Comments by "Debany Doombringer" (@debanydoombringer1385) on "Incoming Recession and Denialist Propaganda from the White House" video.

Hello person who didn't watch the video. Unemployment claims are already increasing. Most people have already burned through their savings. You're seeing all streaming platforms losing subscribers, ticket sales to leisure events dropping, etc. There has been zero job growth since 2020. We have not come close to to reclaiming the jobs lost from lockdowns. Labor participation, which was already low, is dropping further. As someone in the top 10% income bracket, we're having to cut back on spending. If I'm having to watch my spending what makes you think the other 90% aren't? Keep smoking the copium. Edit: The car market bubble just popped. The other bubbles will soon follow. There's global food shortages, but I guess an increase of millions starving to death means everything's fine to you. You don't cause an economic depression by talking about it. That's got to be the dumbest thing I'll see all day. A depression occurs when there is negative or no GDP growth for several quarters.
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It really didn't. Mainly because the economy was so strong going into it and Trump had already removed a lot of money from circulation. The last one combined with the infrastructure bill pushed caused about 5% of inflation. The Ukraine spending is what's pushing it higher and higher, and it's because we've enter an inflationary cycle. Had the interest rates not been kept artificially low, it would have helped prevent some of this. The requirement for the banks to keep 10% of their money supply in reserve and changing savings from not being factored into the money supply to being counted in it, isn't helping either. Edit: Those changes were made to make the economy look better than it was.
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There has been zero job growth since 2020. It's now caught up with the idiots claiming "record job growth". We seemed to understand that in 2008 when unemployment skyrocketed, but can't remember it now.
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