If the administration and their amen corner in the Washington press corps keep insisting the economy is just fine, they will annihilate what little credibility they have left.
By Chuck Warren July 28, 2022
On January 21, 2008, the first day of the final year of George W. Bush’s presidency, the Associated Press predicted a recession just as the presidential election was heating up. The story defined recession “as an outright contraction of economic activity and employment lasting at least six months.”
In June 2019, as another heated presidential race was just getting underway, Politico reported “Manufacturing as measured by the Federal Reserve has declined for two straight quarters, the technical definition of recession.”
In 2008, the AP got it right. In 2019, Politico got it wrong because it had manipulated the definition of a recession to fit a political purpose. A recession is not the decline of manufacturing but of all economic output. The United States was not in a recession that year. ...........To Read More...
Democrat Logic: Reduce Inflation with More Inflation! - August 3, 2022 By John Green -What could be dumber
than spending $433B that we don't have during an inflation crisis?
Raising taxes by $739B during a recession, that's what. Could anything be less economically sound
than doing either of those two things?Yup!The Dems are about to
give us a real demonstration of cluelessness.They're about to do both
of those things together — having the most negative impact on the
economy achievable by mere mortal men.And they're going to do it while
Americans are screaming that the economy is our biggest concern right
now. So are the Democrats.............The Dems are beyond excited about having a bunch more of our money to spend on their socialist schemes.
Politico is even giddy, celebrating that Biden is back.................
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