Voters: It’s Biden’s recession, drove economy ‘into the ground’.

Discussion in 'Political Opinions & Beliefs' started by Zorro, Aug 4, 2022.

  1. Zorro

    Zorro Well-Known Member

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    Voters: It’s Biden’s recession, drove economy ‘into the ground’.

    Biden/Dems have hurt a lot of hardworking folks.

    “Democrats inherited an economy that was primed for an historic comeback, and promptly ran it straight into the ground.”

    "Asked about that, 59% of voters agreed, thirty-five percent disagreed."

    Very few are undecided.

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    Few things are more frustrating for working folks than a rapidly devaluing currency.

    "Voters are eager to punish somebody for the recession and wallet-robbing inflation."

    It was completely unnecessary.

    "A sky-high 91% said that economic issues will be important in the fall congressional midterm elections, with most of those — 66% — calling them “very important.”"

    In a 10% inflation rate, it's an automatic pay cut.

    But those fat cats that deliberately screwed everything up? They are living large. It's important that they lose their elections. That's a message that must be sent.
     
  2. independentthinker

    independentthinker Well-Known Member

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    In the end, abortion only really effects those wanting or seeking abortions. Most everyone else will decide at the polls that inflation really effects them personally while abortion does not.
     
    XXJefferson#51 likes this.
  3. stratego

    stratego Well-Known Member

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    When Trump took over office he was handed an economy which was impossible to significantly reduce unemployment. But when he left office he made it possible for Biden. Biden was handed an economy where he could easily reduce lumber prices, reduce gas prices, and reduce unemployment, but he just sat on the opportunity handed to him.
     
  4. Zorro

    Zorro Well-Known Member

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    THE R-WORD: Is It A Recession Yet? Services Sector Shrinks Again, Signaling Strong Chance of Third Straight Economic Contraction.

    Destruction:

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    "Business activity in the U.S. services sector declined at the fastest pace since May of 2020, a sign that the economy could be in a recession already or teetering on the edge."

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    “US economic conditions worsened markedly in July, with business activity falling across both the manufacturing and service sectors. Excluding pandemic lockdown months, the overall fall in output was the largest recorded since the global financial crisis and signals a strong likelihood that the economy will contract for a third consecutive quarter,” said S&P economist Chris Williamson."

    'Companies that reported reduced output linked it to relatively subdued demand, worsening financial conditions, and higher prices.'

    This is what the Environmental Cult wants.
     
  5. Zorro

    Zorro Well-Known Member

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    TRY NOT TO THINK OF A RECESSION — "Biden administration denials are bound to deliver the opposite of the intended message."

    "Is the U.S. in a recession? New York Mayor Eric Adams seems to think so. Speaking last week to the nonprofit group Project Hospitality, he said: “We’re in a financial crisis like you can never imagine. . . . Wall Street is collapsing. We’re in a recession.” But Mr. Adams’ fellow Democrats in the Biden administration have been furiously denying there’s a recession. When a reporter asked him if they’re wrong, he backtracked: “The president will make a determination on the official title of where we are; that’s the president, and I follow the lead of the president.”

    Biden doesn't decide.

    'The debate has brought a new notoriety to the National Bureau of Economic Research’s Business Cycle Dating Committee, the organization that officially designates recessions. The NBER’s definition is “a significant decline in economic activity spread across the economy, lasting more than a few months” and taking into account gross domestic product, real income, employment, industrial production and consumer spending. That’s a mouthful, and it can’t compete with the simplicity of “two quarters of declining GDP.” In any case, NBER won’t make a determination for months."

    Certainly not before the election.

    "Saying “This isn’t a recession” only convinces people we’re in a recession. The word “recession” makes a much stronger impression on the listener than the word “isn’t.” This is one of the easiest mistakes to avoid, but it pops up daily."

    "As always life imitates Monty Python: In “the Amazing Mystico and Janet” sketch, the magician puts up a block of apartments instantly — but the buildings only stay vertical if their tenants believe in them."

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  6. Zorro

    Zorro Well-Known Member

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    Consumer Sentiment, dives to Jimmy Carter levels.

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    It's been 42 years since Americans were looking around them with this much dismay. How fortunate that it's only 93 days until the next election.
     
  7. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Take a look at the budget deficits, and then understand how that causes inflation.
     
    Last edited: Aug 8, 2022

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