The PLANNED Biden/democrat/RINO recession is here – OFFICIALLY, no matter what lies the corrupt piece of shit anti-American democrats, or their lapdogs in the fake news, try and tell you.
I’m really glad that Martha MacCallum kept talking to make her points in the video above, as fake illegitimate “president” Biden’s senior liar, Gene Sperling, tried talking over her with more lies to try and coverup old lies. What a total douchebag!
THE DEFINITION OF “RECESSION” THAT THE DEMOCRATS KEEP CITING IS THEIR NEW FAKE DEFINITION, NOT THE REAL DEFINITION.
“After 18 months, we know what President Biden stands for. If you don’t know by now, you are as thick as a brick. He believes in bigger government, higher taxes, more spending, more debt, more regulation, open borders, a weaker military and turning cops into social workers. And those policies have hurt the American people deeply. But in no respect, none, has President Biden hurt the American people more than in their pocketbooks, and I’m talking about inflation. Inflation, which is a direct result of the president’s policies, is a cancer on the American Dream. And it is rampant. It is unrestrained.” – Sen. John Kennedy
In fact the democrats and the corrupt media that supports them are secretly changing the definition of the term “recession” to hide the fact that the democrats took the United States from total prosperity to total shithole in under 2 years. The democrat lackeys in the fake media are also replacing the definition of the term “recession” on their websites, so when the American People go and do searches for the truth, they find the democrat’s lies instead.
We are definitely already in the pre-planned Biden-Recession, which the democrat criminals will gladly guide into the next depression – though the democrat criminals that seized power of our government in 2020 are already working on changing the term “Depression” to mean something completely different.
This recession is not an accident. The democrat criminals are actively tanking the American economy, while putting $ trillions of our money straight into their pockets.
It’s official: we’re in a recession. The U.S. economy shrank by 0.9% in the second quarter, according to figures released Thursday by the Bureau of Economic Analysis. This follows the -1.6% contraction in quarter one. Now is precisely not the time to ram through Senate Democrats’ Green New Deal slush fund and tax hikes that will further harm our weakened supply chain.
Now is not the time for indebting future generations through bipartisan microchip corporate welfare giveaways that distort the market and favor a few, well-connected firms (including one where House Speaker Nancy Pelosi’s husband has been a major investor).
President Joe Biden lied and told us “We’re not gonna be in a recession.” We’re there. Meanwhile, Biden’s Securities and Exchange Commission Chairman Gary Gensler is working his hardest — and refusing to answer questions — to plunge us even further through new onerous climate regulations that will reduce competition and hurt consumers.
On Tuesday, America saw another drop in consumer confidence numbers, a measure which has now fallen for three consecutive months. June’s report showed the Consumer Confidence Index at its lowest level since February 2021 — now it’s fallen even further.
And the consumer Expectations Index — “consumers’ short-term outlook for income, business and labor market conditions,” as measured by the Conference Board last month hit its lowest level since 2013. It fell even further in July.
American Enterprise Institute (AEI) scholar Desmond Lachman also notes “the approximate doubling in mortgage rates since the start of the year has reduced housing affordability to its lowest level in the past 30 years. That has caused a major slump in mortgage demand.”
Biden’s Treasury Secretary Janet Yellen tried to gaslight the American people, we know better. Sunday on “Meet the Press” Yellen claimed, “I would be amazed if the NBER [the National Bureau of Economic Research] would declare this period to be a recession, even if it happens to have two quarters of negative growth. We’ve got a very strong labor market. When you’re creating almost 400,000 jobs a month, that is not a recession.”
Out-of-touch Yellen wants the American people to sit and be lectured to by a government bureaucracy like NBER about technical definitions while they suffer under shrinking paychecks due to inflation’s ravages. Yellen and her colleagues ignore that there are more than three million fewer Americans working today than before the pandemic (The Wall Street Journal’s Peggy Noonan notes “3.25 million Americans have left the workforce — labor-force participation among Americans 16 and older is 62.2%, down from 63.4% in February 2020.”) and that inflation has wiped out pay raises for millions of Americans.
Meanwhile, the Federal Reserve led by Biden-renominated Jay Powell will likely plunge us further into recession with steep rate hikes.
Under Powell’s watch, banks will win and everyday people lose, as AEI economists Paul H. Kupiec and Alex J. Pollock report: “For the first time in its 108-year history, the Federal Reserve System faces massive and growing mark-to-market losses and is projected to post large operating losses in the near future … Because they are now paid interest on their reserve balances and receive guaranteed dividends on their Federal Reserve stock, member banks will monetarily benefit from the Fed’s policy to fight inflation while the public bears Federal Reserve system losses. Meanwhile, the public at large will also face the costs of higher interest rates, reduced growth and employment and losses in their investment and retirement account balances.”
Biden promised America he would afflict the comfortable and comfort the afflicted. He and Congress are doing the opposite.
Stand Up To Government Corruption and Hypocrisy – usbacklash.org