In Biden's first year, economic growth reached a 37-year high

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Hawkeye10 said:
R U OFFING yourself next month?

Try to think a little longer please.
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I'm using the technical term for recession of two quarters of negative growth. If GDP does not retract, then, we are not technically in a recession. Obviously, people will still be hurting. I don't love GDP as a metric, given that it includes government spending (which is like using a cheat code).
 
Minister of Truth said:
I'm using the technical term for recession of two quarters of negative growth. If GDP does not retract, then, we are not technically in a recession. Obviously, people will still be hurting. I don't love GDP as a metric, given that it includes government spending (which is like using a cheat code).
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Remembering that the Great Recession was officially announced 9 months after it started.
 
evince said:
How is biden to blame for a world wide inflation cycle?


You just want to hate on America


You blame America for what Putin and China caused huh asshole traitor
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wreckless spending, killing domestic oil production
those brought on our inflation
goading UKR into pushing putin to act expanded it globally
 
Celticguy said:
if you were able to understand any of it you would see that it does.

The first graphshows the massive spike in needless spending, the timing corresponds to inflation.
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It proves none of what you claimed as cause


It in facts traces the pandemics access to vaccine and the Ukraine war assblot
 
evince said:
https://www.mckinsey.com/business-f...ics-intelligence-executive-summary-april-2022



Global Economics Intelligence executive summary, April 2022
May 9, 2022 | Article
Amidst high inflation and the continuing war in Ukraine, strong demand persists; forecasting institutions trim growth estimates.
Inflation accelerated in the United States and Eurozone to 8.5% and 7.5%, respectively, with high energy prices as the principal driver (Exhibit 1). The US economy contracted –0.4% in the first quarter of 2022; economists are citing steep increases in US imports as a cause of the retreat. Developed and emerging economies alike are experiencing continuing supply chain disruptions and productions shortages, challenges magnified by the effects of Russia’s invasion of Ukraine.
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This
 
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