Reality Bites

[2012Bearcat]

Angle: Reality Bites | Fox News Video

Fox News host Laura Ingraham says President Biden is painting a different picture of reality for Americans on 'The Ingraham Angle.'

www.foxnews.com

Great outlook they have for the next couple of years. Great job Biden voters.

 

[OUSOONER67]

They told us to lower our expectations, mine cannot go any lower.
Only the sLoW didn't see what was coming.

 

[Ponca Dan]

They told us to lower our expectations, mine cannot go any lower.
Only the sLoW didn't see what was coming.

I think many of them knew what was coming. They just didn’t care. They were willing to put the American people through as much pain as necessary to oust Donald Trump. They told us DJT was an existential threat to the future of mankind, and told themselves that made it alright to do whatever it took to get rid of him. I think deep in their hearts they knew that was bs, and the unspoken truth (unspoken by them) is they didn’t care what the result would be, they just wanted their team to win.

 

[ClintonDavidScott]

I think many of them knew what was coming. They just didn’t care. They were willing to put the American people through as much pain as necessary to oust Donald Trump. They told us DJT was an existential threat to the future of mankind, and told themselves that made it alright to do whatever it took to get rid of him. I think deep in their hearts they knew that was bs, and the unspoken truth (unspoken by them) is they didn’t care what the result would be, they just wanted their team to win.

***still thinks Trump was cheated…looks as batsh!t as the next cuck parroting Qornspiracy theories***



carry on

 

[2012Bearcat]

***still thinks Trump was cheated…looks as batsh!t as the next cuck parroting Qornspiracy theories***



carry on

Have any thoughts about the economic forecast or has Trump still got you by your lady parts?

 

[Syskatine]

Have any thoughts about the economic forecast or has Trump still got you by your lady parts?

Trump got his ass kicked, didn't he? And most of his inner circle went to prison. Lol.

 

[2012Bearcat]

Trump got his ass kicked, didn't he? And most of his inner circle went to prison. Lol.

I take it you don't want to discuss the pathetic outlook of the economy you and the Democrats are responsible for?

 

[Syskatine]

I take it you don't want to discuss the pathetic outlook of the economy you and the Democrats are responsible for?

Easy, someone may get into facts again and watch you go tits up.

 

[2012Bearcat]

Easy, someone may get into facts again and watch you go tits up.

Oh please share with us your facts.

 

[ClintonDavidScott]

Oh please share with us your facts.

Republicans aren’t going to tell Americans the real cause of our $31.4tn debt | Republicans | The Guardian

The rich used to pay taxes. Now they loan money to the US government – at a profit that everyone else pays for

amp.theguardian.com

Tax rates on the wealthy were high. Under Republican president Dwight Eisenhower, they were over 90%. Even after all tax deductions, the wealthy typically paid half of their incomes in taxes.
Since then – courtesy of tax cuts under Ronald Reagan, George W Bush and Donald Trump – the effective tax rate on wealthy Americans has plummeted.
Not only has their income tax rate dropped but other taxes that hit them hardest, such as the corporate tax, have also declined.
Even as the rich have accumulated unprecedented wealth, they are now paying a lower tax rate than middle-class Americans.
Trump’s 2017 tax cut – largely a handout to the rich – helped push the tax rate on the 400 wealthiest households below the rates for almost everyone else.

By 2018, the 400 wealthiest American households paid a lower total tax rate – including federal, state and local taxes – than any other income group. Their overall tax rate was only 23%. It had been 70% in 1950.






carry on

 

[OUSOONER67]

🤣🤣🤣🤣🤡🤡🤡

 

[LAY THE WOODY]

🤣🤣🤣🤣🤡🤡🤡

View embedded media

A ronco commercial ain't it? 😂

 

[07pilt]

lol Biden has been president for 8 quarters. 6 of those quarter had GDP growth >2.5% annualized. 4 of those quarters had GDP growth >3% annualized. 3 of those quarters had GDP growth >6% annualized. The economy has grown at a 3.3% annual rate since Biden took office. The horror.

