President Joe Biden is opening a new line of attack against former President Donald Trump this week, flipping the script on the classic Reagan-era “Are you better off than you were four years ago?” question to remind voters of life during his predecessor’s tenure.
Whatever you want to say about reality, the poll from a couple of days ago pointing out how deeply unhappy young adults are makes this a pretty questionable way of trying to engage that demographic.
It’s a pretty bad tactic because while it may let you take credit for improving some people’s lives, you’re also giving tacit permission for those worse off to blame you for it. This only works if the majority of people are better off than they were four years ago and recognize that they are. That’s probably not a safe assumption when we’ve got record inflation and dipped close to, if not into, a recession. Just think of all the mass layoffs you heard about over the past four years.
The definition of recession didn’t changed. You didn’t know how it was defined, and you thought the layman rule of thumb definition was the official definition. When you learned how it’s really defined…did you say “wow, great I learned something new today.”?
No you said “it’s those pesky experts that are wrong!”
History? Not particularly a big fan. But not sure why that matters. I just pay attention and there was plenty of discussion in 2008 about how they define recession and depression because there was a lot of talk how we would know we were in the latter.
Whatever you want to say about reality, the poll from a couple of days ago pointing out how deeply unhappy young adults are makes this a pretty questionable way of trying to engage that demographic.
It’s a pretty bad tactic because while it may let you take credit for improving some people’s lives, you’re also giving tacit permission for those worse off to blame you for it. This only works if the majority of people are better off than they were four years ago and recognize that they are. That’s probably not a safe assumption when we’ve got record inflation and dipped close to, if not into, a recession. Just think of all the mass layoffs you heard about over the past four years.
Good thing they changed the definition of a recession, so we definitely aren’t in one lol. 😒
The definition of recession didn’t changed. You didn’t know how it was defined, and you thought the layman rule of thumb definition was the official definition. When you learned how it’s really defined…did you say “wow, great I learned something new today.”?
No you said “it’s those pesky experts that are wrong!”
Not a big fan of history?
History? Not particularly a big fan. But not sure why that matters. I just pay attention and there was plenty of discussion in 2008 about how they define recession and depression because there was a lot of talk how we would know we were in the latter.
I guess youre not a big fan of learning?
It was rhetorical, I know you’re not a history guy.
Paywalled, so I can’t read it. And I can’t get to via webarchive. You’re hiding your evidence, probably because you realize you are wrong.
But let’s see if you’re a learning guy.*
From an IMF paper in 2009:
There is no official definition of recession, but there is general recognition that the term refers to a period of decline in economic activity. Very short periods of decline are not considered recessions. Most commentators and analysts use, as a practical definition of recession, two consecutive quarters of decline in a country’s real (inflation adjusted) gross domestic product (GDP)—the value of all goods and services a country produces (see “Back to Basics,” F&D, December 2008). Although this definition is a useful rule of thumb, it has drawbacks
*lol we both know you won’t learn.
Lmao, are you joking?