US US Politics General - Discussion of President Biden and other politicians

 

[George Lucas]

Joepedo did some gay speech about law enforcement yesterday sucking off the Capitol Police and tried to always be friends with Eastasia, but his new cocktail was too obvious:

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Last chance to evacuate planet earth before it is recycled!

 

[Vyse Inglebard]

The View apologizes for linking Turning Point USA with neo-Nazis after threats of a lawsuit

Turning Point USA issues cease-and-desist to ABC News over ‘defamatory statements’ on ‘The View’

Turning Point USA issued a scathing cease and desist letter to ABC News on Tuesday, calling for the Disney-owned company to “retract the defamatory statements” made earlier this week on…

nypost.com

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You can tell it slowly killed her inside to have to apologize for that. Squirm some more, bitch.

 

[Blake Chortles]

I love how Goldberg immediately defamed them again after the apology and they had to read another statement directly contradicting what she just said.

 

[Potatoherder]

I love how Goldberg immediately defamed them again after the apology and they had to read another statement directly contradicting what she just said.

I hope they get sued again. The only way this shit stops is if you keep suing them.

 

[ForTheHoard]

In regards to Biden's stroke mouth, also consider that he's had numerous plastic surgeries on his face. That shit can basically paralyze your face if you go to the well too many times.

 

[Back me up!]

I hope they get sued again. The only way this shit stops is if you keep suing them.

Keep suing until they get Whoopie be the one to apologize. She'll never do it, and if she does might go on a rant mid speech calling them "double nazi's" or something.

 

[Extreme Crusader]

Too busy stuffing my face to confirm if this is true.

 

[Meat Target]

Too busy stuffing my face to confirm if this is true.

According to The Reload, they've just punted it to after the August break.

 

[Puff]

According to The Reload, they've just punted it to after the August break.

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They barely passed the gun control law that only fucks with 18-21 year olds and gave some suggestions on red flag laws. This won't pass without something changing anyway.

 

[Feline Supremacist]

Watch the corners of his mouth. One side is clearly mobile, the other is completely stuck. His left eye doesn't express well either, whereas the right is normal.

Normally I'd say its Bell's Palsy but given his current potato status he's probably had a series of strokes at this point. He's only going to get worse.

My dream of seeing him spazz out and start dropping the N word like a sperg with Tourette's on live TV may soon come true.

 

[HTTP Error 404]

There's always the third quarter.

Nope, it requires two quarters in a row. If they can c-c-c-combo-breaker it by cooking the books, they won't be in a recession for at least another 6 months.

 

[Meat Target]

They barely passed the gun control law that only fucks with 18-21 year olds and gave some suggestions on red flag laws. This won't pass without something changing anyway.

The only way an AWB happens in the foreseeable future is if the Dems pick up Senate seats and nukes the filibuster.

 

[Gar For Archer]

Normally I'd say its Bell's Palsy but given his current potato status he's probably has a series of strokes at this point. He's only going to get worse.

My dream of seeing him spazz out and start dropping the N word like a sperg with Tourette's on live TV may soon come true.

I want to see him spazz out and drop a different kind of bomb in his trousers on live TV.

 

[Bugman's Burden]

Did everyone forget that Newsom almost got recalled by the skin of his balls?

I despise Newsom but over three million people voted to keep him than voted to recall him. He won the recall election by 23 points -- nowhere is that 'the skin of his balls'. Californians are so cucked they'll gladly pay $6+ a gallon for gas as their government shuts their businesses down for years and crushes them with taxes then has the audacity to brag about how they have a 'record surplus.'

 

[Hüftpriester]

Another banger from Kyle Dunnigan

 

[HTTP Error 404]

https://nypost.com/2022/07/27/fed-hikes-key-interest-rate-0-75-points-for-second-time-as-inflation-surges/?utm_source=NYPTwitter

Welp.

Remember, the DebOOOOOnkers will insist everything's fine and the new definition of Recession: "A period of economic downturn when a Democrat admin is not in power" must be adhered to at all times or you lose your insider press access and/or social media accounts.

 

[gang weeder]

The View apologizes for linking Turning Point USA with neo-Nazis after threats of a lawsuit

Turning Point USA issues cease-and-desist to ABC News over ‘defamatory statements’ on ‘The View’

Turning Point USA issued a scathing cease and desist letter to ABC News on Tuesday, calling for the Disney-owned company to “retract the defamatory statements” made earlier this week on…

nypost.com

View attachment 3534712

Lul. Always hilarious to see that no matter how mild and milquetoast conservatives might try to be, they still get called Nazis anyways.

 

[Compositesludge]

This ain't new. Back when Obungo was in office, in December 2008, it announced that the U.S. was in a recession.....that had begun almost one year earlier in January 2008.

