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If we have a recession- who will you blame?
Posted on 4/23/25 at 9:31 am
Posted on 4/23/25 at 9:31 am
Let’s define a recession in simplified terms-
2 consecutive quarters with negative growth.
Coming into the election, the economy was a central topic. Some said we were in a recession already.
Trump was adamant that he would bring us a great economy. I watch a lot of CNBC who have guests on mentioning recession.
If we run into a recession (defined above), who gets the blame?
2 consecutive quarters with negative growth.
Coming into the election, the economy was a central topic. Some said we were in a recession already.
Trump was adamant that he would bring us a great economy. I watch a lot of CNBC who have guests on mentioning recession.
If we run into a recession (defined above), who gets the blame?
This post was edited on 4/23/25 at 11:11 am
66
Posted on 4/23/25 at 9:33 am to SlidellCajun
I’d blame the corrupt government of the last 2-3 decades that allowed the country to find itself with so many necessary corrective actions.
Somebody will have to feel the pain. Better us than our kids and grandkids.
Somebody will have to feel the pain. Better us than our kids and grandkids.
This post was edited on 4/23/25 at 9:34 am
Posted on 4/23/25 at 9:34 am to SlidellCajun
The Biden Admin of course
Posted on 4/23/25 at 9:35 am to SlidellCajun
quote:
If we run into a recession (defined above), who gets the blame?
The media will blame Trump. The truth is Congress and every administration (including Trump I) which approved any deficit spending from 2008-present. From the GFC onward, GDP growth has been outpaced by debt growth each year (except for 2015, 2017 and 2021), meaning GDP growth has become completely dependent on the federal government increasing its debt each year.
That's economic smoke-and-mirrors and leads only to an economic collapse once the currency is no longer able to bear the weight of so much debt.
Posted on 4/23/25 at 9:37 am to SlidellCajun
The GOPe, for the last 30 years they have campaigned on cutting the deficit and never tried. Because of that money was printed out of thin air and they turned their back on Main Street.
Posted on 4/23/25 at 9:39 am to SlidellCajun
I think you answered your own question. The economy was already in a recession as it had previously been defined. The markets and other industries were being propped up by unsustainable debt. We have to re-balance the economy and return to pre-Covid spending and debt levels.
Posted on 4/23/25 at 9:41 am to Riverside
Every one of them, except the handful of congressmen who voted "no" on these idiotic budgets.
Yet we keep voting the same old dipshits into office.
Posted on 4/23/25 at 9:42 am to SlidellCajun
quote:
If we have a recession- who will you blame?
Unless you're retiring soon who cares?
It will bounce back
Posted on 4/23/25 at 9:42 am to RogerTheShrubber
quote:
Every one of them, except the handful of congressmen who voted "no" on these idiotic budgets. Yet we keep voting the same old dipshits into office.
Lol defend Congress who has been a part of both terms and controls the purse. Make sure Massie enjoys your blowie, Rog.
Posted on 4/23/25 at 9:42 am to SlidellCajun
quote:
who will you blame?
50+ years of corrupt politics, and specifically the modern left for creating this most recent disaster of an economy.
Posted on 4/23/25 at 9:44 am to SlidellCajun
I would blame every single politician for the last 20 years, because the out of control spending and lack of budgets are the cause.
Most big problems this country has were caused by politicians.
Most big problems this country has were caused by politicians.
Posted on 4/23/25 at 9:44 am to Riverside
a
Deficit by year 2008-Covid
quote:
nd return to pre-Covid spending and debt levels.
Deficit by year 2008-Covid
quote:
2008: $1.6 trillion
2009: $1.8 trillion
2010: $1.3 trillion
2011: $1.5 trillion
2012: $1.4 trillion
2013: $1.6 trillion
2014: $1.7 trillion
2015: $1.8 trillion
2016: $1.9 trillion
2017: $1.9 trillion
2018: $1.9 trillion
2019: $1.9 trillion
2020: $3.1 trillion
2021: $2.8 trillion
Posted on 4/23/25 at 9:46 am to momentoftruth87
quote:
Lol defend Congress
quote:
Every one of them..
You need to find someone to read to you, son. What does "every one of them" mean to you?
This post was edited on 4/23/25 at 9:47 am
Posted on 4/23/25 at 9:47 am to RogerTheShrubber
Panican, you said this
Thanks for trying
quote:
except the handful of congressmen
Thanks for trying
Posted on 4/23/25 at 9:49 am to SlidellCajun
A recession at this juncture is the doorway to our new golden age.
Posted on 4/23/25 at 9:53 am to BlueFalcon
quote:
Unless you're retiring soon who cares?
It will bounce back
Exactly! Quit crying about what the media is feeding you.
BUY THE DIP!
This post was edited on 4/23/25 at 9:54 am
Posted on 4/23/25 at 9:54 am to SlidellCajun
quote:
Let’s define a recession in simplified terms-
2 quarters with negative growth.
Let’s not.
The more and more unnecessary government spending that is uncovered and cut could result in GDP reductions that offset growth.
The federal government has been propping up GDP and markets for quite a while. The Fed Put is real.
Posted on 4/23/25 at 9:54 am to momentoftruth87
quote:
except the handful of congressmen
Correct, like Massey. It was an exclusion you dipshit.
You need to get your kids to read to you, obviously you struggle with English.
Posted on 4/23/25 at 9:56 am to SlidellCajun
Why does anyone have to be blamed for something that is a natural part of the economic cycle?
Posted on 4/23/25 at 9:57 am to RogerTheShrubber
Go read my first reply panican. I even made fun of you by saying Massie. You’re such a dipshit boomer
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