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The Recession That Dare Not Speak Its Name

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Posted By: Garnet, 7/29/2022 2:04:35 AM

Thursday morning, the Commerce Department admitted what most Americans already knew — the nation is in the midst of a recession. The economy has contracted for the second consecutive quarter this year. During the first quarter, gross domestic product (GDP) shrank by 1.6 percent, and it shriveled another 0.9 percent during the quarter that just ended. Thus, the Biden economy now meets the standard benchmark economists have used for decades to define “recession.” Inevitably, the White House, its accomplices in Congress, and the corporate media are again trying to gaslight the voters.

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Reply 1 - Posted by: JonR 7/29/2022 2:10:25 AM (No. 1231657)
A recession deliberately/intentionally brought to the country by the democrat party and a corrupt president! And for good measure, a southern open border streaming invaders that will change this country forever! Also intentional and deliberate! So all you Trump haters and Biden lovers, this in on you! Enjoy the suck people as we circle the drain together!
10 people like this.

Reply 2 - Posted by: F15 Gork 7/29/2022 6:38:16 AM (No. 1231699)
No worries, we’re just in a transition....from a 1st World to a 3rd World economy. Sit down and shut up! At least we’re not in a famine (yet)....
6 people like this.

Reply 3 - Posted by: singermom9 7/29/2022 6:39:03 AM (No. 1231700)
Today it will be called PUTIN'S RECESSION because it cannot be bidens fault.
4 people like this.

Reply 4 - Posted by: fingerpicker 7/29/2022 7:42:44 AM (No. 1231743)
New definition of Recession: any 2 consecutive quarters of any economic growth (+ or -) under a Republican president.
3 people like this.

Reply 5 - Posted by: downnout 7/29/2022 7:56:59 AM (No. 1231754)
It’s worse than recession, we have stagflation. FJB.
2 people like this.

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The Recession That Dare Not Speak Its Name 5 replies
Posted by Garnet 7/29/2022 2:04:35 AM Post Reply
Thursday morning, the Commerce Department admitted what most Americans already knew — the nation is in the midst of a recession. The economy has contracted for the second consecutive quarter this year. During the first quarter, gross domestic product (GDP) shrank by 1.6 percent, and it shriveled another 0.9 percent during the quarter that just ended. Thus, the Biden economy now meets the standard benchmark economists have used for decades to define “recession.” Inevitably, the White House, its accomplices in Congress, and the corporate media are again trying to gaslight the voters.
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