Paul Krugman had an opinion piece where he talked about "the people who actually decide we're in a recession." It was wild to read:

There’s a pretty good chance the Bureau of Economic Analysis, which produces the numbers on gross domestic product and other macroeconomic data, will declare on Thursday, preliminarily, that real G.D.P. shrank in the second quarter of 2022. Since it has already announced that real G.D.P. shrank in the first quarter, there will be a lot of breathless commentary to the effect that we’re officially in a recession.

But we won’t be. That’s not how recessions are defined; more important, it’s not how they should be defined. It’s possible that the people who actually decide whether we’re in a recession — more about them in a minute — will eventually declare that a recession began in the United States in the first half of this year, although that’s unlikely given other economic data. But they won’t base their decision solely on whether we’ve had two successive quarters of falling real G.D.P.
To understand why, it helps to know a bit about the history of what is known as business cycle dating.

A modern economy is a constantly changing thing, in which individual industries rise and fall all the time. (Remember video rental stores?) At some point in the 19th century, however, it became obvious that there were periods when almost all industries were declining at the same time — recessions — and other periods during which most industries were expanding.

To understand these fluctuations, economists wanted to compare different recessions and search for common features. But to do that, they needed a chronology of recessions, one based on a variety of measures, since G.D.P. didn’t even exist yet as a concept, let alone a number regularly estimated by the government.
A seminal 1913 book by the American economist Wesley Clair Mitchell is widely credited with beginning the systematic empirical study of business cycles. In 1920, Mitchell helped found the National Bureau of Economic Research, an independent organization that soon found itself devoting much of its research to economic fluctuations, and began offering a chronology of business cycles in 1929.

Since 1978 the N.B.E.R. has had a standing group of experts called the Business Cycle Dating Committee, which decides — with a lag — when a recession began and ended based on multiple criteria, including employment, industrial production and so on. And the U.S. government accepts those rulings. So the official definition of a recession is that it is a period that the committee has declared a recession; it’s an expert judgment call, not a formula.

So where did the two-quarter thing come from? Part of the answer is that the N.B.E.R. doesn’t make recession calls in real time. For example, while the Great Recession is now considered to have begun in December 2007, the dating committee didn’t make that call until December 2008. Also, other nations don’t have any equivalent of the N.B.E.R. So there has always been an incentive to look for simple formulas, not dependent on judgment, that can quickly determine a recession.

Two quarters of economic contraction — a downturn sustained enough that it probably isn’t a statistical blip — seems, on the surface, like a reasonable criterion. But it’s not hard to see how it could be deeply misleading, even if the data are correct. Imagine, for example, an economy that suffered a severe slump for one quarter, then briefly stabilized and grew a bit, then resumed its plunge for another quarter. Would you really want to deny that this economy experienced a recession?

There are better indicators. The Sahm Rule, developed by Claudia Sahm, a former Fed economist currently at the Jain Family Institute, tries to identify the start of recessions by looking for significant increases in the unemployment rate. It works really well.

In fact, if we didn’t have the N.B.E.R. to make the determination, there would be a good case for viewing the Sahm Rule not as a predictor but as a definition: A recession has begun when the Sahm Rule says it has. And right now the rule emphatically does not say that we’re in a recession.

That’s partly because the G.D.P. numbers seem out of sync with many other economic indicators — part of a general picture in which economic data seem to be telling inconsistent stories. (Perhaps because, to use a technical term, we’re still somewhat discombobulated by the pandemic.) Employment growth, for example, has been solid. Is that consistent with a recession? Even gross domestic income — a number that in principle should be literally equal to G.D.P. but is estimated using different data — isn’t telling the same story, because it didn’t decline in the first quarter.

So it would be foolish to declare that we’re in a recession even if Thursday’s number is negative and the first-quarter number isn’t revised upward.

And what difference would a recession call make, anyway? What should matter is the state of the economy — which is complicated — not the particular word we use to describe it. Unfortunately, the American political scene being what it is, we’re probably about to see a firestorm of demands both that the N.B.E.R. committee immediately declare a recession and that the Biden administration admit that one is in progress; I’m already hearing rumblings that the administration will be applying a double standard if it refuses to accept the “official” rule that two quarters of negative growth define a recession.
Well, there is no such rule. It’s quite possible that we will in fact experience a recession soon; it’s even possible, although less likely, that one has already started. But there’s no reason to use the R-word this week.

The big takeaways from this are that it won't be a recession until the National Bureau of Economic Research determines that it is one, and that it's taken them over a year in the past to determine the starts of some recessions, such as the December 2007 recession. To sum it all up, according to Paul Krugman, we shouldn't call it a recession until our economic overlords give us the go-ahead in a year or so. Me, I think it's better to not let people tell you the piss falling on you is rain just because they wrote a NYT opinion piece and will probably tell you that it was rain the entire time a year after the fact.

 

[Meat Target]

The Navy is sending a carrier group towards Taiwan.

 

[Extreme Crusader]

>gun violence now the leading cause of death of children in America
>High fevers, flu, and accidental deaths has left the chat
>Abortion has left the chat

The Navy is sending a carrier group towards Taiwan.

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I hope she dies there.