Of course there was technically a recession under Trump. The point is just that no sane person blames him for it because the economy was booming under his watch right until an unprecedented global health crisis forced the global economy to a screeching halt - one which resulted from political decisions which were made for public health, rather than economic, reasons.



Biden's recession does not enjoy any of these excuses. Inflation was running away as a combination of disrupted supply chains (an inherently economic factor), government overspending (a failure of economic or fiscal policy) and pent up demand from the era of covid lockdowns and restrictions (which Biden and his party had championed). Then, the country was thrust into recession as a result of the global energy crunch, to which Biden's policies have greatly contributed. It was under his leadership that the Western alliance put a strong focus in its response to Russia's war in Ukraine on self-damaging economic sanctions whereas the delivery of arms was sluggish and small in scope. Moreover, Biden's antagonistic stance toward the fossil industry has weakened and delayed the recovery of the American fracking industry after its bust during covid, which has exacerbated our energy dependence on Russia and Opec.

forced recessions are not okay, but recessions due to poor leadership are fine according to that disturbing user


that user has some sort of malady. there is a recession today and he’s screaming about forced economic shutdowns and lockdowns he religiously supported 2 years ago

The economy isn't bad NOW though. People are just being pussies. If we can survive the horrible economy under Obama, we can EASILY survive this.

Of course we can survive this.

The point is not that this is existential to the extent that there'll be masses of people starving on the streets - the point is that many people don't want to suffer such a loss in wealth/purchasing power, and that they don't think it was inevitable that we would have to go through such a phase. There's plenty of arguments to be made that the current inflation and energy woes are the result of bad political decisions and miscalculations - hence, it is perfectly viable for voters to blame political leadership for it.

You might be privileged and wealthy enough to just tank a ~25% loss of purchasing power over a span of 3 years without batting an eye, but many others feel the sting.

This post was edited by Black XistenZ on Jul 29 2022 10:01am

yea just to add to this its all about the ability of people to take the hit. i.e. for rich people, its a sting but for people living on the breadline its all about the ability, or loss of ability, to hold their head / their family, above water. i.e. the poorest people or those on low - middle wages are the ones that will suffer, and this would have a cascading effect through society noting the services they provide (or not longer provide) will have a ripple effect, thus effecting everyone in some shape or form.

anyway, carry on!

This post was edited by ferdia on Jul 29 2022 10:22am

It's not about surviving, it's about EASILY surviving. Maybe you're too young to remember, but things were HORRIBLE under Obama. People lost their ENTIRE net worth given that most people had wealth in their homes. Unemployment was sky high (and for the neanderthals in the room, it's better to lose 10% of your purchasing power as opposed to 50%+ which is what it is when you're on unemployment). We had to keep interest rates artificially low for YEARS just to bring things back to normal. Given the current circumstances, raising interest rates and having a mild recession is ideal. As I've said in the past, the only thing that bums me out is that we're not raising taxes on the poor/lower middle class to levels that we had under the Clinton administration.

As for losing purchasing power, people have no one to blame but themselves. They've fought tooth and nail to keep things the way they are despite the world around them changing substantially. Imagine thinking that you deserve $25 per hour to pick strawberries when an illegal immigrant can do it for $5. Imagine thinking that you deserve $35/hour to dig ditches when someone can just bring in an excavator. Imagine thinking you deserve $20 an hour to copy handwritten numbers into an Excel file when there is software that can do it automatically. These people have RESISTED the changes around them and have the audacity to think that they deserve everything handed to them on a silver platter. It's pathetic and instead of learning new skills, they are going to blame the rest of the world.

You're not wrong that people are going blame the current administration for their misfortune. That's the nature of politics and the Democrats haven't done a good job selling their stuff. That makes them bad politicians. This is why the GOP will almost certainly win the House. This is what they will get: more complaining about the economic situation with no solutions, Hunter Biden investigations, attempts at restricting abortions at the national level, going after trans-people, investigating the Jan 6 committee, etc. The GOP has been very clear about their priorities so we shouldn't be surprised.

And how will that help the "working class? It won't and the GOP has no intention of helping these people because they don't DESERVE to be helped. The reality is that the only value that these people have is through their voting power and nothing more.

I wonder what percent of my graduating college class is even working jobs in their field let alone jobs that require a degree. just from my class alone we're talking millions in accumulated debt just so that something like 50% i'd guess can work a job in the field they paid for a degree in. costs of college have been artificially inflated, but the meteoric rise in demand as college went from a finishing school for professionals to a bullshit right of passage based on 1990s comedy movies allowed a lot of the inflated prices. schools scrambled to build housing and classrooms for this massive influx of not just pottery majors but also directionless business majors who would take degrees into fields that previously didnt require them. a large part of the pay raise push comes from ridiculously accumulated debt because people thought the only way to get drunk and laid in your 20s was to pay 25k to a state school.

https://nypost.com/2022/07/27/hunter-bidens-biz-partner-called-joe-biden-the-big-guy-in-panic-over-laptop/

Text messages sent to and from Hunter Biden now prove beyond any reasonable doubt that "The Big Guy" was being used as a euphemism whenever they were discussing Joe Biden. Which of course, was blatantly obvious
But there's no way he can hide behind denials of it anymore, and indeed they revealed it when sending texts about the fact that Joe Biden was involved in Hunter's business dealings and how to cover it up;



The same "Big guy" listed as taking a 10% stake in the bribes being paid out by that corrupt Chinese businessman who got disappeared by the chicoms when his story came to light.
20 for hunter biden, 10 for jim biden, 10 for joe biden, the rest to the other non-family partners like james gilliar.

biden worked while sick means hes a whyte supremacist
Yale Med School Professor Blames White Supremacy for Biden Working While Sick
https://radio.foxnews.com/2022/07/26/yale-med-school-professor-blames-white-supremacy-for-biden-working-while-sick/

https://www.yahoo.com/news/biden-tests-positive-covid-19-185019908.html
WASHINGTON (AP) — President Joe Biden tested positive for COVID-19 again Saturday, slightly more than three days after he was cleared to exit coronavirus isolation, the White House said, in a rare case of “rebound” following treatment with an anti-viral drug.

get well soon