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jawbreakeraddict ed/edd/eddy  5d ago (x.com) 1,505 thread views #347306 earned 436 coins from votes

Biden's economy was artificially propped up by fake money and fake data. :marseybidenrentfree: :npcmaga:

https://x.com/EndWokeness/status/1896774810572918987

:#gigabiden:

Yes. It's comical people are worried about inflation, if we get a $5000 rebate from @ DOGE .

They have taken an astronomical amount of money out of circulation! 👏🏼👏🏼👏🏼

surely this will be good for the economy :#marseyclueless:

This is still Biden's economy. There isn't a magic switch. It will take time for it to be Trump's economy, and it won't really start until after his agenda gets passed.

:#soyjakmagatalking:

That's why I put everything into Trump's very real crypto coin!

:#marseyxd:

The results of Biden's economy is incoming.

:#npcmagatalking:

:#fellforitagainaward2:

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It legitimately was. They changed the definition of recession and they massively over estimated job creation and always had to scale back.

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no they did not you absolute mongoloid.

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This is nonsense. Yes two quarters of GDP decline is a decent rule of thumb but it's not the definition nor is it acceptable when you're unable to square it with growth everywhere else. We had the opposite example, where GDP was growing in spite of an obvious recession, last time.

The Great Recession saw employment peak in November 2007, personal income less government transfers peak in December 2007, the unemployment rate was up to 5% from 4.5% in the summer, GDP fell 1 quarter in Q4 2007 but rose in the initial estimates of Q1 and Q2 2008 GDP. The NBER called a recession literally because of every piece of evidence except GDP. https://www.nber.org/news/business-cycle-dating-committee-announcement-december-1-2008

Yes, the start of 2008 when the Fed bailed out Bear Stearns, GDP was growing in the initial reports. The initial GDP report was wrong in calling that recession. Eventually revisions brought it down across 2008.

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Extreme cope

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Tell me what I am lying about?

Not that tariffs are helping (in the short term) but the economy was not great to start with.

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you're lying about literally both things.

A) nobody redefined recession, you made that up.

B) the job numbers are ALWAYS revised.

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:marseycope:

though i think trumps lower taxes will outweigh any stupid economic decisions he will inevitably make

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