Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Wednesday, August 17, 2022

As Biden's vacation winds down, he prepares for a follow up vacation: no joke


The country is in trouble with crime, anti-white racism, a recession, the border crisis, and possibly being on the brink of war with Russia and/or China. Our president's strategy to deal with all of these crises is to go on vacation because anyone with a brain knows it isn't Joe Biden who is making the executive decisions, but someone behind the curtain pulling his strings and loading his teleprompter like he loads his skivvies.

Biden came off a weeklong vacation on Tuesday at a Democratic booster’s beachfront mansion on Kiawah Island in South Carolina. He finally wandered back to the White House and was able to tolerate five hours of pretending to work before going on yet another taxpayer-funded vacation for much needed rest in his home state of Delaware.

It isn't so much that he's lazy; it's because his addled brain can't handle the job, never could before, but now at 79 going on 80, he hasn't the strength to even fake it. But don't let his cool aviator shades fool you--the guy never flew a plane but his son constantly flies without one.
Joe Biden — fresh off a week-long beach vacation in South Carolina — will return to the White House today for just five hours before leaving on another vacation to Delaware pic.twitter.com/qZ5rnvC6OZ

— Jake Schneider (@jacobkschneider)
Biden, a career political hack with no original ideas, had no public events scheduled for Wednesday, and it's best for him and the Democrats if he stays out of the public eye, especially with the FBI clusterfrack that's going on with former President Trump and the Mar-A-Lago raid.

Of course, the Democrats had nothing to say about Biden going on back-to-back vacations because he isn't Donald Trump or any other Republican in office. But with only 18 months in office, Biden has taken more time off and done fewer interviews than Trump or Obama did at this point in their presidencies, according to The Wall Street Journal.

“In his first 18 months in office, he traveled to Delaware 46 times and to Camp David 18 times. He played 15 rounds of golf, conducted 17 formal press conferences and gave 20 sit-down interviews,” the WSJ reported on August 8th.

“The numbers, which span from taking office through July 20, reflect a president who wants to head home frequently at weekends, as he did when he was a senator and vice president. They also underscore a media strategy that has relied more on prepared remarks and brief question-and-answer sessions with reporters than on formal press conferences and interviews.”

It makes sense that Biden would want to head home as much as possible because home provides those with dementia a sense of safety and comfort. But people are upset with his crappy handling of the job and the destructive policies he's been told to put in place.

Twitter users slammed Biden for ignoring the multiple problems he has either created or worsened.
While Biden is on vacation, https://t.co/dTsZ6lmnOw

— Mercedes Schlapp (@mercedesschlapp) August 16, 2022 
Tuesday POTUS schedule. Biden leaves his vacation on Kiawah Island to fly to DC to sign a bill (doubling the size of the IRS) then heads off to Delaware on week 2 of his vacation pic.twitter.com/0OQ6TiDpGV 
— Miranda Devine (@mirandadevine) August 16, 2022 
Biden was out with covid for two weeks, vacation for another week, “worked for 5 hours” and is now off on another vacation. 
America doesn’t have a president. 
— thebradfordfile (@thebradfordfile) August 17, 2022

Biden is obviously cognitively and physically unfit for the job and as a young man, wasn't intelligent enough to handle it. At least now there is someone figuratively hiding under his desk whispering the answers to the questions he is asked.

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There is probably very little chance he will run again in 2024, and even if he decides to give it another go, it's doubtful the Democrats will allow him to run.


Monday, July 25, 2022

Yellon changes the definition of recession to make Biden look less demented


When an immature child is losing the game, the child changes the rules. When a leftist is losing the argument, the leftist changes definitions.

Former Chair of the Federal Reserve and current U.S. Secretary of the Treasury, Janet Yellen, a flaming Democrat, claims that the U.S. is not in a recession [it is] but in a “period of transition in which growth is slowing.”

Yellen spoke with NBC host Chuck Todd this past weekend and said that  “growth is slowing” — even though output appears to be turning negative for a sustained period of time, which is not the same thing.

Her rather self-serving understatement comes ahead of the Bureau of Economic Analysis publishing an advanced estimate of second quarter Gross Domestic Product (GDP) growth later this week — a reading that is expected to show that the economy shrank at a 1.6% annualized pace from April to June.

So by definition, if the economy shrinks over two quarters, this is known as a recession, and Yellen knows this factoid but would rather change the definition to make her boss look sentient.

Let's review: since the economy contracted at a 1.5% rate in the first quarter, the US may have experienced two quarters of negative growth, which meets the rule-of-thumb definition for a recession. If it doesn't shrink the predicted 1.6%, then that would be a minor miracle and Yellen would look like Nostradamus on Red Bull.

The genius admitted in June that she was "wrong" about the “path that inflation would take” but never learned from her error.

“This is not an economy that’s in recession,” the Bay Ridge, Brooklyn gal told Todd. “But we’re in a period of transition in which growth is slowing and that’s necessary and appropriate and we need to be growing at a steady and sustainable pace. So there is a slowdown and businesses can see that and that’s appropriate, given that people now have jobs and we have a strong labor market.”

The "slowdown" isn't the economy slowly going forward, it's the economy going backwards in reverse, like a student driver doing their first parking job.

Yellen also said that low joblessness is an indicator of strong economic performance. However, while unemployment is currently at 3.6%, clearly an improvement from the April 2020 level of 14.7%, labor participation hasn't recovered from pre-recession levels and thus we have worker shortages that increase expenses for businesses and thus, for consumers.

Yellen dismissed claims of a recession due to "solid" consumer spending. But the spending she calls "solid" is a reflection of higher prices for goods and services. Of course Americans are spending more--we have no choice.

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As alleged President Biden’s approval rating continues to slowly circle the bowl, news of a recession would worsen Democrats’ chances in the upcoming midterm elections. To combat the recession, Democrats have stopped calling it a recession and hope the American people are stupid enough to buy that bridge to Brooklyn.


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