 

[2012Bearcat]

lol Biden has been president for 8 quarters. 6 of those quarter had GDP growth >2.5% annualized. 4 of those quarters had GDP growth >3% annualized. 3 of those quarters had GDP growth >6% annualized. The economy has grown at a 3.3% annual rate since Biden took office. The horror.

Let's put a little context to this for you.

Although forecasters expect the GDP to be close to three percent, any positive growth in this report is a “phantom,” as more than 20 forecasters project negative growth in the next three out of four quarters.

This comes as the majority of Americans brace for a cruel Biden recession, with more than half of all business owners considering layoffs in the next six months.

Bottom Line: Any attempts to hail positive economic growth in Thursday’s report as the end of the recession is wishful thinking. President Biden has crashed the economy and he is attempting to pass the blame onto Republicans.

KEY TAKEAWAYS:

Positive Economic Growth in GDP Needs Greater Context.

• Although forecasters anticipate the GDP will reach three percent, this will largely come from a surge in exports and deficit-fueled government spending, not consumer spending or business investment.
• Even with a “ghost” three percent growth in the third quarter, the economy as a whole so far in 2022 would be growing by only a hair more than zero percent.
• More than 20 forecasters project the economy will shrink this year, with 11 projecting the economy will shrink this year and next.

READ: REPORT: Bracing for a Painful Biden Recession, 51 Percent of CEOs Are Considering Layoffs in Next Six Months

Main Street is Bracing for a Recession.

• According to a new Bloomberg Economics model, a Biden recession “effectively certain,” and will happen much sooner than anticipated.
• Similarly, a Wall Street Journal survey of economists put the probability of a recession in the next year at 63 percent, which is up 14 percent from July.
• The majority of chief executive officers (CEO) surveyed by CNBC believe there will be a recession in the next year. Only a third believe it will be a “short” or “mild” recession, while 51 percent are considering layoffs in the next six months.
• More than a third of chief financial officers (CFO) believe the U.S. is either already in a recession, or will be in one before the end of the year.

READ: Cruel Biden Recession Will Crush Minority Americans

President Biden Shrunk the Economy.

• Democrats’ $2 trillion partisan so-called stimulus paid workers more to stay at home than go to work, causing a labor shortage that’s harming Main Street and raising prices.
• Democrats’ so-called Inflation Reduction Act will actually increase inflation, while raising taxes on Made-in-America manufacturers and working families.

READ: Fact Check: Biden Has Crashed the Economy and Wants to Blame Republicans

Americans Are Suffering Under Biden’s Cruel Economy.

• At least 84 percent of Americans fear a recession will take place before the end of the year, prompting more than three in four families to make significant lifestyle changes.
• More than half of American workers’ paychecks have been slashed by nearly nine percent, the steepest pay cut in 25 years, according to analysis by the Dallas Fed.
• A majority of minority workers feel stressed about their finances, as only a third of Black workers feel financially well off – down from earlier this year – and only one in three Hispanic workers feel financially well off.

 

[LAY THE WOODY]

lol Biden has been president for 8 quarters. 6 of those quarter had GDP growth >2.5% annualized. 4 of those quarters had GDP growth >3% annualized. 3 of those quarters had GDP growth >6% annualized. The economy has grown at a 3.3% annual rate since Biden took office. The horror.

We're all in a better place? 😅

 

[LAY THE WOODY]

Let's put a little context to this for you.

Although forecasters expect the GDP to be close to three percent, any positive growth in this report is a “phantom,” as more than 20 forecasters project negative growth in the next three out of four quarters.

This comes as the majority of Americans brace for a cruel Biden recession, with more than half of all business owners considering layoffs in the next six months.

Bottom Line: Any attempts to hail positive economic growth in Thursday’s report as the end of the recession is wishful thinking. President Biden has crashed the economy and he is attempting to pass the blame onto Republicans.

KEY TAKEAWAYS:

Positive Economic Growth in GDP Needs Greater Context.

