Seriously, those stimulus payments might have covered 1 month's rent and some household bills for a lot of families. I think whatever affect they had has long since worn off.
When big chunks of the economy is forced to shut down, it’s not wise to throw Friday night cash at everyone. Not just once, but twice.
Biden's check was biggest, but still less than Trump gave out ... It would be easier to take these kinds of complaints seriously if I could recall a single republican on this board calling out trump in 2020 for sending out the checks. But let's remember unemployment peaked at like 15% and GDP checked in at -30% for a quarter, so if there was any time to stimulate the economy, that seems reasonable.
I’m pretty sure I stated that trumps was bad enough. Bottom line is the first was Probly a gift/appeasement. Everything after was an exponential disaster
I said it then. Maybe not on this board, but I’ve pretty much always posted on this board how ridiculous the stimulus checks were.
You should have stopped at the bold. The US is in recession even if a technical recession. Next, you'll be wanting to redefine inflation. Somebody already stated in the inflation thread that inflation is just deception. LOL! I guess people will blindly follow their leader simply because he has a D behind his name. Wait, isn't that what you are saying we republicans do and not in a nice way? I keep fishing for that H word.
This is it entirely. It’s bad enough to just keep blaming everything on trump, but now he’s redefining the definitions of his failures. His own party doesn’t want him to run again. He did say he was going to bring America back together again. maybe this guy is craftier than anyone imagined
Figures you would have wanted me to stop after what you bolded. It's simple and easy to understand, with no nuisances. But economies don't work that way, and neither does the definition of recession. Which again, there has never been a convention on when we're in one, and most times, it's obvious, with everyone agreeing. Like 2008, which technically never had consecutive negative growth quarters. But rather one quarter with .1% growth, followed by a large drop the next quarter. But 2008 also saw unemployment rise, housing values dropping like rocks, as well as the stock market dropping, with the S&P Index losing 48% over about six months. Do we see anything like this happening today? Not at all. In fact, the S&P had its best month since November. So, can you really call this a recession if unemployment is low, and the stock market is strong?
The democrats can't run on Biden, won't be seen on the same stage with him like Tim Ryan of Ohio recently who is trying to pass himself off as a moderate after voting for Biden initiatives 100% of the time, so they have to run against Trump who hasn't even announced he's running in 2024. I'm good with Trump or Trump Lite, doesn't matter to me. By January 2025, the republicans will be in control of the White House, the House, and the Senate. They'll be there because they can run against the worst president in history who has produced nothing more than pain for the American people using failed socialist/globalist policies in less than 18 months.
It actually is remarkable how efficiently he’s been able to f s..t up. Apparently Obama did know what he was talking about after all.
It's a different recession for now, but still a recession. Again, you should have stopped at the bolded. The trouble with your thoughts is your failure to recognize that without major policy changes emanating from the White House, things are only going to get worse. That is not going to happen. You did not even realize why gas prices were down over the last 6 weeks until I dropped Biden's Executive Order on you. (shaking head) Ain't it great, the national price of gas is down .40 cents after Biden's energy policies drove up pump prices from low $2.00s per gallon nationally to over $5 national average gas for the first time ever. The stock market went below 30,000 just 3 weeks ago which signaled a bear market. It won't shock me when the market falls there and lower as the fed interest rate increases slow the economy. I'd say the stock market is irrationally exuberant. Buy away if you are dollar cost averaging and have a long-term investment timeline.
I just don’t see any way another shoe wasn’t gonna drop after the ENTIRE WORLD shut everything down for the better part of a year. I’m surprised we were able to keep it going as long as we did. The stimulus certainly didn’t help matters but the majority of this shit sandwich was unavoidable after Covid.
Lots of wishful thinking on your part here. It's not likely you're going to get what you want though. Good chance inflation has peaked. Lot's of current numbers hint at that but we'll see. As for your hopes that we are in recession, perhaps we are, but I doubt it will be much of one. Unemployment is much too low right now to warrant calling it anything but what it is -- 2 quarters of negative GDP growth after artificially high GDP growth in 2021 as a result of the pandemic in 2020. Anyway, let's definitely bookmark this post for the future. I think your confirmation bias has gone totally out of control. Have a little self-awareness. Try to understand that the stuff you want to see happen, so as to confirm your world view, isn't necessarily going to happen.
want to happen and foreseeing happening are two separate things. i was condemning the biden administration for their energy policies and the federal reserve for lack of action 9 months ago. the fed finally moved, but biden continues to make things worse fiscally and through policies and regulations.
It's a "different" recession? Defined how? And by whom? You're so sure the bottom will drop out. But if you have an economic crystal ball, and know what's coming for sure, why waste your time posting here? The difference you're alluding to is the fact we aren't experiencing the common ails of a recession. No mass layoffs and unemployment. And no stock market crashes. In fact, it's just the opposite. And if we have reached peak inflation, which signs currently point to as a definite possibility, next quarter could see positive growth. Oh, by the way, Biden didn't release strategic oil 6 months ago. 6 months ago puts us in January, and Russia didn't invade Ukraine until late February. The announcement to release the strategic oil came at the end of March. And it takes at least 2 weeks before any strategic oil can hit the market. Which means earliest the oil hit was mid April. Gas prices started dropping in May.
