Real gross domestic product (GDP) had a second consecutive negative quarter and government data showed it down -0.9 percent. This was actually an improvement over the first quarter, which was down at -1.6 percent. But since it marks the second consecutive quarter of negative GDP, it meets the commonly held definition of a recession in … Read more
The corporate media “gatekeepers,” i.e., the New York Times and the Washington Post, are really failing the American people with their both-siderism model of editorial opinions, what Fox News used to laughably advertise itself as “fair and balanced.” There is right and wrong. How about we try that for a change? The Washington Post employs … Read more
In 1984, Ronald Reagan began his reelection campaign with his Morning In America television campaign ad. It was a successful attempt to gloss over his dismal economic record. Reagan’s Recession: The deepest post-World War II economic downturn occurred in the early 1980s. According to the accepted arbiter of the economy’s ups and downs, the National … Read more
Update to A ‘Biden Boom’ And The Corporate Media Is Parroting GQP Gloom And Doom Propaganda. The corporate media is complicit in recklessly feeding self-fulfilling inflation psychology with hysterical reporting on inflation, by reporters most of whom never even took an Econ 101 class in college. They know not of what they speak, so they … Read more
Donald Trump liked to claim that “Before the coronavirus pandemic, the United States had ‘the greatest economy in the history of our country.’” Yeah, that was total bullshit, and Politifact rated it as “false” at the time. Donald Trump’s dubious statement about presiding over ‘the greatest economy’ in history (excerpt): Growth in the nation’s gross … Read more