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re: If we have a recession- who will you blame?

Posted on 4/23/25 at 8:00 pm to
Posted by Riverside
Member since Jul 2022
5113 posts
Posted on 4/23/25 at 8:00 pm to
quote:

Because the last recession was in 2022


Tell us when this recession ended, then. I need the month and year.
Posted by SlidellCajun
Slidell la
Member since May 2019
13502 posts
Posted on 4/23/25 at 8:03 pm to
quote:

you believe those numbers, then I have oceanfront property on Plank Road to show you.


Bring something to the table.

Show us info that contradicts.
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
36285 posts
Posted on 4/23/25 at 8:19 pm to
quote:

The past four years the past four years the past four years dude try the last 100.
True. I'm 46 and in my life watching our government function has been akin to watching actual retards have an absurdly competitive water balloon fight, where everyone wildly misses, before going out for ice cream together afterwards.
This post was edited on 4/23/25 at 8:21 pm
Posted by Riverside
Member since Jul 2022
5113 posts
Posted on 4/23/25 at 8:23 pm to
The jobs and GDP numbers out of the WH the last year of Biden’s term were all revised downward after initial reporting. GDP in Q4 2024 was down to 2.4%. Exports and capital investments were all in the red, ie negative numbers. Government consumption accounted for 3.1%.

See for yourself.

LINK

This was not a fundamentally sound economy that Trump inherited.


Posted by VOR
Member since Apr 2009
65526 posts
Posted on 4/23/25 at 8:29 pm to
IAnything to avoid blaming Trump’s recklessness and hubris, right? This chaos was completely unnecessary…
Posted by Stonehenge
Wakulla Springs
Member since Dec 2014
1726 posts
Posted on 4/23/25 at 9:10 pm to
Elon
Posted by scottydoesntknow
Member since Nov 2023
7282 posts
Posted on 4/23/25 at 9:14 pm to
quote:

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


If we 2 trillion dollar deficits for 15 years straight, we can do 2 trillion dollar surpluses for that long
Posted by TigerSooner
Member since Nov 2023
2981 posts
Posted on 4/23/25 at 9:38 pm to
The Demon Party of course.
Posted by MizzouBS
Missouri
Member since Dec 2014
6402 posts
Posted on 4/23/25 at 10:33 pm to
quote:

50+ years of corrupt politics, and specifically the modern left for creating this most recent disaster of an economy.

It started with Kissinger’s secret trip in 1971 and Nixon’s trip to China 1972. Those trips are what started us opening up trade with China. Then in 2001 Bush signing the Permanent Normal Trade Relations making them a full trade partner with low tariffs. Then later in 2001 we allowed China to join WHO. Congress should not have passed a permanent status act.

After China and the Soviet Union had disagreements about ideology and politics their trade slowed. Nixon probably thought it would hurt the Soviet Union if we became China’s #1 trading partner.
This post was edited on 4/23/25 at 10:37 pm
Posted by RohanGonzales
Member since Apr 2024
4614 posts
Posted on 4/23/25 at 11:55 pm to
I keep seeing stories about democrat-controlled state and local governments having SEVERE budget crises (MD, WA, CA, CT, etc, just off the top of my head).

How about saving some blame for all those idiots who bankrupted their governments to pay for illegals just so they'd have more names for ballots to stuff?
Posted by ChineseBandit58
Pearland, TX
Member since Aug 2005
45958 posts
Posted on 4/24/25 at 12:18 am to
Certainly the Biden administration (not Biden himself because he was a vegetable) would be the most relevant culprit. They have no excuse whatsoever, and a good case could be made that they did it intentionally - their end goal could be more easily realized with a devastated economic situation = always makes it easier for a totalitarian to take control.

Trump and Reagan are the only ones in half a century who have given a shite about economic sustainability.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19180 posts
Posted on 4/24/25 at 7:24 am to
The central bank and both parties.
Posted by eddieray
Lafayette
Member since Mar 2006
18632 posts
Posted on 4/24/25 at 7:40 am to
There’s only one answer to this question. I don’t think anyone’s gotten it yet
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
17231 posts
Posted on 4/24/25 at 8:10 am to
quote:

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?
Congress.

If we are in a recession, or enter one in future it is a direct result (with several contributing factors that can be blamed on consecutive Presidents) of deficit spending snowballing through inflation. I say it is a direct result because we are now a 70% based consumer (vs. mfg) economy.
Posted by SlidellCajun
Slidell la
Member since May 2019
13502 posts
Posted on 4/24/25 at 8:54 am to
There’s no evidence that we have been in a recession since 2022. Ie- trump did not inherit a recession

Posted by Da #1 Stunna
985
Member since Oct 2012
1419 posts
Posted on 4/24/25 at 1:10 pm to
Biden and the Democrats.

They flooded the economy with ridiculous amounts of printed money to create the inflationary environment while they lied that it was "transitory". Then upon losing, they were "throwing gold bars off the Titanic" as they said. Just doing anything they could to bankrupt the country.
This was blatant corruption and lies.
Posted by SlidellCajun
Slidell la
Member since May 2019
13502 posts
Posted on 4/24/25 at 3:16 pm to
quote:

GDP in Q4 2024 was down to 2.4%. Exports and capital investments were all in the red, ie negative numbers. Government consumption accounted for 3.1%.


Not recession numbers
Posted by SlidellCajun
Slidell la
Member since May 2019
13502 posts
Posted on 4/24/25 at 7:33 pm to
It was over June 2022
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