Biden after meeting Summers this morning:
“No, I don’t think it is,” Biden said when asked if a recession is more likely than ever. “I was talking to Larry Summers this morning and there’s nothing inevitable about a recession.”
:yea:
I’m doing my part. :rat-salute:
5% joblessness? But at what cost?
Larry Summers needs a 100% headless rate to ease my blood pressure.
have they ever said this shit outloud and blasted it all over the media like this? if so is this another symptom of the coming U.S. collapse or the ruling class absolutely not giving a fuck? i’m making sure everyone i talk to knows what they are doing and why and it seems to be pissing people off
have they ever said this shit outloud and blasted it all over the media like this?
Its pretty prominent on business news sites. I’m sure if anyone actually watched CNN, they’d get a segment on why unemployment rates are too low. But I also think a lot of this goes in one ear and out the other, simply because the idea that the Federal Government has an impact on my personal life lives mostly in the realm of left-wing history and right-wing conspiracy.
I honestly question whether these Fed interest rate hikes are really going to do the kind of damage to the job market or downward pressure on inflation that they profess. Inflation isn’t being driven by wage growth its being driven by supply chain disruption. If wages fall due to inflation and supply chain disruption persists due to lack of infrastructure and labor investment, what is supposed to change?
We’ve got a Federal Government that seems to want to make Stagflation a public policy.
I truly wonder if it is desperation or complacency that makes them drop the mask completely. Like Larry Summers is a ghoul and has been his entire working life, but I don’t know if he ever was as explicit as this, even when he was working with committing classicide against the poorest people of Russia.
This is absolute nonsense, of course, but for the sake of the bit can we fire all cops first? How far does that get us?
