Before I tell you about the reputation dragon media’s following BIG LIE, I need to exhibit you how they’ll buy it. It starts, as these items usually do, with the Left attempting to control the speech to change your perceptions about how the market performed under Presidentish Joe Biden and may perform under President Donald Trump.
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We may get done with Biden but he isn’t done with us, as you’re about to see.
There was a recession in soon 2021/early 2022, generally defined as two consecutive apartments of economic contraction. Except the “non-partisan” National Bureau of Economic Research decided to change the widely understood concept. In 2022, haven’t you know, it turned out that “many factors go into that analysis”, and that the Biden recession wasn’t a crisis at all when you looked at the “many components” that nobody had ever looked at before.  ,
The White House got into the game, also, with the White House Council of Economic Advisors citing a “holistic look at the data“, instead of playing by the established rules.
The media played along and pretended the crisis never happened.
Convenient, eh?
I’d also include that if you take ahead Biden’s terrible budget shortfalls, any economic development that happened on his watch was an illusion. We entered a government-engineered downturn during the evacuations of 2020 and, thanks to spectacular financial incompetence under Biden, we always left it.  ,
Budget deficits are a drag on future expansion and should be subtracted from our GDP images. But the same state that spends more than it takes in — now by trillions of dollars — claims that deficits are expansion and, suddenly, the press plays together.
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But easy.  ,
Private sector employment and pay stagnated under Biden because everything was driven by Big Government and sold to you by Big Media.  ,
It was a terrible group that Biden threw for his well-connected friend. Then comes the migraine, and some on the Left now have a term for the recession that hasn’t happened still: Trumpcession.
Assuming we do end up with a crisis, they’ll definitely call it the Trump Depression or something along those lines. I may get exaggerating but not by much. During the 1992 political campaign, Bill Clinton claimed that President George H. W. Bush gave us” the worst business since the Great Depression”, even though the 1991 crisis was gentle, short-lived, and over for a month before Clinton won the Democrat election.
The media helped him get ahead with it, too.
The pleasures keep piling up.
Here are the details, as horrible as they are.
All of our “growth” for the last five times is due to unsustainable imbalances that may plague decades of Americans yet to be born. Financial decisions are extremely driven by growth-killing demands and restrictions imposed by Biden and the Democrats during 2021-2022. Consumer spending is driven in large part by cheap goods from a state that hates us.  ,
Getting over our habit to new debt will become painful. Undoing the Biden regulation binge comes with political challenges that some so-called Republicans in Congress refuse to take. Homeshoring — or at least friendshoring — comes with the horror and problems of tariffs.  ,
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The next time a new president faced an economical problems like this one was Ronald Reagan in 1981. The crisis he engineered with Fed Chair Paul Volcker that time really was one of the worst since the Great Depression, but it was the amount that had to be paid to pull Johnson/Nixon/Carter recessions out of the program. It was a terrible danger they took but it paid off with 20 times of nearly continuous and extraordinary progress.
But hang on tight because the so-called Trumpcession is in fact the ultimate price to be paid for four decades of Joe Biden.
Recommended: Hit Piece on Data Republican ( Small r ) Snares Her Husband ,
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