Is the economy on the skid????

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US consumers cut retail spending sharply in July

The US economy is showing some cracks beneath the surface.

Retail sales fell 0.6% in July from the prior month, the Commerce Department said Friday, down from June’s 0.2% and well below the 0.1% gain that economists projected in a poll by data firm FactSet. It was the steepest drop since May 2025. The figures are adjusted for seasonal swings but not inflation.

Consumer spending is the lifeblood of the US economy, accounting for about two-thirds of economic growth. Friday’s report shows that economic engine might be losing momentum.

 
US consumers cut retail spending sharply in July

The US economy is showing some cracks beneath the surface.

Retail sales fell 0.6% in July from the prior month, the Commerce Department said Friday, down from June’s 0.2% and well below the 0.1% gain that economists projected in a poll by data firm FactSet. It was the steepest drop since May 2025. The figures are adjusted for seasonal swings but not inflation.

Consumer spending is the lifeblood of the US economy, accounting for about two-thirds of economic growth. Friday’s report shows that economic engine might be losing momentum.

Other than the period 2017 to 2019 when he could ride the coat tails of the Obama economy, Trump's tenure in the White House has been a story of the inept mismanagement of the economy, of pandemics, and of wars.
 
Other than the period 2017 to 2019 when he could ride the coat tails of the Obama economy, Trump's tenure in the White House has been a story of the inept mismanagement of the economy, of pandemics, and of wars.
Well if you look at the facts 11 out of the last 12 Recessions, one almost a depression, were started under Republican Presidents.
If you want a recession elect a Republican President if you want a good running economy you elect a DEM President.
We have a Republican President now so we may go into another recession soon.
 
Well if you look at the facts 11 out of the last 12 Recessions, one almost a depression, were started under Republican Presidents. If you want a recession elect a Republican President if you want a good running economy you elect a DEM President. We have a Republican President now so we may go into another recession soon.


The claim in post #7071516 is partially accurate on the raw historical count of recession starts but is overstated, selective, and does not support the causal conclusion drawn.


The post (replying to discussion of July 2026 retail sales weakness) states:


“Well if you look at the facts 11 out of the last 12 Recessions, one almost a depression, were started under Republican Presidents.If you want a recession elect a Republican President if you want a good running economy you elect a DEM President.We have a Republican President now so we may go into another recession soon.”

The numerical claim​


Post-WWII NBER-dated recessions (the standard list) show a clear imbalance in starts:


  • July 1953 – Eisenhower (R)
  • August 1957 – Eisenhower (R)
  • April 1960 – Eisenhower (R)
  • December 1969 – Nixon (R)
  • November 1973 – Nixon (R)
  • January 1980 – Carter (D)
  • July 1981 – Reagan (R)
  • July 1990 – G.H.W. Bush (R)
  • March 2001 – G.W. Bush (R)
  • December 2007 – G.W. Bush (R)
  • February 2020 – Trump (R)

That is 10 of the last 11 (or 11 of 12 if counting the 1948–49 Truman recession as the starting point of a longer window). The “one almost a depression” is a reference to the Great Recession (2007–09). Sources including Wikipedia summaries of NBER data, academic papers (Blinder-Watson), and fact-checks consistently report this pattern: roughly 10 of 11 modern recessions began under Republican presidents.


The count is factually close enough; the slight variation in “11 of last 12” vs. “10 of last 11” depends on the exact starting cutoff (post-1945/1948/1953).


Why the causal leap fails​


  • Presidents do not control the business cycle tightly. Recessions are driven by monetary policy (Fed), oil shocks, financial crises, pandemics, inventory cycles, wars, and prior excesses. Many of the Republican-start recessions had external triggers (1973 oil embargo, 1990 Gulf War/S&L, 2001 tech bust + 9/11, 2007 housing/credit, 2020 COVID). The 1980 Carter recession was also energy/inflation-related.
  • Timing and inheritance matter. Presidents often inherit conditions set years earlier. Expansions under one party frequently end under the next. Eisenhower faced post-Korean War adjustment; Reagan faced the aftermath of 1970s inflation/Volcker tightening.
  • Broader performance metrics are mixed and do not prove party causation. Studies (e.g., Blinder-Watson) find average GDP growth, job creation, and stock returns higher under Democratic presidents in the post-WWII period, and more recession quarters under Republicans. However, these correlations do not isolate policy effects from luck, Fed actions, Congress, global events, or demographic trends. Average performance does not mean every Democratic term is strong or every Republican term weak.
  • “Almost a depression” under a Republican is true for 2007–09, but the Great Depression itself began under Hoover (R) and continued under FDR (D). Longer historical windows dilute the modern pattern.

Current context (August 2026)​


The thread started with July 2026 retail sales falling 0.6% month-over-month (steepest drop since May 2025, below expectations). That is a soft data point for consumer spending.


However, the broader picture does not show the economy clearly “on the skids” or in imminent recession:


  • Q2 2026 real GDP grew ~1.5% annualized (slowed from Q1’s 2.1%).
  • Unemployment ~4.1–4.2%.
  • ISM Manufacturing PMI recently in expansion (mid-50s).
  • Sahm rule and most yield-curve/recession indicators are not triggering.
  • Recession probability estimates from various models remain modest (often 20–35% over the next 12 months in recent surveys), not elevated to crisis levels.

Softening labor data, sticky inflation, and weak retail are real risks, but they do not yet constitute a recession, and attributing any future one primarily to “Republican President” would ignore the lagged effects of prior policy, Fed decisions, energy shocks, and global factors.


