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Fed Policymakers Say Recession Is Here (Yay! Democrats Win!)
NewsMax Finance ^ | April 4, 2020 | Democrats

Posted on 04/04/2020 3:25:23 PM PDT by Hostage

The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands of Americans, and has most of the country under lockdowns aimed at slowing the infection's spread.

But how quickly the world's biggest economy will recover will depend on how much aid the government gives it, and how effectively it can be used to stem what are already millions of job losses, Fed officials said on Thursday.

"One thing we know from 2008, when you had millions and millions and millions of Americans losing their jobs, it took more than a decade to put the labor market back together," Minneapolis Federal Reserve Bank President Neel Kashkari said in a webcast townhall event. "I'm really pleased that a lot of the action by the federal government and the state governments has been focused on trying to keep workers in their jobs."

(Excerpt) Read more at newsmax.com ...


TOPICS: Business/Economy; Editorial; Extended News; News/Current Events
KEYWORDS: cheaplaborexpress; deepstate; fakenews; fed; federalreserve; nevertrumpers; obamaholdovers; obamalegacy; rinos
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Yay! We got him! We got him!
We really really got him!
We-ee got him!
ya ya ya ya yaaaah ya!

Fly to me my Blu-ees! I am your Queen!

PEACH FORTI-FI!

1 posted on 04/04/2020 3:25:23 PM PDT by Hostage
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To: Hostage

fearpers rejoice.....they can’t just wear a mask and use hand sanitizer when they’re out or just stay home...no...they got to kill the whole economy because they’re more important than 300,000,000 citizens...


2 posted on 04/04/2020 3:27:12 PM PDT by cherry
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To: Hostage
Where is the old BARF graphic?
It was SOOO handy!
3 posted on 04/04/2020 3:29:08 PM PDT by cloudmountain
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To: Hostage
I'd call it the Dr. Fauxcy recession.


4 posted on 04/04/2020 3:29:21 PM PDT by Paladin2
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To: Hostage

Previously known as two consecutive quarters of decline in GDP, but now defined as Orange Man Bad.


5 posted on 04/04/2020 3:29:56 PM PDT by No.6
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To: Hostage

A recession requires 2 consecutive quarters of negative growth. Unless the last quarter of 2019 was negative, we can’t be in recession yet.


6 posted on 04/04/2020 3:32:11 PM PDT by CA Conservative (Texan by birth, Californian by circumstance)
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To: Hostage

I just want to know when I can start shooting these traitors.


7 posted on 04/04/2020 3:33:15 PM PDT by semaj (We are the People)
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To: cherry

I agree this wholesale economic suicide has been horrific but I’m not going to place all blame on democrats.

First of all they are killing their own economies and their own states. Their supporters can’t afford to donate. Little tax is being paid. Public schools are out, bars are shut, you can’t even abort in some states. The Democratic convention is postponed and all the volunteer work is nonessential so they all have to stay home, man, the homo parades are not happening and where is drag queen story hour? Many dead and dying businesses had liberal owners. So. If this was all their doing, they’ve done more than shoot themselves in the foot. More like six rounds in the abdomen.

Also. Countries around the world are doing this manic suicide and they aren’t Democrats. Sure many are liberal etc but they aren’t the Democratic Party.

This goes way beyond Democrats and in many concrete ways is very harmful to Democrats.

And Trump is shining through the crisis and his popularity is increasing. Despite the insanity so far it looks like a very good election in November. Like some Ds we must take advantage of what opportunities are coming out of this and flex them. Like the border shut down. That should help with voter fraud, for example.


8 posted on 04/04/2020 3:34:02 PM PDT by Persevero (I am afraid propriety has been set at naught. - Jane Austen)
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To: CA Conservative

Yep, they are just “Forecasting” one. Gotta wait until July.


9 posted on 04/04/2020 3:34:30 PM PDT by Drago
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To: cherry

It takes two negative GDP quarters in a row to make a recession.


10 posted on 04/04/2020 3:34:51 PM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. (Psalm 32:12))
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To: Persevero

It’s the best we can make of it, I guess. But my heart breaks for so many innocent people and their families who didn’t deserve this at all.


11 posted on 04/04/2020 3:37:38 PM PDT by abb
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To: Hostage

“How long it will last will depend on the course of a viral pandemic ...”

Schumer, Pelosi, Biden: “It ends when we say it ends”


12 posted on 04/04/2020 3:38:54 PM PDT by plain talk
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To: stars & stripes forever

The way the economy is shutdown right now....it will be.


13 posted on 04/04/2020 3:39:23 PM PDT by david1292
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To: Paladin2
Good grief. Are these attacks on Dr. Fauci ever going to stop on this board. 👎👎👎👎👎 If he was truly as bad as a bunch of you say he is, then why oh why has he supported Trump's decision such as closing flights from China early etc. and why oh why has Dr. Fauci have Trump's compete and full support.
14 posted on 04/04/2020 3:40:49 PM PDT by hawkaw
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To: Hostage

By the time July comes around the Democratic party is going to be in a major Depression and going into Extinction!


15 posted on 04/04/2020 3:41:03 PM PDT by DarthVader (Not by speeches & majority decisions will the great issues of the day be decided but by Blood & Iron)
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To: cherry

Their only problem is that Trump voters blame Democrats for sinking the economy in order to beat him after impeachment failed. NO Democrat should be returned to office from Trump districts.


16 posted on 04/04/2020 3:41:50 PM PDT by txrefugee
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To: abb

Dems don’t give a shit like Bill Mar said “we will get out of a recession but we will never recover from another four years of Trump” they don’t give a damn that lives have been destroyed, businesses destroyed they don’t care!!


17 posted on 04/04/2020 3:43:17 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: hawkaw

Trump does NOT fully support Fauci!!!!


18 posted on 04/04/2020 3:44:56 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: Trump Girl Kit Cat

If anyone ever doubted that they want us all dead, this should prove it to anyone who cares to look.


19 posted on 04/04/2020 3:46:22 PM PDT by abb
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To: Hostage
The U.S. recession is here.

Historically, when the total value of goods and services produced in the U.S. (called the Gross Domestic Product or GDP) is in decline for two or more quarters, a recession is declared.

This has not happened so we cannot, by definition, be in a recession.

A recession may happen, but it is not here.

20 posted on 04/04/2020 3:54:51 PM PDT by USS Alaska (NUKE THE MOOSELIMB, TERRORISTS, NOW!)
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