Brandon and his circus clowns try and redefine the word "RECESSION"...sorry fuckers!!

[bb1961]

What brain dead idiot (his psychofans) would buy the bullshit brandon and his worthless circus clowns are trying to sell the American public...even one of his staunch cheerleaders, CNN aren't buying this lie... On Monday, even CNN could not contain itself over the evasiveness of trying to redefine what a recession is amid clear signs and data points swirling around the economy: Amid fears of recession, CNN’s Kasie Hunt slams the Biden administration for denying the definition of a recession: “You can’t fake this!”. Amid fears of recession, CNN ...
but his staunch psychofans are falling all over themselves to french kiss his shit-stained asshole. FJBLGB!!

Biden White House talking points redefining recession …
https://www.foxnews.com/media/biden-white-house...
10 hours ago · Some liberal media outlets are beginning to fall in line with the Biden administration's spin on redefining what a recession is ahead of the release of potentially devastating economic stats ...

Biden Admin Scrambles to Redefine 'Recession' Before Economy …
https://www.uspresidentialelectionnews.com/2022/07/...
1 day ago · On Monday, even CNN could not contain itself over the evasiveness of trying to redefine what a recession is amid clear signs and data points swirling around the economy: Amid fears of recession, CNN’s Kasie Hunt slams the Biden administration for denying the definition of a recession: “You can’t fake this!”. Amid fears of recession, CNN ...

The Biden administration's conveniently malleable definition of …
https://theweek.com/feature/opinion/1015424/debate...
16 hours ago · The White House says the definition of a recession is more complicated than that. Republicans say the administration is playing word games to prop up Biden's poll numbers.

Biden Administration Accused of Propaganda and …
https://news.bitcoin.com/biden-administration...
2 days ago · This week market analysts, news outlets, and economists are accusing the White House of “Soviet-level propaganda” after the Biden administration redefined the technical definition of a recession.

A Recession by Any Other Name - WSJ
https://www.wsj.com/articles/redefining-the-r-word...
3 hours ago · The Biden administration appears to be preparing for a recession—or rather, for news of one. Rather than tackling the underlying economic problems, the …

Biden Administration Accused of Propaganda and ‘Redefining’ a …
https://www.prwires.com/biden-administration...
Jul 26, 2022 · The Biden Administration’s top economic priority appears to be changing the definition of a recession. “Joe Biden turned a recovery into a likely recession. Redefining the word will not fix the fact that Democrats wasted $1.9 trillion, …

Biden Administration Accused of Propaganda and 'Redefining' a …
https://cryptobtcmining.com/biden-administration...
Jul 25, 2022 · After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second

[00 gauge]

Yeah after the Trump presidency the economy had nowhere to go but down, and gas prices and the cost of living had nowhere to go but up ..... and dipshit biden made sure that's exactly what happened .....

[1blackman1]

What is the definition of a recession. Since you guys clearly know. Elucidate the rest of us.

[bb1961]

If you have no understanding of how the economy operates...do a little research.




Definition

In a 1974 The New York Times article, Commissioner of the Bureau of Labor Statistics Julius Shiskin suggested that a rough translation of the bureau's qualitative definition of a recession into a quantitative one that almost anyone can use might run like this:
In terms of duration—declines in real G.N.P. for 2 consecutive quarters; a decline in industrial production over a six‐month period.
In terms of depth—A 1.5 per cent decline in real G.N.P.; a 15 per cent decline non-agricultural employment; a two‐point rise in unemployment to a level of at least 6 percent.
In terms of diffusion—A decline in non-agricultural employment in more than 75 per cent of industries, as measured over six‐month spans, for 6 months or longer.[9][10][11]
In the United States, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) is generally seen as the authority for dating US recessions. The NBER, a private economic research organization, defines an economic recession as: "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales".[12] The NBER is considered the official arbiter of recession start and end dates.[13][14][15]
In the United Kingdom, recessions are generally defined as two consecutive quarters of negative economic growth, as measured by the seasonal adjusted quarter-on-quarter figures for real GDP.[16][8] The European Union does not use this definition, instead using a range of other criteria such as employment rate and the depth of decline in economic activity

[WTF]

Lot of money to be made in the market for there to be a recession going on!

[bb1961]

Tell that to the MILLIONS of struggling Americas...you can't make this shit up.
You being an elitist like ALL the left have no concern for the realities of the average struggling Americans.
They say buy an EV that costs an average of 65K and up...how out of touch is that??



Items That Are More Expensive Because of Inflation

These items have seen some of the largest increases over the past 12 months:

• Meats, poultry, fish and eggs: 11.7% increase

• Fruits and vegetables: 8.1% increase

• Electricity: 13.7% increase

• Utility (piped) gas service: 38.4% increase

• Airline fares: 34.1% increase

• Household cleaning products: 11.3% increase

• Rent of primary residences: 5.8% increase

[Salty Again]

Originally Posted by WTF

Lot of money to be made in the market for there to be a recession going on!

