We had a President (Clinton) change the metrics used to calculate the official unemployment rate (with nary a peep from the media), so this shouldn't surprise you at all
Metrics is one thing. Maybe they should have tried to change how GDP is calculated rather than pretending two consecutive quarters of falling GDP is no longer a recession. Honestly, Tinley is right. Anyone that says we're not in a recession should be flagged on social media as spreading conspiracy theories and massive misinformation. Its not even an opinion, its a definition they're lying about. No worries though, I'm sure the fact checkers will decide saying two consecutive quarters of falling GDP isn't a recession is "true."
Recession deniers are funny. They would be the first to cry about a recession during a R admin if there were 2 consecutive quarters of negative GDP growth, but when a D admin has that, they say "it's complicated"
Recession deniers are funny. They would be the first to cry about a recession during a R admin if there were 2 consecutive quarters of negative GDP growth, but when a D admin has that, they say "it's complicated"
Lol. Complicated. Its probably a transitory pre recession. I think that should about cover it.
Metrics is one thing. Maybe they should have tried to change how GDP is calculated rather than pretending two consecutive quarters of falling GDP is no longer a recession. Honestly, Tinley is right. Anyone that says we're not in a recession should be flagged on social media as spreading conspiracy theories and massive misinformation. Its not even an opinion, its a definition they're lying about. No worries though, I'm sure the fact checkers will decide saying two consecutive quarters of falling GDP isn't a recession is "true."
Recession deniers are funny. They would be the first to cry about a recession during a R admin if there were 2 consecutive quarters of negative GDP growth, but when a D admin has that, they say "it's complicated"
Disclaimer: I hate Trump and I would rather die than see Trump get re-elected
Message: Our economy is a toilet
Good news: without Trump and true market economics we will rebound stronger because no other country has great economic priniciples and scale
Metrics is one thing. Maybe they should have tried to change how GDP is calculated rather than pretending two consecutive quarters of falling GDP is no longer a recession. Honestly, Tinley is right. Anyone that says we're not in a recession should be flagged on social media as spreading conspiracy theories and massive misinformation. Its not even an opinion, its a definition they're lying about. No worries though, I'm sure the fact checkers will decide saying two consecutive quarters of falling GDP isn't a recession is "true."
Recession deniers are funny. They would be the first to cry about a recession during a R admin if there were 2 consecutive quarters of negative GDP growth, but when a D admin has that, they say "it's complicated"
Holy shit man. Now the democrats are changing the definition of inflation. Lol, zero inflation. We are no longer going year over year, which is really bad, we are looking at inflation month over month. You really can't make this kind of shit up, literally changing the definition of recession, inflation and whatever else they feel like changing. Economically illiterate party, its insane. And nobody calls him out, wild. Like Orwell said, "In the end the Party would announce that two and two made five, and you would have to believe it."
Democrats demand ‘inmates’ must now be called ‘incarcerated person’
Down is up. Up is down. Recession is growth. Inflation is deflation. Man is women. Women is birthing person. He or her is they/them (this one is wild, does one person become multiple people). Fucking whack jobs.
Recession deniers are funny. They would be the first to cry about a recession during a R admin if there were 2 consecutive quarters of negative GDP growth, but when a D admin has that, they say "it's complicated"
Holy shit man. Now the democrats are changing the definition of inflation. Lol, zero inflation. We are no longer going year over year, which is really bad, we are looking at inflation month over month. You really can't make this kind of shit up, literally changing the definition of recession, inflation and whatever else they feel like changing. Economically illiterate party, its insane. And nobody calls him out, wild. Like Orwell said, "In the end the Party would announce that two and two made five, and you would have to believe it."
Well, this month's inflation wasn't as high as last months inflation. That means there's negative inflation. Right? Lol
Jerome Powell’s Dilemma: What if the Drivers of Inflation Are Here to Stay? Policy makers gathering this week in Jackson Hole are worrying about the emergence of a more volatile world with higher interest rates
Remember when these same policy makers thought inflation was 'transitory' and complete partisan hacks, ate up that load of shit and asked for seconds? Now these same idiots are going on vacation in Wyoming to come up with more 'ideas'. Totally credible policymakers Biden has, they're good at this economy stuff.
Post by EPIC Sir Tinley on Sept 13, 2022 8:18:14 GMT -8
I guess the State propaganda that the economy was just great was a failure to everyone still processing oxygen is experiencing isn't successful so the new gaslight....
Post by EPIC Sir Tinley on Sept 13, 2022 8:43:50 GMT -8
Over 1,300 New York Times employees pledge not to return to office
The New York Times expects employees to start returning to the office three days a week starting this week — but more than 1,300 journalists are saying hell no, they won’t go.
It’s just the latest blow in the increasingly bitter contract dispute between the News Guild journalists union — which includes reporters and photographers, as well as some editors and business-side employees — and upper management, over wages.
As of Monday, 1,316 Times workers had signed a pledge not to return to the office. This includes 879 members of the News Guild, but also members of the Times Tech Guild and the union for Wirecutter, the paper’s product-recommendation spinoff.
“People are livid,” Tom Coffey told The Post. A 25-year veteran editor at NYT, he works on the news desk and serves on the union’s Contract Action Committee.
He added that being forced to return to the office during a period of high inflation means workers will have to spend more money on gas, mass transit, clothing and lunches, despite the lack of salary increase.
