We know…we all sadly knew it all along.
Wait… I thought Trump was going to have inflation and grocery prices fixed on day 1
I know it’s been said, but it bears repeating, for the willfully ignorant in the back
He said he was being sarcastic.
That was about the Ukrainian peace deal.
Sorry, I’m having trouble keeping track.
Honestly, that’s kind of the point. Shovel 20 horrific things into the pipe, you notice one, 19 horrific things slide past.
We’ve been in a recession. The word you’re looking for now is depression.
Not really, maybe a blip of something in 2021-2022, but generally the US economy as a whole has been doing alright - Real GDP. Individual people though have been getting beaten up recently, but boy is that about to get worse.
the fantasy bullshit metrics that function as a half-lottery between the ultra wealthy, those have been doing fine
but nobody can afford rent eggs are 2$ each and nobody’s had a raise in years, so the way we distribute our resources WAS fine, but the lottery got weeird, so now our stuff is gonna get even more exploitative
read that back to yourself, dear.
I don’t disagree. My point was that we weren’t in a recession. Things may have been bad for many people, but that was when the “economy” was doing well.
Current indications are that the “economy” is heading for a downturn. If things were already rough for people, it certainly isn’t going to get better if that happens.
why not? it’s nonsense. it going up is never good. seems like it going down would just be an excuse too.
That’s a fair criticism, if things can get worse for people when we aren’t in a recession, then why would we care about recessions.
The truth is that a recession is just one metric that we use to track the economy. However, the economy is a big complex system and things like recession are there to track a global state, and aren’t refined enough to track things like inequality.
One failing in recent times for economic data is around “full employment vs part time employment” and other things like “is this person making a livable wage”. The hard thing with a lot of inequality or livable wage discussions is they are inherently political and not something that is as easy to track/detail/communicate/etc. vs numbers like GDP.
So, yes having better numbers would be great, but most likely this admin will fudge and hide numbers making things even more difficult to track (both now and in the future). Additionally while people are hurting now, during a recession even more people will be hurting (and most likely hurting worse than they are now).
“economic”
so, the economy is just who’s doing what work, who’s getting what reward for it, and how we decide which work gets done.
and it doesn’t seem like the stock market and GDP and all that nonsense is ever anything but an excuse for that. it’s just the casino rich people play at.
They are already doing it. Look at the illegal immigration numbers, which they released with no documentation for either Biden’s ludicrously high numbers to Hitlerapig’s ludicrously low numbers.
HitlerPig wouldn’t release a single number for anything without sweetening it in his favor.
Everything from this administration should be assumed to be a blatant lie.
Welp…
If you don’t test for recession, there can’t be any recession, right…???
🙄 🙄 🤡 🤡
If you didn’t catch me cheating I didn’t cheat.
Ah, taking the Russian approach, I see
Yep:
“Reduced transparency in official statistics is perhaps the most troubling aspect of disbanding FESAC,” wrote Claudia Sahm, a former Federal Reserve economist, at Bloomberg on March 11. “Cutting off agency staff from external advisers creates an environment where political interference could occur much more easily—and go undetected. With political officials such as Lutnick arguing publicly that GDP should exclude government spending, it is especially important to have external, independent experts.”
Oh yes, most definitely.
Of course
I guess he will hang up curtains in the market aisles, so that people don’t know that they are bare at a glance.
Do they think we won’t realize it when people can’t get a job, and prices are going sky high?
They do. Because they already got away with making the US fail to realize a whole bunch. About project 2025. About Trump. School shootings. Class solidarity. Etc. The US is pliable because 50% of the country just needs someone on Fox to tell them how okay it is for them to get fucked, and they’ll just let it happen.
Problem is, there are clear limits on how far this can be pushed. And these idiots are just about to discover what those limits are. But they are without question idiots, and certainly stupid enough to not see how this is going to effect them.
When people can’t to feed themselves, that’s when the riots will start. I’m not looking forward to it, but it looks like they’re going for a complete system breakdown.
I’m not so sure. Republicans do have a persecution fetish, but that’s specifically tuned not to apply to Republican leaders. Instead, the anger will be pointed at minorities. Many will take the bait because it’s what they do as a bloc every single time.
Nah, a few days without food and people will storm the White house. There isnt a country in the world that will literally starve to death.
It’ll turn nasty long before then, when they’re told (again) that it’s all the fault of those ‘immigunts’ who are taking their jobs and eating their food.
Once that bloodbath starts, few of those involved will think to change target, and most of those who aren’t will be hunkering down, waiting for it to blow over.
