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 ...
applied here, it was a rhetorical question
...
Well then, if it doesn’t matter if we are or are not experiencing a recession, why not TELL THE TRUTH!?!
Ooh, “real” experts. Ooh.
Until BeijingBiden ordered you to sing a different tune you were saying that this sort of mess was a recession.
What a tool.
You are more charitable than I.
Exactly. The swamp creatures have plenty of money. 7 dollar a gallon diesel doesn’t effect them one bit. John Kerry has his aviation fuels paid for by the taxpayers. What’s it matter the president is a child sexual predator? What’s it matter that over 10% of the population is illegally here. What’s it matter over half the population is on the government teet? Let the good times roll,
Let’s just pass the Peach Act,,,, from now on, no matter how horrible the economy is. The press can only say things are frigging Peachy😘…
:)
There’s always a large swath of the population that needs a beatdown in order to understand the error of their ways.
Economic beatdowns are pretty painful.
We’re in a recession transitioning into a depression or worse.
````````````````````````````````````````````
President R.R., “A recession is when your neighbor loses his job, A depression is when you lose yours.”
Paul Krugman is known for having predicted 25 of the last 5 recessions, but yet he missed this one?
Why is this guy considered an ‘expert’?
Didn’t Krugman claim that electing Trump was going to put the US into a depression ?? Would that have been a technical depression or a rhetorical depression.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.