 
Well if you look at the facts 11 out of the last 12 Recessions, one almost a depression, were started under Republican Presidents.
If you want a recession elect a Republican President if you want a good running economy you elect a DEM President.
We have a Republican President now so we may go into another recession soon.
The really extraordinary statistic is that less than three million jobs were collectively created during the last three Republican presidents, while over 40 million jobs were created during the last three Democratic presidents.
 
ROFL it's pathetic that you actually believe the crap of a good Obama economy
Obama came in and saved the nation from a Second Great Republican Depression.

More jobs were created during the Obama presidency by far than if you added up all the jobs created during the last three Republican presidents.

By the time Obama left office in Jan. 2017, he had dug us out of the massive hole George Dumbya got us into, and the economy was growing and performing decently.
 
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Obama came in and saved the nation from a Second Great Republican Depression.

More jobs were created during the Obama presidency by far than if you added up all the jobs created during the last three Republican presidents.

By the time Obama left office in Jan. 2017, he had dug us out of the massive hole George Dumbya got us into, and the economy was growing and performing decently.
1. NO, he most definitely did NOT save the nation from a second depression. what he DID do is manage to keep that current recessed economy dragging its ass so as not to fall in to depression. For THAT, I can give him a bit of credit.
2. cite the source for this claim
3. does your boyfriend actually believe you have a 10 inch dick as well?
 
Obama came in and saved the nation from a Second Great Republican Depression. More jobs were created during the Obama presidency by far than if you added up all the jobs created during the last three Republican presidents. By the time Obama left office in Jan. 2017, he had dug us out of the massive hole George Dumbya got us into, and the economy was growing and performing decently.


Is that so?



Mostly false / heavily misleading on the core job-creation claim; partially accurate on recovery from the Great Recession, but framed in partisan rhetoric.


Job creation numbers (BLS nonfarm payrolls, standard presidential-term comparisons)​


Reliable BLS-based figures (common across Wikipedia, Calculated Risk, and similar analyses using inauguration-to-end or January-to-January):


  • Ronald Reagan (1981–1989): ~+16.1 million
  • George H.W. Bush (1989–1993): ~+2.6 million
  • George W. Bush (2001–2009): roughly +0.5 to +1.4 million (net; sources vary slightly by exact endpoint and revisions, but low single digits of millions at best; private-sector often near zero or negative)
  • Sum of those three Republicans: roughly 19–20 million
  • Barack Obama (2009–2017): ~+11.6 million (total nonfarm; private-sector gains were higher, partly offset by public-sector losses)

Obama’s total does not exceed the sum of the prior three Republican presidents—it falls well short.

The claim that Obama created “by far” more is incorrect. (Clinton’s two terms remain the modern high-water mark at ~22–23 million.)

Percent growth and jobs-per-month metrics also show Reagan and Clinton stronger overall than Obama; G.W. Bush’s record was weak, heavily impacted by the early-2000s slowdown/recession and the 2007–2009 crash.

Private-sector-only tallies show a similar pattern (Reagan strong, G.W. Bush weak/negative net, Obama solid recovery but not exceeding the Reagan + Bushes combination).


The recession and recovery context​


  • The Great Recession (NBER-dated December 2007–June 2009) was the worst postwar downturn until then—deepest job losses (~8–9 million from peak to trough), major financial crisis, housing collapse. It began under G.W. Bush and continued into Obama’s first year. Unemployment rose from ~5% pre-recession to a peak of 10% in October 2009.
  • It was severe but not a “Second Great Depression.” The 1930s Depression featured ~25% unemployment, multi-year GDP collapse, and far longer recovery. Policymakers (Fed under Bernanke, TARP under Bush, stimulus and other measures under Obama) prevented a full 1930s-style outcome. Calling it a “Second Great Republican Depression” is partisan hyperbole.
  • By January 2017, the economy had recovered the lost jobs (and then some), unemployment was 4.7%, and growth was positive though modest (average real GDP growth during the Obama years was roughly in the low-to-mid 2% range). The recovery was slower than many prior postwar recoveries, with lingering issues around labor-force participation, long-term unemployment early on, and uneven gains. Obama inherited a deep hole and left a stronger (if not booming) economy.

Bottom line​


  • The specific “more jobs by far than the last three Republican presidents combined” claim is false—the numbers go the other way.
  • Obama oversaw a recovery from a severe recession that started on Bush’s watch; the economy was in better shape by 2017 than in early 2009.
  • Broader “saved the nation from a Second Great Republican Depression” framing is rhetorical exaggeration, not precise economic history. Presidents inherit conditions, face external shocks, and share credit/blame with Congress, the Fed, and global factors. Job and growth numbers are real but incomplete measures of policy success.

 
1. NO, he most definitely did NOT save the nation from a second depression. what he DID do is manage to keep that current recessed economy dragging its ass so as not to fall in to depression. For THAT, I can give him a bit of credit.
2. cite the source for this claim
3. does your boyfriend actually believe you have a 10 inch dick as well?
Is your boyfriend a bit short on your expectations???
 
2. cite the source for this claim
11 million jobs were created in the 8 years of the Obama administration.

In the ~14 years of the administrations of Poppy Bush (+2.6 million added), George Dumbya (+1.4 million added), Trump 1 (- 3 million lost), Trump 2 (+0.6 mil) jobs added.

In summary:

In 14 years of the last three Republican presidents, 600 thousand (600k) total jobs added. ​

In 8 years of the Obama presidency, 11 million jobs added ​
​
Obama performed better by 1,733 percent. And in less time. ​
 
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