Posted on 11/03/2022 7:25:25 PM PDT by nickcarraway
The Biden administration insisted Thursday that the US will not face a recession — despite economists and even President Biden warning that a downturn could begin in a matter of months.
Businesses are bracing for the worst as the Federal Reserve hikes interest rates to tame the worst sustained inflation since 1981.
But when MSNBC host Jonathan Lemire told White House press secretary Karine Jean-Pierre that there are “real fears that the nation could be teetering on the edge of a recession” and asked “How will the White House prepare for that?” the administration’s chief spokesperson struck an optimistic tone.
(Excerpt) Read more at nypost.com ...
We are already in one.
Okay, morons. Two consecutive quarters of negative GDP, followed by one positive quarter GDP propped up by $1.92 Trillion in government spending. Another 75 basis point increase in interest rates with a 90% of another hike in December. Treasury yield curves inverted, including the 6mon/10yr earlier this week. A strong dollar against all major currencies which reduces US exports. Near all time low labor productivity. First time ever when both the stock market and bond market have losing years. Low supplies of diesel and home heating oil, with rationing of heating oil just before winter. Sales of new and existing homes down. Housing starts down. Manufacturing PMI down to 50.2. CPI at . 8.2%. Core CPI at 6.82%. Sticky-price CPI 8.5%. PPI at 8.5%. No evidence of recession or inflation. /s
Prep time was over a year ago.
There is no point in meeting with Former Vice-President Biden. He has dementia.
The rest of his staff struggle to keep pace with his intellect.
We just left a recession, but fear not...more are coming.
Today's blurb included comments from the Feds regarding their surprise over the strength of inflation factors. My thought was "how reassuring." lol, I wish the aliens in Mar Attacks were real, and could take out Congress.
The plan no longer require meetings...
No meetings to deal with possible diesel shortage or signing an order under the NDAA to ramp up production to head off a possible shortage.
[The Biden administration insisted Thursday that the US will not face a recession]
So let it be written.
So let it be done.
So, since they constantly deny reality..........
[We are already in one.]
We have a winner.
Great Depression II must be well on its way.
Franklin Delano Robinette.
If you were going to destroy the US (and perhaps western civilization) what would you do differently?
Asking for a friend…
p
Soup lines in NYC....while gangsters beat up people to put themselves at the head of the line.
Brandon has created a 3rd world country out of America.
At least FDR I was on tv in 1929…..
Actually Joe got everything wrong
FDR was in office March, 1933 - about 3.5 years after the 1929 Stock Market Crash
TV wasn’t starting to get wider use until the 1930s. The first really famous broadcast featured Adolph Hitler at the 1936 Olympics.
Joe, as usual, is just making stuff up as he goes.
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