Biden says US not in a recession despite
two consecutive quarters of shrinking economy
Posted By: NorthernDog, 7/28/2022 2:02:18 PM
President Biden said the United States "is not in a recession," despite Thursday's GDP report, saying it is "no surprise that the economy is slowing down" amid inflation. The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a recession as record-high inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of
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Sen. Joe Manchin of West Virginia stunned many by striking an agreement for a $790 billion climate, healthcare, and tax package. The legislation is much bigger than most Democrats thought possible only two weeks ago when Manchin appeared to take climate programs and tax hikes off the table, citing growing fears about fueling inflation. But the most carefully negotiated deals can still be upended in an environment where no margin of error exists. Manchin is on a collision course with Sen. Kyrsten Sinema of Arizona over a small part of the bill. The pair disagree on carried interest, a loophole
Lively crowd at LIV Golf Bedminster doesn't
care about Donald Trump, Saudi Arabia connections 7 replies
care about Donald Trump, Saudi Arabia connections 7 replies
BEDMINSTER, N.J. — An already lively crowd erupted with applause and chants of “Four more years!” and “Let’s go Brandon!” when former President of the United States Donald Trump made an appearance at the first tee before Friday’s shotgun start of the LIV Golf Invitational Series event at Trump National Golf Club Bedminster. “What’s (PGA Tour commissioner) Jay Monahan doing right now? Crying!” yelled another fan. The former president has faced a great deal of criticism for hosting the Greg Norman-led and Saudi Arabia-backed series, especially from a group of 9/11 families, who held an emotional protest Friday morning before
Social media users have started spreading conspiracy theories about President Joe Biden following a video where he keeps his eyes open noticeably wide. A video posted to Biden's Twitter page earlier this week has sparked a series of conspiracy theories about the president online. In the video posted on Tuesday, Biden, who has just recovered from COVID, condemns former President Donald Trump and his role in the January 6 Capitol Riots. (Tweet) However, viewers were drawn to Biden's appearance, most notably how wide he kept his eyes open in the 17-second clip. Some Twitter users have claimed the White House
The Minneapolis Police Department’s “buyback” program allows organizations, sports teams or neighborhoods to buy extra overtime police patrols. But the program has been criticized as inequitable and further stretching the department’s resources at a time when some less wealthy neighborhoods say police are totally unresponsive. Host Cathy Wurzer talked to Michelle Phelps, an associate professor in the department of sociology at the University of Minnesota who is working on a book about policing in Minneapolis. The following transcript has been edited for length and clarity. Click the audio player above to listen to their conversation. I'm curious what got us
President Biden said the United States "is not in a recession," despite Thursday's GDP report, saying it is "no surprise that the economy is slowing down" amid inflation. The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a recession as record-high inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of
LOS ANGELES — The newest bridge in Los Angeles, a $588-million architectural marvel with views of the downtown skyline, opened to great fanfare on July 10. It has already been closed, to great dismay, several times since then amid chaos and collisions. The 6th Street Viaduct — which soars over the concrete-lined Los Angeles River to connect downtown to the historic Eastside — quickly became a hotspot for street racing, graffiti and illegal takeovers that draw hundreds of spectators to watch drivers perform dangerous stunts in their vehicles. Social media stunts have abounded as well — in one case, a man sat in a
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he evidence is building that President Joe Biden isn’t the only Democrat Americans should be worried about when it comes to how things are working upstairs.
When House Speaker Nancy Pelosi took to the podium on Thursday for her weekly news conference, she launched into a stream of incoherence that would have rivaled Biden on his worst day.
And it couldn’t have built much confidence in the nation’s top leadership.
Today during her press conference she was either on medication or some sort of alcohol because her behavior was not normal!
San Francisco has declared a state of emergency over the spread of Monkeypox in the city, Mayor London Breed said Thursday as the number of cases soared in July.
The first case of the virus, which is predominately affecting the gay and bisexual community, was recorded on June 3. By July 28, the number of cases reached 281, according to the city.
“San Francisco is declaring a Local Public Health Emergency for monkeypox. This declaration will go into effect starting August 1 and will allow us to prepare and dedicate resources to prevent the spread,” Breed said.
Today Russia announced a bunch of new problems it was allegedly having with the Germany-made machines that pump natural gas through the Nord Stream 1 pipeline.
Delivery of a Nord Stream 1 gas turbine to Germany from Canada after maintenance was not in line with the contract, Gazprom’s senior manager said on Friday, stepping up criticism of manufacturer Siemens Energy.
Vitaly Markelov, Gazprom’s deputy chief executive, also said Russia had complained repeatedly to Siemens Energy about problems with other turbines.
“We have repeatedly applied to the Russian representative office of Siemens about this, sent 10 letters.
Joe Biden had a more than two-hour call with Chinese President Xi Jinping on Thursday.