NYT video journalist Haley Willis tweeted today: “The @nytimes is giving employees branded lunch boxes this week as a return-to-office perk. We want respect and a fair contract instead — so I’m working from home this week along with 1,300 of my @nytimesguild and @nytguildtech colleagues, with support from @wirecutterunion.”
One source said that the branded NYT lunch boxes did not have any sandwiches or other lunch food inside. “They were empty,” said one source. “And the lunch box had no handles.”
Over 1,300 New York Times employees pledge not to return to office
The New York Times expects employees to start returning to the office three days a week starting this week — but more than 1,300 journalists are saying hell no, they won’t go.
It’s just the latest blow in the increasingly bitter contract dispute between the News Guild journalists union — which includes reporters and photographers, as well as some editors and business-side employees — and upper management, over wages.
As of Monday, 1,316 Times workers had signed a pledge not to return to the office. This includes 879 members of the News Guild, but also members of the Times Tech Guild and the union for Wirecutter, the paper’s product-recommendation spinoff.
“People are livid,” Tom Coffey told The Post. A 25-year veteran editor at NYT, he works on the news desk and serves on the union’s Contract Action Committee.
He added that being forced to return to the office during a period of high inflation means workers will have to spend more money on gas, mass transit, clothing and lunches, despite the lack of salary increase.
NYT video journalist Haley Willis tweeted today: “The @nytimes is giving employees branded lunch boxes this week as a return-to-office perk. We want respect and a fair contract instead — so I’m working from home this week along with 1,300 of my @nytimesguild and @nytguildtech colleagues, with support from @wirecutterunion.”
One source said that the branded NYT lunch boxes did not have any sandwiches or other lunch food inside. “They were empty,” said one source. “And the lunch box had no handles.”
Post by EPIC Sir Tinley on Sept 14, 2022 5:22:05 GMT -8
Democrats Propose Another Inflation Reduction Act To Combat Inflation Created By First Inflation Reduction Act
WASHINGTON, D.C. — With inflation and consumer prices continuing to skyrocket, Democrats in Congress have proposed a brand new Inflation Reduction Act to combat the inflation brought about by the first Inflation Reduction Act.
"We are so proud of what we accomplished with the Inflation Reduction Act, but now it's time to address the runaway inflation that came about due to its passage," said Senator Chuck Schumer on the steps of the Capitol this morning. "This new bill, which we've entitled the 'Inflation From The Inflation Reduction Act Reduction Act', will solve the inflation problem. You're welcome, America!"
The gathered press reportedly threw their press badges in the air and cheered the heroism of the noble Democrat Congresspeople.
The Inflation From The Inflation Reduction Act Reduction Act will spend an additional $3 trillion, which is expected to keep the economy from collapsing until after the 2022 midterms. Sources say a third of the funds will go to Ukraine, with the rest going to solar panels in China, Congressional pay raises, and 92 million new heavily armed IRS agents.
At publishing time, Democrats are already looking to next year by drafting the Inflation From The Inflation From The Inflation Reduction Act Reduction Act Reduction Act.
Democrats Propose Another Inflation Reduction Act To Combat Inflation Created By First Inflation Reduction Act
WASHINGTON, D.C. — With inflation and consumer prices continuing to skyrocket, Democrats in Congress have proposed a brand new Inflation Reduction Act to combat the inflation brought about by the first Inflation Reduction Act.
"We are so proud of what we accomplished with the Inflation Reduction Act, but now it's time to address the runaway inflation that came about due to its passage," said Senator Chuck Schumer on the steps of the Capitol this morning. "This new bill, which we've entitled the 'Inflation From The Inflation Reduction Act Reduction Act', will solve the inflation problem. You're welcome, America!"
The gathered press reportedly threw their press badges in the air and cheered the heroism of the noble Democrat Congresspeople.
The Inflation From The Inflation Reduction Act Reduction Act will spend an additional $3 trillion, which is expected to keep the economy from collapsing until after the 2022 midterms. Sources say a third of the funds will go to Ukraine, with the rest going to solar panels in China, Congressional pay raises, and 92 million new heavily armed IRS agents.
At publishing time, Democrats are already looking to next year by drafting the Inflation From The Inflation From The Inflation Reduction Act Reduction Act Reduction Act.
Post by EPIC Sir Tinley on Sept 24, 2022 7:04:19 GMT -8
Americans have lost $4.2K in income under Biden, study says
The average American has lost $4,200 in annual income since President Biden took office — entirely wiping out gains made under the Trump administration, an analysis from the Heritage Foundation shows.
The losses come down to surging inflation and higher interest rates, experts at the conservative think tank said in a Thursday report.
Their analysis found that the average American has lost about $3,000 in annual purchasing power because consumer prices, which have risen 12.7% since January 2021, have spiked significantly faster than wages.
Wages have risen just 8% over the same period, which has effectively resulted in a pay cut for Americans struggling to pay for daily necessities including food, gas and rent.
Higher interest rates and borrowing costs have also reduced the average person’s purchasing power by another $1,200, according to the report.
“Simply put, working Americans are $4,200 poorer today than when Biden took office,” said EJ Antoni, a research fellow in regional economics with the Heritage Foundation’s Center for Data Analysis.
“This financial catastrophe for American families is the direct result of a president and Congress addicted to spending our money, combined with a Federal Reserve compliantly enabling this addiction by printing more dollars.”
Under the Trump administration, Heritage said the average American’s annual earnings had increased by $4,000.