Alt right putting out some stupid statements about whether we are in a recession

Ukraine is going to go down as the death rattle of the West, that and the bungling/weaponized pandemic are the two biggest reasons why global economic calamity is here over five years early.

Fuck.
 
Grokmaster said:
LYINGASS LEFT ALREADY TRYING TO CHANGE THE DEFINITION OF RECESSION FOR MASSIVE "SPINARAMA" ALREADY STARTING BEFOR THE GDP REPORT IS EVEN RELEASED.
SUDDENLY , A RECESSION ISN'T "REALLY" A RECESION ANYMORE , AS TH EBIGGEST LIARS HERE FOLLOW THEIR MARCHING ORDERS... :laugh:
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Imagine if a Republican or Trump tried that...
 
zymurgy said:
wave those pom poms like a cheer leader. sure, inflation is bad, but everyone is dealing with it this time.

poster child for a Dementia Joe voter right here
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Once again, derpboy, the entire world is dealing with inflation, cramped housing market, shortages, and the other residual effects of the pandemic. You sound more like a poster child for the #IAloneCanFixItGrifter.
 
ThatOwlWoman said:
Once again, derpboy, the entire world is dealing with inflation, cramped housing market, shortages, and the other residual effects of the pandemic. You sound more like a poster child for the #IAloneCanFixItGrifter.
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you morons don't get it - you act like this is some long standing sacred system. This was born in 1971. The frequency and size of these calamities will continue to get worse for Americans. this is beyond repair, it will be a matter of dealing with the fallout.
 
T. A. Gardner said:
Yea, really? How many Communist / Socialist society's economic ideas worked out great? It's the Left's economic ideas that suck harder than Kirby vacuum cleaner.
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Except you are full of shit. When we have democratic presidents conditions improve, when we have republicans they suck. by the end of Clinton's terms we actually had a budget surplus. he handed that to Bush and he gave us the worst recession in history. He handed that to Obama and it took him 8 years bring unemployment from 10% down to 4. He handed that to Trump and he took credit for it before fucking it up again. He has given it to Biden and he's working on it, things are getting better. He will bring things back in line by the end of his first term, probably have a surplus again by the end of his second.
 
T. A. Gardner said:
Imagine if a Republican or Trump tried that...
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If we have a recession it's going to be a tiny one, things will be back in order by 2024 as long as the right doesn't take any of the houses. It's starting to look like they won't with Trump embarrassing republicans and this sham of a right wing supreme court doing stupid things like reversing Roe.
 
Port Tack said:
If we have a recession it's going to be a tiny one, things will be back in order by 2024 as long as the right doesn't take any of the houses. It's starting to look like they won't with Trump embarrassing republicans and this sham of a right wing supreme court doing stupid things like reversing Roe.
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:laugh:
 
Grokmaster said:
That's NOT "before the pandemic hit"..
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There had been 8 cases within the USA, but only one of them was known at the time. That one had not spread it to anyone. There had been a death, but that was not known until two months later. It was quite definitely before the pandemic hit the economy.

Things were going to change rapidly from there, but when we entered the recession, the pandemic had not effected the economy. The rapid effect on the economy masked how bad the recession would have been, so we will never know.
 
Port Tack said:
Except you are full of shit. When we have democratic presidents conditions improve, when we have republicans they suck. by the end of Clinton's terms we actually had a budget surplus. he handed that to Bush and he gave us the worst recession in history. He handed that to Obama and it took him 8 years bring unemployment from 10% down to 4. He handed that to Trump and he took credit for it before fucking it up again. He has given it to Biden and he's working on it, things are getting better. He will bring things back in line by the end of his first term, probably have a surplus again by the end of his second.
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Oh, so you are claiming that Republican presidents are Communists and Socialists are you? As for Biden he has totally fucked the US economy through excessive spending, massive new and intrusive regulation, and policies like trying to fix Gorebal Warming using idiotic and retarded radical Leftist economic and energy policies. We will only continue downhill if he keeps it up.
 