.... Too right, mate...

Just learned THAT from the Pelosi family.

... If this ain't a recession - it's doing a
crackerjack job o' looking like one!

A LOT of people think so...

#### Salty

[WTF]

Originally Posted by Salty Again

.... Too right, mate...

Just learned THAT from the Pelosi family.

... If this ain't a recession - it's doing a
crackerjack job o' looking like one!

A LOT of people think so...

#### Salty

I thought people had a hard time getting jobs during recessions?

You having trouble mate?

[bb1961]

Most of them have to get TWO jobs to make ends meet.

[1blackman1]

Originally Posted by bb1961

If you have no understanding of how the economy operates...do a little research.




Definition

In a 1974 The New York Times article, Commissioner of the Bureau of Labor Statistics Julius Shiskin suggested that a rough translation of the bureau's qualitative definition of a recession into a quantitative one that almost anyone can use might run like this:
In terms of duration—declines in real G.N.P. for 2 consecutive quarters; a decline in industrial production over a six‐month period.
In terms of depth—A 1.5 per cent decline in real G.N.P.; a 15 per cent decline non-agricultural employment; a two‐point rise in unemployment to a level of at least 6 percent.
In terms of diffusion—A decline in non-agricultural employment in more than 75 per cent of industries, as measured over six‐month spans, for 6 months or longer.[9][10][11]
In the United States, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) is generally seen as the authority for dating US recessions. The NBER, a private economic research organization, defines an economic recession as: "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales".[12] The NBER is considered the official arbiter of recession start and end dates.[13][14][15]
In the United Kingdom, recessions are generally defined as two consecutive quarters of negative economic growth, as measured by the seasonal adjusted quarter-on-quarter figures for real GDP.[16][8] The European Union does not use this definition, instead using a range of other criteria such as employment rate and the depth of decline in economic activity

So from your Wikipedia understanding, the US fulfills all the requirements of a recession?

[Yssup Rider]

Originally Posted by 1blackman1

So from your Wikipedia understanding, the US fulfills all the requirements of a recession?

Do you think he knows anyone can update Wikipedia?

Nah, prolly not.

[Yssup Rider]

Originally Posted by Salty Again

A LOT of people think so...

#### Salty

So is that what people are saying?

Is that what many people are telling you?

Somewhere, they're saying that. Is that what you're hearing?

HAHAHAHAHAHAAHAHAHAHAH!

[WTF]

Originally Posted by bb1961

Most of them have to get TWO jobs to make ends meet.

In recessions, it is supposed to be hard to get a job.

Are you implying that businesses need to pay more so workers do not have to work multiple jobs?

[Tsmokies]

Lol n omg n wtf n lol...look back a few years at the regan/bush and bush jr recessions...biggest recession since the great depression lol n omg n wtf. Clinton and Obama fixed it though

Dah...maybe get a clue. Record employment numbers and people living large in the Biden era. It's all good in my hood

I've never been a whiney little bot biotch though

[bb1961]

Originally Posted by WTF

In recessions, it is supposed to be hard to get a job.

Are you implying that businesses need to pay more so workers do not have to work multiple jobs?

Your understanding of the economy is piss poor at best.
When the dollars buys less because of the policies of branon and his circus clowns that have driven the cost of EVERYTHING up that is a pay cut...pure and simple, again you can't comprehend that. It has nothing to do with employers needing to pay worker more as you foolishly imply because their dollars aren't buying what they did a year ago.

Turnip head has given ALL worker a pay cut when their wages aren't keeping up with inflation because of the lefts out of control spending...I know that is beyond your comprehension.

You being an elitist like the rest of the leftwing nuts in gumment telling people to buy EV's with starting prices of 65K and up when they are struggling just to survive. The left is hung up on this "green energy" nonsense and fuck the people. How fucking arrogant and out of touch is that?? This shit never happened under Trump.

The MILLIONS of working class Americans have to do with less while the snob elitist laugh at their plight...nice that you can snub your nose at these hard working Americans struggling to survive. You can talk all the bullshit you want but it doesn't change the fact that brandon and his minions are bad news for the country.

If this doesn't speak volumes nothing does...brandon owns this and it's just getting worse hence the recession we are now experiencing.

Items That Are More Expensive Because of Inflation

These items have seen some of the largest increases over the past 12 months:
Meats, poultry, fish and eggs: 11.7% increase
Fruits and vegetables: 8.1% increase
Electricity: 13.7% increase
Utility (piped) gas service: 38.4% increase
Airline fares: 34.1% increase
Household cleaning products: 11.3% increase
Rent of primary residences: 5.8% increase