• Although forecasters anticipate the GDP will reach three percent, this will largely come from a surge in exports and deficit-fueled government spending, not consumer spending or business investment.
• Even with a “ghost” three percent growth in the third quarter, the economy as a whole so far in 2022 would be growing by only a hair more than zero percent.
• More than 20 forecasters project the economy will shrink this year, with 11 projecting the economy will shrink this year and next.

READ: REPORT: Bracing for a Painful Biden Recession, 51 Percent of CEOs Are Considering Layoffs in Next Six Months

Main Street is Bracing for a Recession.

• According to a new Bloomberg Economics model, a Biden recession “effectively certain,” and will happen much sooner than anticipated.
• Similarly, a Wall Street Journal survey of economists put the probability of a recession in the next year at 63 percent, which is up 14 percent from July.
• The majority of chief executive officers (CEO) surveyed by CNBC believe there will be a recession in the next year. Only a third believe it will be a “short” or “mild” recession, while 51 percent are considering layoffs in the next six months.
• More than a third of chief financial officers (CFO) believe the U.S. is either already in a recession, or will be in one before the end of the year.

READ: Cruel Biden Recession Will Crush Minority Americans

President Biden Shrunk the Economy.

• Democrats’ $2 trillion partisan so-called stimulus paid workers more to stay at home than go to work, causing a labor shortage that’s harming Main Street and raising prices.
• Democrats’ so-called Inflation Reduction Act will actually increase inflation, while raising taxes on Made-in-America manufacturers and working families.

READ: Fact Check: Biden Has Crashed the Economy and Wants to Blame Republicans

Americans Are Suffering Under Biden’s Cruel Economy.

• At least 84 percent of Americans fear a recession will take place before the end of the year, prompting more than three in four families to make significant lifestyle changes.
• More than half of American workers’ paychecks have been slashed by nearly nine percent, the steepest pay cut in 25 years, according to analysis by the Dallas Fed.
• A majority of minority workers feel stressed about their finances, as only a third of Black workers feel financially well off – down from earlier this year – and only one in three Hispanic workers feel financially well off.

I ain't got no kinda relief from whispers.

 

[07pilt]

Let's put a little context to this for you.

Although forecasters expect the GDP to be close to three percent, any positive growth in this report is a “phantom,” as more than 20 forecasters project negative growth in the next three out of four quarters.

This comes as the majority of Americans brace for a cruel Biden recession, with more than half of all business owners considering layoffs in the next six months.

Bottom Line: Any attempts to hail positive economic growth in Thursday’s report as the end of the recession is wishful thinking. President Biden has crashed the economy and he is attempting to pass the blame onto Republicans.

KEY TAKEAWAYS:

Positive Economic Growth in GDP Needs Greater Context.

• Although forecasters anticipate the GDP will reach three percent, this will largely come from a surge in exports and deficit-fueled government spending, not consumer spending or business investment.
• Even with a “ghost” three percent growth in the third quarter, the economy as a whole so far in 2022 would be growing by only a hair more than zero percent.
• More than 20 forecasters project the economy will shrink this year, with 11 projecting the economy will shrink this year and next.

READ: REPORT: Bracing for a Painful Biden Recession, 51 Percent of CEOs Are Considering Layoffs in Next Six Months

Main Street is Bracing for a Recession.

• According to a new Bloomberg Economics model, a Biden recession “effectively certain,” and will happen much sooner than anticipated.
• Similarly, a Wall Street Journal survey of economists put the probability of a recession in the next year at 63 percent, which is up 14 percent from July.
• The majority of chief executive officers (CEO) surveyed by CNBC believe there will be a recession in the next year. Only a third believe it will be a “short” or “mild” recession, while 51 percent are considering layoffs in the next six months.
• More than a third of chief financial officers (CFO) believe the U.S. is either already in a recession, or will be in one before the end of the year.

READ: Cruel Biden Recession Will Crush Minority Americans

President Biden Shrunk the Economy.