I agree with others below that the GOP is at the limit of what they can get their followers to believe in once they can’t eat. Most are already suffering, and expect a quick turn around. Instead, we’re about to get Great Depression 2: Trumps BS Boogaloo. The violence that follows will overwhelmingly be directed at those that control every branch of the government with an iron grip and failed to make anything better despite it. Historically, this has always been the course of events.
Instead, the anger will be pointed at minorities.
For a time. How long until “Democrats” are the ones that are taking their jobs and food.
And I don’t mean the politicians.
But they are without question idiots
That’s what I’ve been saying all along.
Controlling information has always, and will continue to work.
you and many educate dpeople would know. its to keep thier supporters stupid and ignorant.
It will be the egg situation on a larger scale. They will use the same lies, or at least the same style of lying and twisting the truth.
Housing market crash when?
Probably never. Land is a very finite resource violently controlled by a smaller and smaller group of people. There’s no reason for them to dump their holdings. People literally need land to survive. It’s the ultimate and original capitalist cash cow. It’s a fundamental pyramid scheme on human needs along with food, water, air, etc. That’s a very solid foundation in a fascist police state.
when even weathier than average citizens can’t afford it, then billionaires can buy up everything for chump change and squeeze that money back out of the populace with absurd rent that nobody will even try to undercut. especially now that anyone with one or more brain cell knows this whole idea of ‘checks and balances’ only applies to the poor
And once people have nothing left to lose and their families are starving they drag the rich into the streets and beat them to death with asphalt torn from the roads. History has repeated this scenario over and over again.
As of 2023 there are 735 billionaires in the US, and 340,000,000 non-billionaires.
Why hasn’t this happened in Russia?
Part history, part cultural differences. It would take quite the write-up to get into those two in relation to Russia, but that’s the short answer.
Memory of conditions following the collapse of the USSR? For the most part conditions are still way better than they were 30 years ago in Russia, but who knows if they keep sliding back
Just do what Biden did and redefine what a recession is to make it look less gloomy
It’s odd that people here mock voters for “pRiCe oF EgGs” but don’t realize that it was shorthand for the economy being shit for the vast majority of Americans. Obviously Trump isn’t better for the economy, but there were fundamental problems like the high cost of living that people were desperate to get out of and desperate people do desperate things which can be seen as stupid.
Our economy has been an inflatable castle patched with band-aids all over, especially since 2008, but the foundations for this setup was laid down decades before that. Touting higher consumer spending numbers (because people have to pay more for everything), lower unemployment (because people are kicked off unemployment and have to work shitty gig work), or the dumb stock market (which has been pumped with massive money printing) is as dishonest as outright hiding numbers.
But Harris told me the economy was doing great as my family had to balance eating food, paying rent, and getting my dad’s medical bills for having a stroke. She’d never lie!
Do what you do and redefine reality to fit your propaganda model.
Well, actually it was Obama that redefined recession. Biden redefined unemployment.
This is like pointing out grammatical errors in the Titanic’s breakfast menu.
Wrong. A 2 second search proves you wrong.
I responded to the wrong comment, here: https://lemmy.dbzer0.com/comment/17519954
Don’t know why you’re getting down voted. This is EXACTLY what Biden did.
Just shows people cannot handle the truth so they down vote instead. Smh.
That’s the BlueMAGA cult mindset
I posted elsewhere, but I think the real issue is that it really didn’t look like a recession. While technically it was a recession by the two negative quarters definition, if you look at real GDP it’s barely a blip.
I suspect at the time the concern was that calling it a recession would have impacted the recovery. Not that I think that’s a good excuse, but they werent hiding the data. With Trump, he’s trying to hide the downturn rather than trying to rally the recovery.
Calling out Biden here is a very “both sides” centrist kinda mindset.
The circled area is the blip that your source is referring to. The giant drop before it is from during Trump’s first term. Everyone thought we were going to hit a recessesion that would be a big issue. As you can see it was fixed extremely quickly. The wall street journal leans right and was using it as propaganda to promote Republican efforts.
Thanks for adding the additional context!
What’s funny is the covid drop isn’t even that bad either compared to some other recession. So the 2022 blip is really inconsequential.
Yeah really our productivity in those terms just dropped to 2016 levels.
Now if you compare to Argentina’s struggles. People can see why there were so many people trying to get out of there. They weren’t criminals being sent out of their prisons, they were people fleeing a giant recession that left them starving.
It’s Blue MAGA who will ignore anything critical of Dear Leader. Calling out their hypocrisy gets you downvoted and banned.
