Posted on 10/02/2023 7:32:48 AM PDT by JV3MRC
For all the over-the-top media bluster over how hunky-dory President Joe Biden’s decrepit economy supposedly is, Bloomberg News decided to red-pill itself: The prospect of a recession still threatens America.
“Why a US Recession Is Still Likely — and Coming Soon,” read Bloomberg News’s Oct. 1 headline. The bottom line, reported the liberal outlet, is that “history, and data, suggest the consensus has gotten a little too complacent — just as it did before every US downturn of the past four decades.” Bloomberg News ripped the recycled propaganda that somehow the U.S. was poised for a “soft-landing” from its tumultuous inflation crisis spurred on by Biden’s allergic-to-austerity spending policies. In fact, Bloomberg News said in a sub-headline, “Soft Landing Calls Always Precede Recessions.” One reason the outlet analyzed why economists (and media talking heads for that matter) fail to anticipate recessions is because they treat it as a “linear process,” the outlet claimed. “But recessions are non-linear events. The human mind isn’t good at thinking about them.” No kidding, eh Jim Cramer?
However, the situation could already be worse than Bloomberg News let on. Business Insider-dubbed “legendary economist” Gary Shilling is already on the record as of Sept. 16 suggesting that the U.S. could be already in the midst of a recession. “‘It's probably starting now, maybe it's already started,’” Shilling told Insider.
(Excerpt) Read more at newsbusters.org ...
The recession has already arrived for many.
The economy is self healing. All that is needed is the Rich Men North of Richmond to keep their grubby fingers out of the pot. Taught by Walter E. Williams & Thomas Sowell. Proven by Warren Harden/Calvin Coolidge & Ronald Reagan.
Maybe the patriot men south of Richmond need to secede.
This train passed recession a while ago. Next stop depression.
If Trump was president and the economy was the same (it wouldn’t be) they would be calling the current economy the trump depression.
Then wwiii. History does not repeat but it does rhyme.
BTTT
They just don’t want to admit it because it will make Biden and the democrats look bad.
“Maybe the patriot men south of Richmond need to secede.”
Oh yeah, that worked out so well in 1861.
Today's blue staters dont have the guts to fight. They will gladly let the red states go peacefully.
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