Walt said:
First of all, we are not in the worst recession of all time. We might be barely in a recession, or maybe not.

The oversimplified definition of a recession is two GDP declines in a row. There was a minor decline reported in the first quarter, and on July 28th, we may hear there was another minor decline. We will not hear there was a huge decline in either quarter, and almost certainly we will hear of an upward revision in the first quarter. There might not have been a decline at all in the first quarter.

The NBER, and other economists look at more than just the GDP, and right now there are some strange things happening to the GDP. In 2001, there were not two consecutive quarters of negative GDP growth, and yet there was a recession. Other statistics pointed to a recession, so the overall economy was declared in recession. The reverse can easily happen.

GDP is the older statistic, but GDI (Gross Domestic Income) is usually considered slightly better. Product and income should match up perfectly, but call upon slightly different statistics, and therefore always differ slightly. Right now they differ greatly.

GDI shows positive growth in the first quarter. That means that GDP will be revised upwards for the first quarter. It may not end up positive, but it will definitely end up higher. It also means the economy is doing better than the not that bad that the GDP shows.

https://www.economist.com/finance-a...understates-the-strength-of-americas-recovery
https://www.economist.com/united-st...erica-may-officially-avoid-a-downturn-for-now
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The alt right is a cesspool of corruption, ignorance, stupidity and craziness. These idiots are not fit to be called civilized human beings but worthless trolls only.
 
Walt said:
First of all, we are not in the worst recession of all time. We might be barely in a recession, or maybe not.

The oversimplified definition of a recession is two GDP declines in a row. There was a minor decline reported in the first quarter, and on July 28th, we may hear there was another minor decline. We will not hear there was a huge decline in either quarter, and almost certainly we will hear of an upward revision in the first quarter. There might not have been a decline at all in the first quarter.

The NBER, and other economists look at more than just the GDP, and right now there are some strange things happening to the GDP. In 2001, there were not two consecutive quarters of negative GDP growth, and yet there was a recession. Other statistics pointed to a recession, so the overall economy was declared in recession. The reverse can easily happen.

GDP is the older statistic, but GDI (Gross Domestic Income) is usually considered slightly better. Product and income should match up perfectly, but call upon slightly different statistics, and therefore always differ slightly. Right now they differ greatly.

GDI shows positive growth in the first quarter. That means that GDP will be revised upwards for the first quarter. It may not end up positive, but it will definitely end up higher. It also means the economy is doing better than the not that bad that the GDP shows.

https://www.economist.com/finance-a...understates-the-strength-of-americas-recovery
https://www.economist.com/united-st...erica-may-officially-avoid-a-downturn-for-now
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We're in two consecutive quarters of negative growth you lying faggot which is why the illegitimate Orwellian Biden junta is trying to redefine the definition of recession get fucked retard
 
Walt said:
There had been 8 cases within the USA, but only one of them was known at the time. That one had not spread it to anyone. There had been a death, but that was not known until two months later. It was quite definitely before the pandemic hit the economy.

Things were going to change rapidly from there, but when we entered the recession, the pandemic had not effected the economy. The rapid effect on the economy masked how bad the recession would have been, so we will never know.
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How do you call a recession in February, what two quarters were their negative growth? You're living on fucking Mars, if it was technically a recession it was only because growth skyrocketed to 2.9% in 2018 and was still 2.1% in 2019 compared with 1.5%% estimated growth for 2022 when the economy should be in a strong revovery, all Biden had to do was get out of the way and he couldn'teven do that right.
 
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Shoresy said:
We're in two consecutive quarters of negative growth you lying faggot which is why the illegitimate Orwellian Biden junta is trying to redefine the definition of recession get fucked retard
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We do not know that. The first quarter will almost certainly be revised up, and the second quarter has not come out yet. The GDP oversimplified definition might barely be met, or might not.

Back in 2001, we had a recession without two negative GDP growth quarters, because GDP is not the only number they look at. A lot of the other numbers make the GDP look inaccurate right now. None of this is new.
 
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