US economy shrank 1.4% at beginning of 2022, worst quarter in 2 years

Stringfellow Hawk said:
LOL, OBama never had an economy, what a fucktard
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Also troll, you overlooked the big picture when it comes to the global economy that the Covid conspiring rat bastard tRump and his repuke goons and others of his un-American and foreign enemy enhanced hell bound insurgency from the sewer's impact on the global economy:

COVID-19 to Plunge Global Economy into Worst Recession since World War II

WASHINGTON, June 8, 2020 — The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year.1 That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, the World Bank says in its June 2020 Global Economic Prospects."
https://www.worldbank.org/en/news/p...o-plunge-global-economy-into-worst-recession-
 
gemini104104 said:
Also troll, you overlooked the big picture when it comes to the global economy that the Covid conspiring rat bastard tRump and his repuke goons and others of his un-American and foreign enemy enhanced hell bound insurgency from the sewer's impact on the global economy:

COVID-19 to Plunge Global Economy into Worst Recession since World War II

WASHINGTON, June 8, 2020 — The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year.1 That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, the World Bank says in its June 2020 Global Economic Prospects."
https://www.worldbank.org/en/news/p...o-plunge-global-economy-into-worst-recession-
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You think this is on Trump? You're an idiot.
 
Althea said:
LMAO

'Success'. The Fed giving billions to corporations who take the money and increase dividends/CEO pay, and do share buybacks.

Why should the taxpayer hand out welfare to corporations?
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Not sure why your response was attached to my comment.

I FEEL that the government does almost all of what it does for no other reason than to allow the lying thieves to steal.

If our politicians did not steal from us, out government would work much better and out debt would be a surplus.

The Social Security COLA each year are defined by the government to show what the actual rate of inflation has been in the preceding year.

Since 1999, the COLA's for SS have made that 1999 dollar paid out into about $1.50. Obviously, about a 50% increase over that period.

Over the same period, the increase in annual spending comparing 1999 to 2021 was about 400%. The difference, 62.5% of all spending in 2001, was theft by the lying thieves we elect. That's $4.3 TRILLION stolen in 2021 alone!

Whether the money is laundered by giving it to cronies, spent in over priced contracts or deliberate cost overruns on programs, this is theft by the lying thieves that we elect and the ones that they hire and appoint.

https://www.taxpolicycenter.org/statistics/federal-receipt-and-outlay-summary
 
gemini104104 said:
Also troll, you overlooked the big picture when it comes to the global economy that the Covid conspiring rat bastard tRump and his repuke goons and others of his un-American and foreign enemy enhanced hell bound insurgency from the sewer's impact on the global economy:

COVID-19 to Plunge Global Economy into Worst Recession since World War II

WASHINGTON, June 8, 2020 — The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year.1 That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, the World Bank says in its June 2020 Global Economic Prospects."
https://www.worldbank.org/en/news/p...o-plunge-global-economy-into-worst-recession-
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and trump engineered it? are you always that fucking stupid?
 
gemini104104 said:
You as a typical petty and desperate troll relying of Faux entertainment bs to demonstrate how much of a uninformed miscreant you are. Consider some facts:

The Biden Boom: Economic Recovery in 2021
President Joe Biden took office one year ago amid one of the worst economies in generations, but the U.S. economy has since made tremendous progress toward recovery, and workers are benefiting.

January 20 marks one year since President Joe Biden took office: It’s time to take stock of the historic economic boom under his leadership.

Though the United States faces serious economic challenges amid the ongoing global pandemic, 2021 was an extraordinary year of economic growth and recovery. The country saw record job gains and an unprecedented drop in unemployment. The economy likely grew faster than in any year since 1984, as measured by real gross domestic product (GDP). In 2021, the economy not only regained all pandemic-related GDP losses—it also surpassed pre-pandemic levels. Despite elevated inflation, Americans’ disposable incomes were higher in 2021 in real (inflation-adjusted) terms than they were in 2019 and 2020. Additionally, by many important measures such as savings and bank balances, Americans are more financially secure. The United States also made dramatic progress in lowering its exceptionally high rate of child poverty."
https://www.americanprogress.org/article/the-biden-boom-economic-recovery-in-2021/

Trump Has Failed the American Economy

Trump’s unwillingness to contain the COVID-19 pandemic constitutes one of the most catastrophic failures of leadership in our nation’s history. His brazen lies about the virus’ lethality and spread, shameful efforts to hide critical information from the American people and slander public health experts, and his reprehensible convenings of his very own superspreader events across the country collectively illustrate the degree to which he has abdicated responsibility for our nation’s safety and security. President Trump’s refusal to develop a national strategy to defeat – let alone contain – the virus has resulted in thousands of avoidable deaths and the most severe economic crisis in a generation."

https://budget.house.gov/publications/report/president-trump-has-failed-american-economy

The Trump administration was ruining the pre-COVID-19 economy too, just more slowly

Key takeaways:
Long before the COVID-19 pandemic the Trump administration was squandering the pockets of strength in the American economy it had inherited.
Broad-based prosperity requires strength on the supply, demand, and distributive sides of the economy, and Trump administration policies were either weak or outright damaging on these fronts.
Demand: Most of the Trump tax cuts went to already-rich corporations and households, who tend to save rather than spend most of any extra dollar they’re given.
Supply: Business investment plummeted under the Trump administration, despite their lavishing tax cuts on corporate business.
Distribution: The Trump administration undercut labor standards and rules that can buttress workers’ bargaining power."
https://www.epi.org/blog/the-trump-...pre-covid-19-19-economy-too-just-more-slowly/
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Booms go up, nothing has gone up except the price of goods and services. Fail
 
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