• Democrats’ $2 trillion partisan so-called stimulus paid workers more to stay at home than go to work, causing a labor shortage that’s harming Main Street and raising prices.
• Democrats’ so-called Inflation Reduction Act will actually increase inflation, while raising taxes on Made-in-America manufacturers and working families.

READ: Fact Check: Biden Has Crashed the Economy and Wants to Blame Republicans

Americans Are Suffering Under Biden’s Cruel Economy.

• At least 84 percent of Americans fear a recession will take place before the end of the year, prompting more than three in four families to make significant lifestyle changes.
• More than half of American workers’ paychecks have been slashed by nearly nine percent, the steepest pay cut in 25 years, according to analysis by the Dallas Fed.
• A majority of minority workers feel stressed about their finances, as only a third of Black workers feel financially well off – down from earlier this year – and only one in three Hispanic workers feel financially well off.

Prognosticators have predicted 12 of the last 7 recessions

 

[2012Bearcat]

Prognosticators have predicted 12 of the last 7 recessions

Lets be clear, which definition of a recession?

 

[OUSOONER67]

Anything "Built Back Better" yet?

 

[07pilt]

Lets be clear, which definition of a recession?

The NBER's traditional definition of a recession is that it is a significant decline in economic activity that is spread across the economy and that lasts more than a few months. The committee's view is that while each of the three criteria—depth, diffusion, and duration—needs to be met individually to some degree, extreme conditions revealed by one criterion may partially offset weaker indications from another.

 

[2012Bearcat]

The NBER's traditional definition of a recession is that it is a significant decline in economic activity that is spread across the economy and that lasts more than a few months. The committee's view is that while each of the three criteria—depth, diffusion, and duration—needs to be met individually to some degree, extreme conditions revealed by one criterion may partially offset weaker indications from another.

Can you identify a period of time that would meet this definition of recession? Just want to verify what your definition looks like.

 

[07pilt]

Can you identify a period of time that would meet this definition of recession? Just want to verify what your definition looks like.

Here is an exhaustive list of US recessions that meet that definition. https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions

 

[Sunburnt Indian]

I know legions of blacks and Hispanics. Biden's crime and inflationary tidal waves are no fun. The Mexicanos and bruthuhs don't see no economic boom. Grandma could buy gasoline, burger patties and eggs under Trump.

 

[2012Bearcat]

Here is an exhaustive list of US recessions that meet that definition. https://www.nber.org/research/data/us-business-cycle-expansions-and-contractions

Thank you. It's nice to see someone on the left go on record.

 

[07pilt]

More horrific Biden economy news on the job front this morning.

 

[davidallen]

Let's put a little context to this for you.

Although forecasters expect the GDP to be close to three percent, any positive growth in this report is a “phantom,” as more than 20 forecasters project negative growth in the next three out of four quarters.

This comes as the majority of Americans brace for a cruel Biden recession, with more than half of all business owners considering layoffs in the next six months.

Bottom Line: Any attempts to hail positive economic growth in Thursday’s report as the end of the recession is wishful thinking. President Biden has crashed the economy and he is attempting to pass the blame onto Republicans.

KEY TAKEAWAYS:

Positive Economic Growth in GDP Needs Greater Context.

• Although forecasters anticipate the GDP will reach three percent, this will largely come from a surge in exports and deficit-fueled government spending, not consumer spending or business investment.
• Even with a “ghost” three percent growth in the third quarter, the economy as a whole so far in 2022 would be growing by only a hair more than zero percent.
• More than 20 forecasters project the economy will shrink this year, with 11 projecting the economy will shrink this year and next.

READ: REPORT: Bracing for a Painful Biden Recession, 51 Percent of CEOs Are Considering Layoffs in Next Six Months

Main Street is Bracing for a Recession.

• According to a new Bloomberg Economics model, a Biden recession “effectively certain,” and will happen much sooner than anticipated.
• Similarly, a Wall Street Journal survey of economists put the probability of a recession in the next year at 63 percent, which is up 14 percent from July.
• The majority of chief executive officers (CEO) surveyed by CNBC believe there will be a recession in the next year. Only a third believe it will be a “short” or “mild” recession, while 51 percent are considering layoffs in the next six months.
• More than a third of chief financial officers (CFO) believe the U.S. is either already in a recession, or will be in one before the end of the year.

