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Biden Recession

Biden Administration Can Lie All They Want – Americans Have Their Own Economic Indicator

In this week’s installment of “how big of a lie can we sell to the American people” the Biden team and their propaganda ministry are redefining what a recession is. The threshold for declaring a recession has historically been accepted as two consecutive quarters in which the gross domestic product (GDP) has declined. Our GDP declined 1.6 percent in the 1st quarter and .9 percent in the 2nd quarter. Normally that would meet the criteria for a few bad news cycles.

The Democratic Party And How To Avoid A Recession… Why Didn’t We Think Of This Before?

For those of us who bothered to study Macroeconomics 101 in school, you needn’t have bothered. In our first week of the class, we learned that two successive quarters of negative GDP growth meant we were in a recession. But that’s not true, don’t you know. In fact, if you got that question wrong on an exam, we suggest you contact that professor and ask for your grade to be changed. It turns out that, especially in an election year, the definition of a “recession” is whatever the hell Joe Biden and Janet Yellen say it is.

Chicken Little and the Democrats In Denial: The GDP Is Falling!

The Atlanta Fed GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is 0.9 percent on June 8, unchanged from June 7 after rounding. After this morning’s wholesale trade release from the US Census Bureau, the nowcast of the contribution of inventory investment to second-quarter real GDP growth decreased from -1.61 percentage points to -1.62 percentage points.