GDP contraction deepens giving fresh recession clues amid soaring inflation

BRANDON and the DNC are blaming Putin and their media allies are carrying the message.











Btw I could have posted another 100+ news clips but 5 is the limit here.

 

Chair of the Fed is Jerome Powell, not Trump. But keep wishing, one day your dreams will come true.

U.S. President Joe Biden announces the nomination of Federal Reserve Chair Jerome Powell for a second four-year term, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., November 22, 2021. REUTERS/Kevin Lamarque

 

yep, Biden had hoped he would do the same as he did under Trump, dump trillions on the economy, but he is a republican so decided to cut the dump and increase interest rates - funny how that works

the fed has way way too much power

 

So, you have no clue how the Board of Governors of the Federal Reserve System works. No surprise. The fed may have "way way too much power", but the current make is 3 Dems, 3 GOP.

Funny thing, the previous Chair of the Federal Reserve System was Janet Yellen. Yes, our current Secretary of the Treasury. Let's go, Brandon.

 

sounds like you don't, maybe you should do a little research first

this happened under Trump, Trillions released into the economy pre-Covid - that doesn't happen during a naturally great economy, that is called propping up a failed economy on the verge of collapse

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

the fed dumped $$$ on the economy under Trump in 2019, now under Biden's hot economy they are trying to raise interest rates to cool the economy in 2022

 

To be truthful, this started while Trump was in office and Biden has made it not much better ... have to wait and see how Biden ends his tenure ...

 

He and Biden didn't clean it up fast enough it was the WORST economic recovery in modern history because they tried to use the same failed policies Biden is using now. And the clean was for that Dem Congress, including Senators Obama and Biden, which took control a year BEFORE the recession even began before the slowdown even began and weren't about to pass the policies Bush and the Republicans used in 2000 and 2001 to mitigate that recession and get us in a great recovery. You seem to forget that little fact.

 

Trump and Bush crashed the economy, take your pick

 

Why do you deny COVID crashed the economy? Why do you deny Bush got us out of the recession he inherited when he took office and that the Democrats lame ducked him in 2008 a year before the recession. They were passing their own policies not his. And it was Obama's stimulus that was supposed to hold unemployment to just 8% and then it would rapidly fall as it worked it's magic taking the deficit to $1,400B just two years after the last Bush/Rep deficit of a paltry $161B. What happened, unemployment soared to 10% and stayed over 8% for the next THREE YEARS and as the unemployment trickled down the cause was a coinciding drop in the LFPR to historic lows, incomes FELL they did increase. It tool the Rep's first taking back the House and then the Senate and then the WH that gave us one of the best economies ever until COVID hit. It wasn't a Trump policy that cause the economy to collapse it was COVID. But it was his policies that got the economy back on track with the largest increase in GDP ever and people starting to go back to work and then along came Biden who flushed that all down the toilet. Take your pick the The Bush/Rep economy, The Bush/Dem economy, the Obama/Dem, The Trump pre-Covid?

 

lol, oh, so now it's Covid and not Biden, your getting warmer... but don't forget big oil is adding to the problem

 

Nah, we had negative growth and the next report is expected to be negative. Thanks to Bidens inflation.



Many are saying we are in a recession now. Thanks Biden.

 

Plus, they never consider cost of living and taxes in their 'analysis'. They think someone making $80k in California is wealthier than someone making $40k in Texas when the Californian has a far lower quality of life and far less buying power than the Texan. Yes, they'll claim the Californian is 'wealthier'.

California is a very poor state with a lot of very wealthy people that prop up their numbers.

 

I saw that. One did not need to wait for the number to know that we are in recession. Democrat voters wanted this; we all got it

 

I know what sad looks like now. This post is such an excellent example. Maybe, you could illuminate the rest of us and demonstrate what Biden et al have done to either mitigate the current recession, or attempted to redirect the economy in a way that would have otherwise improved it..

 

LOL.. Nah, that would be Brandon blaming Putin. Do you not agree with your president?

 

No Nobel prize for you this year... LMAO...

 

Does the fed still own that stock, or did they sell it for a huge profit?

 

So much for being honest. But why would you care? Chuck Schumer crashed the economy, the first time in 2008, and in conjunction with Uncle Joe, did the same in 2022. Take about a guy who hates his country...

 

what's sad is that some on the right can't see the truth, they are blinded by the big lies on the right

 

sounds like you do, but only if it allows you to deflect the blame off of Trump

 

Trump won't be getting ne either

 

you tell me, did they buy under Trump to artificially raise prices and sell under Biden to artificially cool the economy?

also most like the FED has become political

 

So that's a no, you had no narrative that could demonstrate what Biden has done. And instead, misdirect to demand others to believe in your new emotionalism and conspiracy theory. That's really sad. Another keeper for the hopper.

 

so much for being honest, we all know Bush crashed the economy in 2008 and Trump crashed the economy in 2019