re: US officially enters recession - GDP contracted by 0.9% in Q2.

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Outsourcing has primarily profited the 1% and hollowed-out the middle-class.

Killed small towns where I came from. They turned from places where you could make a decent living and raise a family to hollowed out areas with nothing but crime and drugs.

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And in the worldwide economic/geopolitical framework, outsourcing has essentially transferred a large part of our middle class(manufacturing) to China, our largest geopolitical rival(see: enemy).

Who is in charge and why?

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a com­mon de­f­i­n­i­tion of re­ces­sion

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It's so common that the last 10 times that we've had 2 consecutive quarters of negative growth all 10 have been declared a recession.

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It was 90+% of the population, with about 99% of this “overly conservative” board. People will act like they never supported the destructive policy because they are embarrassed now, but a vast majority of this website was fully on the shutdown and stimulus check support train.

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I tried to tell them scruffy. I got destroyed in the OG Covid thread saying how bad shutdowns would be.

maybe we'll get another banger from Jeezy?

2008:

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I tried to tell them scruffy. I got destroyed in the OG Covid thread saying how bad shutdowns would be.

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Scruffy was right there with you.

They will scream to high heaven from the right about it being Biden’s fault, and from the left about it being Trump’s fault, but the only people at fault are the 90+% of Americans (and 99% of this board) who supported those policies.

“Truth be told, if you're looking for the guilty, you need only look into a mirror.”

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I got destroyed in the OG Covid thread saying how bad shutdowns would be.

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Well, we now know that the branch covidians are retarded, so, at least that's a positive that came out of that time period.

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Stagflation is when inflation matches economic growth, resulting in no real gain.

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In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

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People will act like they never supported the destructive policy because they are embarrassed now, but a vast majority of this website was fully on the shutdown and stimulus check support train.

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Scruffy is right. Blanket "stimilus checks" should have never happened. Once, after the first "Two weeks to flatten the curve" failed to produce any real positive results, everything should have been open for business. Instead, we doubled and tripled down on stupid.

Add in the billions and billions of dollars of "CARES" money that was pumped to states, much of which ended up being used as more rounds of "stimulus" to local government employees impacted very little, if at all, by the shutdown instead of being used for anything benefiting the states, cities, or counties the money was supposed to help. It was all a poorly managed "kid in the candy store", half-baked scheme designed to kick the fricking can down the road. Well, here we are now with nowhere left to kick the can.

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The COVID lockdowns issued by Trump and Fauci with the subsequent COVID bailouts was the largest transfer of wealth in my lifetime. Small businesses were deemed 'unessential' while the big box stores were allowed to remain open. All that bailout money was spent at Target, WalMart, Amazon, Home Depot, etc who then sent that money to China to buy more shite.

It was like watching a train wreck in slow motion and having 70+ percent of the population cheering it on like the Salem Witch trials.

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Too many people with their favorite politician's musk scented dildo rammed up their arse to see that both parties royally screwed up the Covid response. I blame the administration that opened the door to this shite more, however.

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maybe we'll get another banger from Jeezy?

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My President has dementia, my lambo got repoed?