USA 2020 Elections: Thread

[grarpamp]

This economic spin is only the beginning, wait until the
reporters learn that the USA is actually literally bankrupt
and start asking those hard questions...


Fed's Favorite Inflation Indicator Jumps To New 40-Year High, Savings
Rate Plunges
The Fed's favorite inflation indicator - PCE Deflator - was expected
to accelerate in June and both the headline and core increased
significantly (+6.8% YoY and +4.8% YoY respectively) - both higher
than expected. The headline print is the highest since 1982.


White House Resorts To 'Economy Doing Great Because It's Not Famine' Defense

https://twitter.com/TimRunsHisMouth/status/1552089311822102528
https://twitter.com/juliet_92009/status/1552677602099331078
https://twitter.com/Lifeandlibertyy/status/1552671480378339329

Doubling down on the Biden admin's peddling in fantasy that two
quarters of economic decline does not mean a recession, White House
economic adviser Brian Deese this week tried to argue that 'all is
fine' since Americans by and large aren't starving.

"I think that our economy is more resilient to the types of challenges
that we face," Deese said. "For example, with respect to food, we're a
net exporter of agricultural commodities. And obviously, the high
prices are hitting Americans very hard, but in a way that is different
from some places that are facing famine, for example."

    The White House's latest response to Americans not being able to
afford food with inflation is literally 'you're doing great because
it's not famine.' 🤦‍♂️

    FUCK THESE PEOPLE. pic.twitter.com/TXjuZeNIBH
    — Tim Young (@TimRunsHisMouth) July 27, 2022

"But I think if you look at the core elements of economic resilience,
the United States is better positioned," he added.

So now the White House is actually pushing the really you're doing
great because it's not famine defense while desperately attempting to
squiggle around and finely parse and redefine quite basic concepts as
recession.

"We are in that period of transition right now," Deese had said in the
Tuesday briefing, claiming further that the United States is "in a
stronger position than virtually any other country in the world."

...apparently because there's no mass starvation.

    Be grateful, America. You’ve got “excess savings” and lunch meat.
And, we’re not facing a famine. Vote Democrat! @POTUS @BrianDeeseNEC
@SecYellen @econjared @PressSec https://t.co/59xdkcC1vK
    — Juliet 🎯 (@juliet_92009) July 28, 2022

Deese then straight-faced repeated his talking point that "two
negative quarters of GDP growth is not the technical definition of
recession. It's not a definition that economists have traditionally
relied on."

    1. "inflation isnt coming"
    2. "Inflation isnt that bad"
    3. "Inflation is just transitory".
    4. "Inflation is caused by corporate greed"
    5. "Recession isn't coming"
    6. "Recession isn't as bad as famine"
    7.

    Do you see the pattern yet?
    — Anarkissed💋 (@Lifeandlibertyy) July 28, 2022