Posted on 08/01/2022 11:26:51 AM PDT by lowbridge
Economist Paul Krugman argued on Sunday the United States is not in a recession and it doesn’t matter anyway.
“None of the criteria that real experts use says we’re in a recession right now, and what does it matter?” he dismissively told CNN’s Brian Stelter. “The state of the economy is what it is. Jobs are abundant, although maybe the job market is weakening. Inflation is high, although maybe inflation is coming down. What does it matter whether you use the “r” word or not?”
The Left has been fiercely pushing back on the definition of a recession, commonly accepted as two quarters of negative GDP growth, since the Bureau of Economic Analysis report last week showed the GDP contracting .9 percent in the second quarter of 2022.
“The determination of some people to say ‘We’re in a recession!’ is above and beyond anything I’ve ever seen," Krugman continued, noting the politics surrounding the debate has been "especially vitriolic.
"He added: “They want their Biden recession even if it’s not a recession in any technical sense."
(Excerpt) Read more at townhall.com ...
This sounds like a Babylon Bee article.
What does it matter...let them eat cake.
When you’re rich and pay no taxes, it really doesn’t matter. If you’re the working poor and middle class and you pay one quarter or more of your salary to the government... It matters a lot
Obviously Krugman is wealthy enough that none of this stuff matters...to him.
Beat me to it.
Libtards hate admitting failure and will redefine the dictionary before doing so.
That’s what ding dongs do
Some flaming lib at a party this past weekend told me, that we’ll have a recession because people like me keep talking about it and make everybody scared to spend money.
I told that dude to look at gas prices and make a correct determination about what impact inflation and energy prices have on people.
about as much as where Obama was born and what happened with the Dominion machines...
Did KrugmanIdiot just pull a HitleryIdiot meme? lmao
I guess he doesn’t remember the lead-up to the 2008 election.
Economy is economy. Stagflation, recession, depression, inflation. Just words describing meager situation of the economy.
And Economy is in bad shape for sure.
But Recession is a bad word!
It hurts the Democrats in elections.
I’ve seen (and shared) videos and pics of both Bill Clinton AND Pelosi saying “a recession is two quarters in a row of negative economic growth or GDP” recently.
That’s the definition of a recession that’s been used for over fifty years now.
We’re IN A RECESSION, period, end of sentence. Dems just want to try to change the definition and deny it as it’s gonna crush them even worse in the midterms.
This idiot has been more wrong on every issue than anybody in the world. What a little sniveling punk.
Old joke:
Q: What's the difference between Dick Morris and Paul Krugman?
A: Dick Morris is right once in a blue moon.
Don’t worry. You’ll find another job in about 5 or 6 years.
Not even mentioning state and local taxes and sales taxes.
We’re in a recession transitioning into a depression or worse.
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