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Critical Economic Theory: 2+2=5
1 posted on 07/26/2022 1:42:50 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

If this were happening under a Republican president, the AP would be screaming RECESSION from the rooftops.


27 posted on 07/26/2022 2:55:59 PM PDT by Restless
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To: Oldeconomybuyer

AP: Any time a Republican is elected President.


28 posted on 07/26/2022 3:06:15 PM PDT by LibWhacker
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To: Oldeconomybuyer

They’ll redefine anything to simply give themselves what they want politically. Referring, of course, to the AP.

Democrats are simply the political front of the AP.


31 posted on 07/26/2022 3:28:20 PM PDT by Dragonspirit (CNN is the enemy. Ashli Babbitt is the hero.)
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To: Oldeconomybuyer

The week after the November midterms they will say: “White House economic advisers have offered revised figures for the July-October economy and all of these shockingly show a big recession was already underway.”


32 posted on 07/26/2022 4:53:20 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: Oldeconomybuyer; SunkenCiv; LS; Liz; Red Badger; rktman; Kaslin; BenLurkin; Lazamataz

So, Gross Domestic Income (boosted by Biden’s inflation-hyped government spending!) is pulling a negative GDP up “just high enough “so they can claim no recession before the Nov midterms.

Then that inflation blows us even further into the next quarters recession.


38 posted on 07/26/2022 7:29:34 PM PDT by Robert A Cook PE (Method, motive, and opportunity: No morals, shear madness and hatred by those who cheat.)
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To: Oldeconomybuyer
I think most Americans fully understand that the recession really began on Inauguration day, 2021 when Joe Biden assumed a STOLEN PRESIDENCY, and as a result started clamping down on their spending.

To which I will simply say this: When Barack Hussein Obama was selected, I said here on FR that I would not buy a single new item while he occupied the white house, with the exceptions being food, fuel and clothing.

I lived up to that for EIGHT LONG YEARS. I learned how to repair everything in my home, my vehicles, etc.. I learned basic electronics repair, appliance repair, and I bought NOTHING NEW, opting to repair or live without whatever broke.

I've been doing that exact same thing since Nov. 2020 when the election was STOLEN from us.

The recession began IN EARNEST the day Biden was sworn into the office he stole.

The recession will end either when the Republicans cut Biden's balls off by taking the House & Senate back this November, or in 2024 when Legit President Trump beats Biden's ass at the polls AGAIN and the election isn't stolen.

39 posted on 07/26/2022 7:36:04 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Oldeconomybuyer

40 posted on 07/27/2022 8:04:21 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......Augustine)
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To: Oldeconomybuyer

Recession has arrived when you look at the steak cuts in Walmart and then decide, “I haven’t had SPAM in a while - Good ole SPAM.”


41 posted on 07/27/2022 8:07:23 AM PDT by Gaffer (Infidel, and proud of it!)
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To: Oldeconomybuyer

Economic statistics become worthless during a period of high inflation—unless the numbers are deflated by the amount of inflation during the period.

So—if the economy “grows” by 5% but the inflation rate is 10%, the economy actually shrunk by 5%.

This is how .gov can play stupid games with definition of a recession.

The economy has not grown by 10% in the past twelve months.

We are in a recession now.

Easy Peasy.


42 posted on 07/27/2022 8:10:15 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: Oldeconomybuyer

A recession is when the party in power loses more jobs than the party not in power.


43 posted on 07/27/2022 8:10:16 AM PDT by 1Old Pro
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