Just do what Biden did and redefine what a recession is to make it look less gloomy
Don’t know why you’re getting down voted. This is EXACTLY what Biden did.
Just shows people cannot handle the truth so they down vote instead. Smh.
I posted elsewhere, but I think the real issue is that it really didn’t look like a recession. While technically it was a recession by the two negative quarters definition, if you look at real GDP it’s barely a blip.
I suspect at the time the concern was that calling it a recession would have impacted the recovery. Not that I think that’s a good excuse, but they werent hiding the data. With Trump, he’s trying to hide the downturn rather than trying to rally the recovery.
Calling out Biden here is a very “both sides” centrist kinda mindset.
The circled area is the blip that your source is referring to. The giant drop before it is from during Trump’s first term. Everyone thought we were going to hit a recessesion that would be a big issue. As you can see it was fixed extremely quickly. The wall street journal leans right and was using it as propaganda to promote Republican efforts.
It’s odd that people here mock voters for “pRiCe oF EgGs” but don’t realize that it was shorthand for the economy being shit for the vast majority of Americans. Obviously Trump isn’t better for the economy, but there were fundamental problems like the high cost of living that people were desperate to get out of and desperate people do desperate things which can be seen as stupid.
Our economy has been an inflatable castle patched with band-aids all over, especially since 2008, but the foundations for this setup was laid down decades before that. Touting higher consumer spending numbers (because people have to pay more for everything), lower unemployment (because people are kicked off unemployment and have to work shitty gig work), or the dumb stock market (which has been pumped with massive money printing) is as dishonest as outright hiding numbers.
Well, actually it was Obama that redefined recession. Biden redefined unemployment.
Wrong. A 2 second search proves you wrong.
They are already doing it. Look at the illegal immigration numbers, which they released with no documentation for either Biden’s ludicrously high numbers to Hitlerapig’s ludicrously low numbers.
HitlerPig wouldn’t release a single number for anything without sweetening it in his favor.
Everything from this administration should be assumed to be a blatant lie.
We’ve been in a recession. The word you’re looking for now is depression.
Not really, maybe a blip of something in 2021-2022, but generally the US economy as a whole has been doing alright - Real GDP. Individual people though have been getting beaten up recently, but boy is that about to get worse.
the fantasy bullshit metrics that function as a half-lottery between the ultra wealthy, those have been doing fine
but nobody can afford rent eggs are 2$ each and nobody’s had a raise in years, so the way we distribute our resources WAS fine, but the lottery got weeird, so now our stuff is gonna get even more exploitative
read that back to yourself, dear.
I don’t disagree. My point was that we weren’t in a recession. Things may have been bad for many people, but that was when the “economy” was doing well.
Current indications are that the “economy” is heading for a downturn. If things were already rough for people, it certainly isn’t going to get better if that happens.
Ah, taking the Russian approach, I see
Yep:
“Reduced transparency in official statistics is perhaps the most troubling aspect of disbanding FESAC,” wrote Claudia Sahm, a former Federal Reserve economist, at Bloomberg on March 11. “Cutting off agency staff from external advisers creates an environment where political interference could occur much more easily—and go undetected. With political officials such as Lutnick arguing publicly that GDP should exclude government spending, it is especially important to have external, independent experts.”
Wait… I thought Trump was going to have inflation and grocery prices fixed on day 1
I know it’s been said, but it bears repeating, for the willfully ignorant in the back
