Flashback: In 2000, Bill Clinton Said “A Recession Is Two Quarters In A Row Of Negative Growth”

[White 6]

The same people who are saying that democrats are not grooming kids in schools are the same people who are denying there is a recession.

Really? Name them. What democrat is making both of these claims, you state?

 

[ColonelAngus]

What makes it NOT A RECESSION, SPECIFICALLY?

 

[22lcidw]

I don't think we'll see >10% unemployment like we saw in 1981. Hopefully not the 7.4 of 92

The fed can't do anything about energy or even construction costs or food. It can cause people to spend less, but this is not 1978 when we killed inflation by basically killing the economy. This recession is largely a result of killing the economy. But it seems to me the supply chains are getting better. Slowly.

The fed CAN stop people from buying on credit. I think the feds funds rate is at 2.5 and Powell said further increases should be smaller. That's still not historically high, but we'll still see it on credit cards. But like you said, there will be small biz loses

I'm not seeing anything to save the dems, even though it's not ALL their own making. I don't see the gop cutting taxes for the top 1% being very beneficial. It won't cause inflation, but it will blow up the deficits further.

Hopefully a year from now inflation will be moderating, and people can get back to hating republicans over roe and dobbs. Pitchforks and Torches!

The social payout cushion is also a bit of a buffer to things looking worse.

 

[shockedcanadian]

Jake Tapper doing his best to reclaim CNNs integrity. He is calling out Gene Sperling, senior advisor in the W.H on the definition as being two consecutive quarters.

In my opinion this denial is an act I would suspect from Trump, not Establishment Politicians. Just call it what it is "a recession", you can add your caveats and maybe even call it a "unique" one, but it is a recession.

At what juncture are politicians going to accept reality instead of trying to redefine it?

 

[TheGreatSatan]

What makes is NOT A RECESSION, SPECIFICALLY?

Democrats don't even know what a woman is