A Recession on the Way?

Oh. I've totally missed the point of this.

This is "Biden is doing a good job" and FF is railing against it because Biden couldn't possibly doing good things - like trump did.

Yeah, but no. We're discussing high level statistics here, not some random news story.

It means they're cherry picking favorable news stories while ignoring or refusing to acknowledge negative news stories.

You're confusing things.

Data is data and it doesn't lie. ... but it can be cherry picked - which RickDeckard promptly rejected.

Articles and news stories report on data. The data itself is not a story until the data tells a story. In this case, that worker wages have increased, albeit minimally.

Americans are dipping into their 401k's

While the economy may be growing, it's just not enough. Credit card debt surpassed 1 trillion.
https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

https://www.politico.com/story/2016/06/trump-king-of-debt-224642

like so many things, you appear to have gotten this backwards...

looking at the Canadian version, runs about the same pattern with the Liberals usually dragging the debt back down to whatever it was before the outgoing COnservatives got their paws on it. Similar covid related spike as well...

Wrong. Biden did a good job with the semiconductors and he did what Trump couldn't do, bring manufacturing jobs back. Unlike you, I give credit where credit is due.

I give credit where it’s due. Apparently, though, my standards are higher than yours.

As @Ancalagon demonstrated on the last page, the spin isn't going in the direction you seem to think it is.

Basically the exact same story gets presented as straight-up good news when there's a Republican in the White House, and loaded down with insinuations of gloom and doom when there's a Democrat.

Thanks to decades of the right wing "working the refs."

While I'm convinced you're ignoring other positive accomplishments, thank you for acknowledging this one

I’ve never seen federal farmer so eager for recess before.

https://www.politico.com/news/2023/08/13/biden-inflation-reduction-act-climate-states-00110940

Another example of Bidenomics working, credit card losses are rising at an alarming rate.

https://www.cnbc.com/2023/09/22/cre...st-pace-since-the-great-financial-crisis.html

Keep jerking. You'll cum sooner or later.

So the last time this happened was under Trump during a time when the economy was improving? And the time before during the tech surge?

And the guy says it is most similar to those times, which everyone agrees the economy was fine? OK. LOL.

So, what?

Are they "losing" because people are defaulting/going bankrupt (bad) or because people are paying off their cards faster than the companies would like (good), or what? Delinquencies make up all the losses or not?

Should've been in the article. CNBC doesn't seem to care about that, only about the company bottom lines.

I'm confused, is @Steal Your Face arguing that the signs are of a recession coming, or evidence for a recession being in its second year?

OMG you're right. I can see in the article that Bidenomics caused the exact same thing to happen in 2008

https://www.theguardian.com/us-news...gg-price-fixing-senate?CMP=Share_iOSApp_Other

The only reason a recession hasn't happened is because the mainstream media won't cover it.

If gas prices continue to move down into 2024 you are going to have a lot of “mainstream” journalists pretending it’s not happening or if it did happen the Biden administration had nothing to do with it. Horse race 2024!

More of Bidenomics working.

https://www.businessinsider.com/eco...ally-pandemic-jpmorgan-income-markets-2023-12

Was this you, almost two years ago?

Boy, that recession sure did hit us hard.

You should probably just STFU, spanky.

Deny, deflect and dodge, typical liberal response.

Before I respond, did you read the article? The entire article?

A simple yes or no will suffice.

Wow. This thread got awfully quiet.

Man, that recession just keeps refusing to come.

Annoying, isn't it?

I mean, there's a Democrat in the White House! The economy has to be bad! It simply has to -- my whole worldview will collapse otherwise!

I mean if you ignore high gas prices, high inflation, high housing costs, and everything thing else I’ve posted in this thread then yeah the economy is booming. Democrats love ignoring reality though.