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Saturday, July 30, 2022

Officially in a recession

Forwarded:

It's hard enough to work with someone on something when dealing with the same set of facts, let alone when you're told your observations are "wrong" because the other party keeps changing the definition of what is "right."

Lately, White House officials have done their best to say we're not in a recession, even though the economy is slowing. And we were told this week that it's not a recession even if negative GDP happens for two straight quarters.

They can't fool us, though. If it's not a recession, then what is it?

First, it's a joke... Even semi-retired comedians like Conan O'Brien have taken notice...

Maybe I'm still too much of an optimist, but what the heck is the point of hashing out the labels? To get a few votes? Can't we just admit what is happening and try to come up with some good solutions (not more spending)?

I hate to get too deep into political details (which we have already done today)... but I suspect more people will vote against the White House and a Democrat-controlled Congress in November if they don't admit we're in a recession.

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