The first thoughts I have in writing about that call are that it’s dangerous for the United States to have him on a call for that long with a foreign leader, particularly Xi — that Xi would be able to see the issues, and therefore the weakness of Joe Biden. The one thing you never want to project to the Chinese is weaknessBut that’s just what Biden has been doing. China has been upset about the trip that House Speaker Nancy Pelosi (D-CA) has planned to Taiwan. Taiwan is our ally. Biden should tell
By definition, anyone hired based on their diversity and intersectional identities will not be the best. Merit and diversity are anathema to one another. Joe Biden selected Kamala Harris for his Vice President for the singular reason that she checked off boxes for being a black woman. Ditto for Ketanji Brown-Jackson and double ditto for Jen Psaki’s replacement Karine Jean-Pierre.
This isn’t a difficult concept, but all leftists lack self-awareness, introspection, and the ability to assimilate new information with their rigid dogma. That leaves us with someone so utterly bad at her job that it’s astonishing she is able to wake up in the morning.
Russia said Thursday it was not close to a trade for the release of WNBA star Brittney Griner, just a day after the U.S. revealed it placed an offer on the table for her freedom.
The U.S. initially proposed a prisoner exchange in June, offering to release notorious arms dealer Viktor Bout for Griner, according to CNN. While both sides have been in negotiations for months, Maria Zakharova, a spokesperson for Russia’s foreign ministry, said little progress had been made, according to Reuters.
Vindication: Biden Administration Quietly
Orders Part of Border Wall to Be Finished
in Arizona 20 replies
Orders Part of Border Wall to Be Finished
in Arizona 20 replies
On Thursday, the Biden administration ordered for the Yuma Morelos Dam Project in Arizona to be completed, which would “close four gaps” along the porous southern border sector. According to the Associated Press, this effort was backed by former President Donald Trump’s administration, essentially vindicating conservatives who backed tougher security in the region.
The Department of Homeland Security said that the effort will mitigate the risks for migrants, as “the area presents safety and life hazard risks,” according to a statement.
Of course, nobody should expect the administration to brag about this,
We found out on Thursday the Biden administration will fill in the gaps in Trump’s border wall near Yuma, AZ. Fox News reporter Peter Doocy asked Press Secretary Karine Jean-Pierre about Biden’s comments when he was a candidate. Jean-Pierre: "We are not finishing the wall." You’re not? I know this administration loves to change language and linguistics, but this is too much. Also, in 2019, Jean-Pierre called Trump’s wall racist. Is it racist when Biden does it? Jean-Pierre had the hardest time justifying the action while calling it ineffective and racist and claiming you’re just cleaning up Trump’s mess while trying to save lives:
Did You Get $8,000 From Joe Biden?
19 replies
In the administration’s haste to put out a “this is not a recession” message, they rolled out the recently COVID-19-recovered President Biden. Many COVID patients report residual brain fog, and it may be the virus that made Biden’s foggier than usual. During a discussion with his economic advisors, he essentially called Americans ignorant for not understanding all the Biden administration has done for them and treating us like ingrates for not appreciating the handouts we received.
Biden taking credit for keeping teachers on the job and schools open was pretty galling. But it only got worse. In response to one question, Biden said he takes consumer confidence
Let Trump be Trump
19 replies
For 7 years, Never Trumpers have complained about his style. I haven't. I like it. He is combative. Pugilists throw punches. Wusses say, "Please clap."
I can see why his style is off-putting. Conservatives are not used to elbows being out. They want Reagan the Grandfather.
But we have Trump who is crazy as a fox. That's the reality.
And the reality is a Reaganesque Trump would not work in today's political world. The shared experience of World War II is long gone. Elitists shun patriotism and their wannabes agree. Today's liberals respect no one, not even themselves. They run every institution in the United States, and they ruin every one.
The Democrat-led House of Representatives passed an “assault weapons” ban by a vote of 217 to 213 on Friday evening.
The legislation, H.R. 1808, was sponsored by Rep. David Cicillene (D-RI). Cicillene tweeted passage of the bill: Democrats had intended to hold a vote on an “assault weapons” ban on Wednesday, but had to pull the legislation after realizing they might not have the votes. Rep. Lauren Boebert (R-CO) warned this morning that Democrats were working behind the scenes to rally enough support to vote on the measure today.
The legislation is not expected to pass the 50-50 Senate.
On July 21, 2022, Breitbart News pointed to
Hanover, a city in the northwest of Germany, has become the first major metropolitan area to try and reduce the use of natural gas by removing hot water from public buildings. The move comes as natural gas supplies from Russia are reduced to 20% of capacity. Germany is attempting to fill up storage facilities of natural gas in order to survive the winter.
Germany, together with several European countries, are telling their citizens to expect large increases in their electricity bills as energy costs continue to skyrocket.
Comments:
He's living in make-believe land. The economy should be booming right now, and continue to do so for years.