(Natural News) The Biden regime, with the help of their propaganda arm in the media, fought tooth and nail to claim that the technical definition of the term “recession” didn’t apply to the government data which showed the U.S. had entered a recession.
(Article by Susan Duclos republished from AllNewsPipeline.com)
Was that a confusing paragraph? Yes, deliberately so, because the government and media’s aim was to confuse the populace into believing the recession they were seeing and feeling, wasn’t happening.
A case of “don’t believe your lying eyes, just trust us.”
To make it clearer because their claims absolutely made no sense, the government with the help of the media attempted to change the meaning of recession to protect Joe Biden and his handlers from throwing America into a recession with his policies.
Whether they thought they could literally keep lying through their teeth to the American public all the way until the November midterms, is unclear because no matter how hard I try, I just cannot comprehend the though processes of the liberal mind.
Visually here is what they tried to do.
Below is the technical definition, used for decades, to show an economy is in a recession.
That happened in July 2022. The GDP fell and contracted for two consecutive quarters.
Here is how the media treated news of the recession. (H/T Babylon Bee)
Jump forward to the end of September 2022, and we see some finally acknowledging the truth: “It is official: the U.S. entered a technical recession in Q2.”
In a confirmation of what analysts had long suspected, the Bureau of Economic Analysis (BEA) reported that the U.S. fell into a technical recession in the second quarter of 2022.
The BEA stated on Thursday that the economy decreased by “0.6 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter.”
Upon the news the S&P 500, which measures and tracks the stock performance of the top 500 listed companies in the U.S., fell by 2.58%.
Bitcoin performed only marginally better, experiencing a drop of 2.08 over the same period to drag the digital asset back below the $19,000 resistance line.
Others of course are still trying to confuse the issue, such as CNN, who admits that we are seeing a recession, but claims it is only by “one definition.”
It appears they are, indeed, going to try to drag out the confusion until the November midterms. Unfortunately, die-hard, liberal progressives that do not want the truth, they want to be told what they want to hear, will be gullible enough to fall for the trickery.
Then they will act surprised when they are informed that yes, it is a recession….after the midterms.
INFLATION/RECESSION REPORTS ……..
Fortunately not all Americans are 1) progressive liberals; 2) As gullible as progressive liberals, and; 3) As trusting in the propaganda arm of the Democrat party.
PJ Media’s headline from September 23, 2022, says it all: “Misery Index: Bidenflation Remains Sky-High, And Americans Aren’t Fooled.”
On Thursday the Commerce Department revised earlier data, making an economy America knew was already bad as they suffered high gas prices, food inflation and all around higher costs, for almost everything available to purchase, even worse than originally thought.
On Thursday, the Commerce Department released revisions to its estimates of GDP and GDI. The GDP estimates were unchanged but the GDI estimates for the first half of this year were marked down sharply. First quarter GDI grew at a 0.8 percent annual rate and second quarter GDI growth was a mere 0.1 percent.
Many economists look to the average of GDI and GDP as a signal for the health of the economy. Prior to the revisions, that average appeared to imply that the U.S. economy was growing in the first half of the year, supporting the claim that the U.S. economy was not in a recession. After the revisions, the average of GDI indicates the economy shrank 0.3 percent in the second quarter and 0.4 percent in the first.
In the very last paragraph of the Breitbart report we see a critical pieces of news that the MSM absolutely refuses to admit: “The government also revised GDP upward for 2020 and 2021, primarily because consumer spending and exports were higher than previously thought. This means the economic weakness brought on by the pandemic was not as bad as originally estimated and the recovery begun under President Donald Trump was stronger. it also helps explain why the Biden administration’s aid packages helped spark the highest inflation in decades. The economy—especially consumer spending—was already well on the way to a full recovery and the additional stimulus overheated demand.”
The Biden regime took an economy on tract to a full recovery and in less than two years, caused a recession.
The Wall street Journal on September 29, offered a dose of reality for those that actually still trust liberal news outlets, headlining with “The ‘Sticky’ High Prices Unlikely to Come Down Any Time Soon.”
Americans struggling to adjust to inflation want to know when the rising costs of food, appliances and other necessities will come down. Yet prices for some items such as household furnishings and personal care products are “sticky,” economists say, and likely to stay high even when overall inflation levels off.
Here is the archive.ph link because the WSJ article is behind a paywall.
As an indicator of how desperately the MSM is trying to figure out how to spin the recession news, given the recent revisions by the government, Washington Post decided to run with the “7 Ways a Recession Could Be Good for You,” spin.
FOOD SUPPLY CHAIN TAKES MORE HITS
Hurricane Ian has forced the closure of the largest fertilizer plant in Northern America, experts are warning us to expect a “spike” in grocery prices. Prices have already seen massive inflation over the course of the last two years, while the Russia/Ukraine war has already caused a supply issue with fertilizer, meaning more problems for the food supply chain.
With Hurricane Ian forcing the temporary closure of one of America’s largest fertilizer production facilities, food industry and agriculture experts are warning it could cause a spike in grocery store prices.
“There’s concern about storm surge, flooding, things that could impact land use, whether it’s for growing crops, whether it’s for fertilizer,” Morning Consult analyst Emily Moquin told FOX Business’ Jeff Flock Thursday, “and eventually those things to work their way into the ingredient costs and then work their way down through the system to the prices that we see in the grocery store.”
Some of the latest headlines that will be affecting consumers:
Those are just a small sample of the headlines being seen over the last week, all showing that the pain and suffering of Americans at the grocery store, is going to continue to get worse, with no light being seen at the end of the tunnel.
Read more at: AllNewsPipeline.com