walmart fell short of their earnings expectations for both quarters.

Of course it had to do with increased inflation and not the increase in self-checkouts and fewer live checkers, which is the main reason Walmart gets less of my spending. [/relinquishes soapbox]

[newzjunkey]

Notice they are suddenly redefining recession away from the traditional two quarters of negative growth to cover for Joe.

[FLT-bird]

No. They are not recession “fears”. This IS a recession right now. By Definition.

I refuse to accept their “new” definition by which the same standard that was always called a recession in the past somehow doesn’t apply this time. Two negative quarters. Recession.

[CatOwner]

And yet the stock markets are up today (and I suspect the bond mutual funds will get whacked again). We are so being played on our investments.

[Rummyfan]