• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Get ready for the Biden recession

Subieguy said:
try harder. The inflation we are seeing is caused by the Ukraine war, the booming economy, people flocking back to work and buying things, namely supply and demand. The Fed. is trying to slow it down, but too much could cause a recession.
Click to expand...
Inflation began before the war in Ukraine started. Its been over 5% for a year now and over 7% since December. As for the economoy, GDP actiually shrank last quarter by 1.4% so the economy isnt exactly booming. A recession is back to back quarterly declines. Will that happen? Who knows. But with prices rising and fuel gobbling up so much of peoples income, it is hard to imagine there wont be a reduction in demand at some point very soon.
 
Indlib said:
Abbot caused inflation at the border. Talk to him.
Click to expand...
This thread is about Biden. If you would like to start a thread about Abbot, go right ahead. Bringing up his name here is just a deflection
 
Fletch said:
Inflation began before the war in Ukraine started. Its been over 5% for a year now and over 7% since December. As for the economoy, GDP actiually shrank last quarter by 1.4% so the economy isnt exactly booming. A recession is back to back quarterly declines. Will that happen? Who knows. But with prices rising and fuel gobbling up so much of peoples income, it is hard to imagine there wont be a reduction in demand at some point very soon.
Click to expand...
Big increases in fuel prices tend to be followed by recession.
 
Fletch said:
Inflation began before the war in Ukraine started. Its been over 5% for a year now and over 7% since December. As for the economoy, GDP actiually shrank last quarter by 1.4% so the economy isnt exactly booming. A recession is back to back quarterly declines. Will that happen? Who knows. But with prices rising and fuel gobbling up so much of peoples income, it is hard to imagine there wont be a reduction in demand at some point very soon.
Click to expand...
Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.
 
Chainsawmassacre said:
Biden’s mismanagement of our economy along with his anti oil policies have led to inflation which is a triggering mechanism for recession. Rough road ahead for America.





"The consumer is challenged," said Megan Horneman, chief investment officer at Verdence Capital Advisors. "We started to see at the end of the year that consumers were turning to credit cards to pay for the rise in food prices, rise in energy prices, and that's actually gotten much worse... This is going to hurt those bellwether retail places and Walmart tends to be one of them."

www.cnbc.com

Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

Major retailer Target warned of rising cost pressures in its business right after Walmart, triggering the sell-off.
www.cnbc.com www.cnbc.com
Click to expand...
well yes.......But Biden is not to blame......as potus he can do things that help both inflation and recession in the short term but we are Capitalists.....peaks and valleys are a normal part of capitalism......this too will pass
 
Indydave said:
well yes.......But Biden is not to blame......as potus he can do things that help both inflation and recession in the short term but we are Capitalists.....peaks and valleys are a normal part of capitalism......this too will pass
Click to expand...
this seems to only apply when Republicans are President. LOL.
 
Chainsawmassacre said:
Biden’s mismanagement of our economy along with his anti oil policies have led to inflation which is a triggering mechanism for recession. Rough road ahead for America.





"The consumer is challenged," said Megan Horneman, chief investment officer at Verdence Capital Advisors. "We started to see at the end of the year that consumers were turning to credit cards to pay for the rise in food prices, rise in energy prices, and that's actually gotten much worse... This is going to hurt those bellwether retail places and Walmart tends to be one of them."

www.cnbc.com

Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

Major retailer Target warned of rising cost pressures in its business right after Walmart, triggering the sell-off.
www.cnbc.com www.cnbc.com
Click to expand...
Get ready for the Biden recession??? If you're not already ready...its too late because its here now!!!

Better start stockpiling food folks!!!
 
Subieguy said:
Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.
Click to expand...
Yes, and??
 
Subieguy said:
if we had gotten off fossil fuels, we wouldn't be having this problem.
Click to expand...
Well thats a dumb comment seeing as how cant now nor have we ever been able to 'get off fossil fuels.' Perhaps you might join us in the real world.
 
No, get ready for more moronic right wing taliban trolling and lies
 
Indydave said:
well yes.......But Biden is not to blame......as potus he can do things that help both inflation and recession in the short term but we are Capitalists.....peaks and valleys are a normal part of capitalism......this too will pass
Click to expand...
Biden made a bad situation worse.
 
Fletch said:
Well thats a dumb comment seeing as how cant now nor have we ever been able to 'get off fossil fuels.' Perhaps you might join us in the real world.
Click to expand...
its only dumb to the Cult. Reality is painful sometimes, if we would have gotten off oil and gas decades ago we wouldn't constantly be complaining about high gas prices? And please explain to me why subsidizing big oil is good, esp. now while they are making record profits.
 
There is definitely a global recession brewing.
 
Ikari said:
There is definitely a global recession brewing.
Click to expand...
BUT, right now the American consumers who are still buying like crazy , in spite of inflation are keeping the world economy afloat.
 
Subieguy said:
supply and demand. Duh.
Click to expand...
Supply and demand does not cause inflation. Supply and demand always exists yet we do not always have inflation. In fact, we have been in a deflationary cycle for over a decade. Inflation is the result of monetary poilicy.
 
A recession is very likely, blame for it has plenty to go around but that said Biden and Democrats in Congress have not helped the matter. At all.
 
You must log in or register to reply here.
Back
Top Bottom