Stats don't lie, Biden Administration has to admit we're in a recession
The Biden Administration wants to change the definition, but they must face the music: We're in a recession.
The metric by which we measure when we're in a recession is simply a consecutive period of two quarters of the fiscal year where the nation experienced a negative GDP ( Gross Domestic Product ) growth. This of course is precipitated by a sizable and systemic downturn of economic activity. Bad news for the incumbents when we're just a couple of months from possibly the most pivotal midterm election cycle of our lives.
Republicans, and preferably independents, should seize upon this opportunity to beat through the walls built by the news cycle's fixation on show trial nonsense and remind their peers in Congress that the economy means a whole lot more to voters than their staged Fedsurrection. Bad policy has been rampant since day 1 of Joe Biden taking office. I remember paying 25 cents more for a gallon of gas after just his first DAY in office when he killed the Keystone XL pipeline. Not too long after, the issuance of new oil and gas permits and leases were halted.
Now what do you think happens to gas prices when you literally cripple domestic supply production of a commodity? The price skyrockets.
Fossil fuels are the pillars upon which our society was built. It's unavoidable that we have to deal with them because these were the fuels that powered the industrial revolution, and it's not so easy to unglue your economy from what built it in the first place.
The precipitous effects fuel prices have on our economy very much create a butterfly effect. When fuel prices go up, truckers have to pay more to bring goods to stores. This means they have to charge more for each trip. This means that those receiving the goods for commercial sale have to raise their prices to offset the losses incurred by having to pay more for deliveries of goods.
This then means that you, the end consumer, get stuck with the bill. Add to this the rampant printing of money to cover the costs of the plandemic of the sniffles further increasing the money supply and sapping buying power as well. And when your dollar buys less than it used to, what do we call that? That's right - inflation. All because of a small handful of bad decisions at the top.
Greta Thunberg and Biden owe us all a tank of gas.
So where do we go from here? Well, it's going to be a painful climb back up the cliffside. But I will give some solid advice to the next generation coming up. Learn a skilled trade. I know it's unglamorous, but people always need HVAC technicians, plumbers, carpenters, electricians, mechanics, etc. All those jobs are 100% immune to the effects of recession because those services are always needed, without end.
Want to know the best part? You don't go into debt to get certified for these jobs. Average tuition fees can range from about $3,600 to $14,500 per year. Most trade school educations don't even last that long, depending on the field you're going into. And with the salaries being, on average, 50k and above in most sectors nowadays, you're going to pay that off in a couple of months of work at most, depending on how much it cost you. Beats humping it for 30+ years to pay off a student loan with a criminally high annual percentage rate, any day.
We've been down this road before, and we will go down it again. Just remember what those currently in power did to you when you go to vote in November.