Fears of recession are everywhere — except at the clueless White House

LurchAddams said:
I'm sorry. When did JustPlainPolitics become a Spanish language site? My Spanish is fluent, asshole. I lived in Spain.

You're just an insecure dickhead trying to impress people on a website. You're failing hard, my friend.

Fix yourself.
Click to expand...

Under the spreading chest-nut tree, the village idiot stands...and stands...and stands.
 
Earl said:
Under the spreading chest-nut tree, the village idiot stands...and stands...and stands.
Click to expand...

Earl. Your desperate please for my attention - how are you NOT totally embarrassed? Take some pride in yourself, sir!!!!
 
...and stands.

“Your desperate please for my attention...”

This sentence merits attention by the Smithsonian.
 
Earl said:
Fears of recession are everywhere — except at the clueless White House
By Post Editorial Board
April 16, 2022 7:52pm Updated

It was Bidenomics -- the war on energy, Dems' nearly $2 trillion debt-fueled American Rescue Plan spending spree -- that sparked Bidenflation in the first place. Carolyn Kaster/AP
More On: recession

Yield curve ‘inverts,’ stoking fears of US recession
Morgan Stanley warns last week’s stock bounce was ‘vicious bear market rally’
Goldman Sachs says US faces 35% risk of recession over the next year
US jobless claims decline to 52-year low

With prices soaring, labor shortages, the Ukraine war raging, supply-chains snarled and interest rates now set to rise, fears of a looming recession are everywhere. Except, of course, at the White House — which is in utter denial.

Just as it was over inflation.

“‘Inflation shock’ worsening, ‘rates shock’ just beginning, ‘recession shock’ coming,” blared Bank of America chief investment strategist Michael Hartnett in a note to clients.

“We anticipate that a more aggressive tightening of monetary policy will push the economy into a recession,” warns Deutsche Bank’s economists.

“The overheating of the labor market has raised the risk of recession meaningfully,” declares Goldman Sachs chief economist Jan Hatzius.

“Recession in the next couple of years is clearly more likely than not,” warns Clinton Treasury Secretary Larry Summers — whose prescient alarms on inflation a year ago went unheeded by Team Biden.

One development prompting jitters: Yields on short-term debt have been inching past longer-term debt, signaling investors’ lack of confidence in the economy down the road.
The Federal Reserve building.
Inflation has risen to 8.5 percent as of March.
Joshua Roberts/REUTERS

The key problem: The Federal Reserve Board’s drive to tame inflation — now running at 8.5% a year, the highest since 1981 — by jacking up interest rates and shrinking its balance sheet runs the risk of squeezing credit, thwarting investment and growth. After months of claiming (like the White House) inflation was “transitory,” the Fed is now finally tightening, with expected rate hikes totaling as much as perhaps 2 ½ points before year’s end.

Add to that lingering pandemic-era supply-chain issues, Russia’s invasion of Ukraine, President Joe Biden’s war on energy and Dems’ tax-and-borrow agenda — and recession in a year or two starts looking ever more likely.


Indeed, Summers notes that there’s never been “a moment in the United States when inflation was above 4[%] and unemployment was below 4[%]” — as now — “and we didn’t have a recession within the next two years.”

But the White House is all happy talk. Asked if Biden believes Summers is right about recession, as he was about inflation, White House flack Jen Psaki huffed, “That is not a projection we have made.” And National Economic Council Director Brian Deese claims the administration has “driven a uniquely strong economic recovery” that “positions us uniquely well to deal with the challenges ahead.”

Sorry: It was Bidenomics — the war on energy, Dems’ nearly $2 trillion debt-fueled American Rescue Plan spending spree — that sparked Bidenflation in the first place. Now the same cure pretends it’s going to fix its disastrous mistake, even while it sticks to the same course?

Brace for a rocky road ahead.
https://nypost.com/2022/04/16/fears-...e-white-house/
Click to expand...

AND WHAT WOULD YOU OR ANY REPUBLICAN DO- THAT BIDEN HAS NOT ALREADY DONE- OR NOT DONE- TO HELP MAKE THINGS BETTER?

I don't want to hear the problems- WE ALL KNOW ABOUT THE PROBLEMS IN THE WORLD RIGHT NOW!

LET'S HEAR SOME SOLUTIONS!

YOU GOT ANY BITCH BOY!

OR IS THAT ALL YOU KNOW HOW TO DO- IS JUST BITCH ABOUT BIDEN AND THE DEMOCRATS?

Dolling out trillions of dollars in relief money started under TRUMP you TRUMPTARDED HYPOCRITICAL SON OF A BITCH!

THE ECONOMIC SHUTDOWN STARTED UNDER TRUMP YOU CRYING LITTLE WHINY BITCH!
 
Last edited:
Geeko Sportivo said:
AND WHAT WOULD YOU OR ANY REPUBLICAN DO- THAT BIDEN HAS NOT ALREADY DONE- OR NOT DONE- TO HELP MAKE THINGS BETTER?

I don't want to hear the problems- WE ALL KNOW ABOUT THE PROBLEMS IN THE WORLD RIGHT NOW!

LET'S HEAR SOME SOLUTIONS!

YOU GOT ANY BITCH?

OR IS THAT ALL YOU KNOW HOW TO DO- IS JUST BITCH ABOUT BIDEN AND THE DEMOCRATS?
Click to expand...

First solution, impeach Biden.

Second...stop Biden’s war on our energy sector.

Third...secure the border.

Fourth...impeach Biden.
 
Earl said:
First solution, impeach Biden.

Second...stop Biden’s war on our energy sector.

Third...secure the border.

Fourth...impeach Biden.
Click to expand...

FUCK YOU!

Your rants are nothing but your ButtHURTEDNESS over losing an election that tore your little TRUMPTARDED PLAYHOUSE (NUTHOUSE) DOWN!

There is no war on the energy sector and the border is just as secure as it was under TRUMP!
 
Geeko Sportivo said:
FUCK YOU!

Your rants are nothing but your ButtHURTEDNESS over losing an election that tore your little TRUMPTARDED PLAYHOUSE (NUTHOUSE) DOWN!

You just proved it in your last response!
Click to expand...

You are going to experience a red tsunami in November.

Now, take a hike. pendejo.
 
Geeko Sportivo said:
FUCK YOU!

Your rants are nothing but your ButtHURTEDNESS over losing an election that tore your little TRUMPTARDED PLAYHOUSE (NUTHOUSE) DOWN!

There is no war on the energy sector and the border is just as secure as it was under TRUMP!
Click to expand...

He's totally right.

biden declared a war on energy when he was running for office.

and he delivered.

impeach biden fer shure.
 
Earl said:
You are going to experience a red tsunami in November.

Now, take a hike. pendejo.
Click to expand...

FUCK OFF!

Save you breath and go blowup your TRUMP SEX DOLL!

4a0851f90ad11fe6b3855a03c5c9b890d2-15-trump-sex-doll.rvertical.w330.jpg
 
Geeko Sportivo said:
FUCK YOU!

Your rants are nothing but your ButtHURTEDNESS over losing an election that tore your little TRUMPTARDED PLAYHOUSE (NUTHOUSE) DOWN!

There is no war on the energy sector and the border is just as secure as it was under TRUMP!
Click to expand...
You need Psychiatric help you are hallucinating again.
 
You must log in or register to reply here.
Back
Top