READ: Cruel Biden Recession Will Crush Minority Americans

President Biden Shrunk the Economy.

• Democrats’ $2 trillion partisan so-called stimulus paid workers more to stay at home than go to work, causing a labor shortage that’s harming Main Street and raising prices.
• Democrats’ so-called Inflation Reduction Act will actually increase inflation, while raising taxes on Made-in-America manufacturers and working families.

READ: Fact Check: Biden Has Crashed the Economy and Wants to Blame Republicans

Americans Are Suffering Under Biden’s Cruel Economy.

• At least 84 percent of Americans fear a recession will take place before the end of the year, prompting more than three in four families to make significant lifestyle changes.
• More than half of American workers’ paychecks have been slashed by nearly nine percent, the steepest pay cut in 25 years, according to analysis by the Dallas Fed.
• A majority of minority workers feel stressed about their finances, as only a third of Black workers feel financially well off – down from earlier this year – and only one in three Hispanic workers feel financially well off.

How are these predictions looking?

 

[Syskatine]

How are these predictions looking?

Lol he's in his basement, inventorying his water purification tablets and c rations.

 

[2012Bearcat]

My apologies, I’m in Traverse City on vacation for a couple of weeks. Played 36 holes yesterday in 78 degree weather but it did rain for about an hour.

Did you not expect the MSM to tell you how the economy is getting better during election season? How gullible can you be?

 

[davidallen]

My apologies, I’m in Traverse City on vacation for a couple of weeks. Played 36 holes yesterday in 78 degree weather but it did rain for about an hour.

Did you not expect the MSM to tell you how the economy is getting better during election season? How gullible can you be?

Enjoy yore travel and leisure. Who knew that'd even be possible given the eminent economic collapse you were predicting.

 

[OUSOONER67]

🤣🤣🤣🤣
Nashee hitting the bottle hard.

 

[LAY THE WOODY]

How are these predictions looking?

I see the price of ice cream dipped. All that matters. 😉

 

[davidallen]

🤣🤣🤣🤣
Nashee hitting the bottle hard.

View embedded media

What DO the numbers say?

 

[Marocain Poke]

What DO the numbers say?

Too lazy to do the research?

 

[Marocain Poke]

I see the price of ice cream dipped. All that matters. 😉

I see what you did there.

 

[OUSOONER67]

What DO the numbers say?

Made up CCP Propaganda numbers. And prices are not going down. Gas went up here the other day. Cocaine prices may have gone up as well. I would imagine people got the message when the WH said it was ok to do cocaine as you won't get into trouble if you do, hell you can even take your coke to the WH and get away with it. 🤣
She is correct about Biden being like LBJ, both corrupt and both are Racists.

 

[22LR]

I’m in Traverse City on vacation for a couple of weeks. Played 36 holes yesterday in 78 degree weather but it did rain for about an hour.

Fantastic place for a summer vacation. Went there a lot when I was a kid and teen. My late father had a place on Glen Lake 25 miles west of you. My brother had a place at the base of Sugar Loaf Mtn NW of Traverse City. Great memories.

 

[Sunburnt Indian]

Too lazy to do the research?

I've done the research.

Consumers are 70% of our economy. We stand at record credit card debt. Bank delenquencies mount. Most car loans behind than ever. Business real estate is falling further behind. Rent. Record business closures. Fleeing business are not paying land lords in many, many cities. Wallgreen has closed a bunch of stores on the West Coast. Crime.

Things can get serious if consumers check this mad spending practice. Bidenomics inflationary tidal wave could very well become troublesome.

 

[davidallen]

...And prices are not going down...

Are you rooting for deflation?

 

[davidallen]

I've done the research.

....

Lol.

 

[Alpha Woke]

What DO the numbers say?

5’7”

245-250.

If I had to venture a guess.