I miss the 80’s! I’m an 80’s baby through and through. Ok, I might’ve been born in the 60′, late 60’s, but my formative years were the 80’s.
I miss everything about the 80’s. The music, the hairstyles, the fashion. I owned parachute pants! I know some of you did too!
Show of hands, who else used White Rain hair spray? Come on fellas, don’t be shy!
Yep, the 80’s sure were good times. They say everything comes back around. Fashion, music, it all comes back in style.
The White House now says it’s only a recession if you see a salamander wearing a top hat.
— Conan O’Brien (@ConanOBrien) July 27, 2022
Thanks to Joe Biden, who was an old man IN THE 80’s, crippling inflation is back! Let’s go Brandon! What accompanies crippling inflation like a feathered hair stud at the senior prom? Recession! After the latest economic number were revealed, despite the White House lying otherwise, WELCOME BACK RECESSION! Let’s check with Fox Business for the dirty details:
The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession, as raging inflation and higher interest rates forced consumers and businesses to pull back on spending.
Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of the data on Thursday. Refinitiv economists expected the report to show the economy had expanded by 0.5%.
Economic output already fell over the first three months of the year, with GDP tumbling 1.6%, the worst performance since the spring of 2020, when the economy was still deep in the throes of the COVID-induced recession.
If, as Biden says, two consecutive quarters of negative growth do not equal recession, then what are examples in past of consecutive quarters with no recession? Have to look back 10, 20, 30, 40, 50, 60, 70, 75 years to find one — maybe. https://t.co/A9O0zfH9Xc
— Byron York (@ByronYork) July 28, 2022
Literally all Joe Biden had to do was slide in the passenger seat and steer the car. We should’ve had a roaring economy coming out of the fake pandemic. All Sleepy Joe had to do was not mess it up. Guess we know how that has worked out.
Barack Obama famously said, ‘Never underestimate Joe Bidens ability to f things up”. The one time we should’ve listened to Barry!!!
“Policymakers will no doubt be tying themselves in knots trying to explain why the U.S. economy is not in recession,” said Seema Shah, chief global strategist at Principal Global Investors.
Recessions are technically defined by two consecutive quarters of negative economic growth and are characterized by high unemployment, low or negative GDP growth, falling income and slowing retail sales, according to the National Bureau of Economic Research (NBER), which tracks downturns.
There is no question we are in a recession. the White House can lie and spin it however they want. One trip to the store, one stop at the pump, and soon, trips for school shopping only underscore what the American people know, but Joe Biden won’t admit. We are screwed. At least in the short term.
And spare me the fake unemployment and job numbers. While we may have a technically low unemployment rate, we also have a record number of people NOT in the job market. In short, the government paid people to stay home, and some liked it so much they decided to make it permanent.
Also, in regard to job creation, while Joe lies and tells us about all the new jobs created, the truth is we still haven’t recouped what was lost from the ill-advised shutdown of our economy because of Covid.
So, spare us Brandon, stop twisting the facts. Just admit what we know, and pledge to try to do better. However, that is too much to ask, because this administration is ill equipped to handle even the smallest of problems without making them ten times worse. Let’s go Brandon and take your cabinet and advisors with you!
This story syndicated with permission from robm, Author at Trending Politics
"*" indicates required fields