The Trump administration's dismissal of economic experts and advisory committees is a dangerous move that could lead to a recession. Can we afford to ignore the warning signs and let politics dictate our economic future?
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.
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.
Just do what Biden did and redefine what a recession is to make it look less gloomy
Do what you do and redefine reality to fit your propaganda model.
Well, actually it was Obama that redefined recession. Biden redefined unemployment.
This is like pointing out grammatical errors in the Titanic’s breakfast menu.
Wrong. A 2 second search proves you wrong.
https://www.wsj.com/articles/redefining-the-r-word-recession-biden-economy-advisers-gdp-nber-semantics-poltics-gramm-rudman-hollings-11658951723
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.
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.
That’s the BlueMAGA cult mindset