Americans are very concerned with the shape of the economy so what does Biden do. Cite some meaningless statistics (from his cheat sheet, of course) and say, “It doesn’t look a recession to me” and promptly walk out without taking any questions. And the announcement that the scaled back version of BBB? It’s gov’t spending that’s causing inflation. So that and the microchip bill is just what the doctor ordered. NOT!
Aren’t booms and busts natural parts of capitalism? Do you want the government to control things instead? Are you some sort of socialist, or communist?
Summers and the other Trump Disciples continue to yearn for a recession, so they can weaponize it, as Summers is doing here, and continue to LIE about it, as they do everything.
As said elsewhere, the National Bureau of Economic Research, NBER, is the official agency that determines recessions, and has done so since the early 1940s. The U.K. uses the definition of two quarters of negative growth as their official measure. NBER takes in much more including unemployment and job growth. The only ones trying to redefine recession here are those who revel in seeing U.S. failures.
Daeder almost 2 years ago
Looks like another lame duck cartoon from Summers.
FJB Premium Member almost 2 years ago
Americans are very concerned with the shape of the economy so what does Biden do. Cite some meaningless statistics (from his cheat sheet, of course) and say, “It doesn’t look a recession to me” and promptly walk out without taking any questions. And the announcement that the scaled back version of BBB? It’s gov’t spending that’s causing inflation. So that and the microchip bill is just what the doctor ordered. NOT!
NeoconMan almost 2 years ago
Yay, we have a recession! Wonderful. Hope it’s a doozy so we can blame Biden.
rbullfogg almost 2 years ago
The Dems can’t follow this analogy!
Daeder almost 2 years ago
^ We can follow lies just fine, we simply choose not to believe them.
Rich Douglas almost 2 years ago
Aren’t booms and busts natural parts of capitalism? Do you want the government to control things instead? Are you some sort of socialist, or communist?
(See how dumb it sounds?)
zerorest almost 2 years ago
No, that’s a quack economist.
braindead Premium Member almost 2 years ago
Summers and the other Trump Disciples continue to yearn for a recession, so they can weaponize it, as Summers is doing here, and continue to LIE about it, as they do everything.
ncorgbl almost 2 years ago
As said elsewhere, the National Bureau of Economic Research, NBER, is the official agency that determines recessions, and has done so since the early 1940s. The U.K. uses the definition of two quarters of negative growth as their official measure. NBER takes in much more including unemployment and job growth. The only ones trying to redefine recession here are those who revel in seeing U.S. failures.