What recession? July job’s report destroys expectations

[Schiff for Senate]

I'm sure this will not stop pundits and members of the press though from continuing to wishcast a recession into fruition.

There is certainly a complex economic situation going on right now (which is expected after a global pandemic), but it certainly does not seem like a recession.

Agreed.

[Schiff for Senate]

I'm sensing a pattern:

H.W. Bush: Jobs collapse
B. Clinton: Jobs rebound
W. Bush: Jobs collapse
Obama: Jobs rebound
Trump: Jobs collapse
Biden: Jobs rebound

And you can also insert "deficit explodes" and "deficit decreases".

Especially ironic given that Republicans are the ones who portend to be 'deficit hawks' and attack Democrats for their 'irresponsible spending' or whatever they call it.

[Schiff for Senate]

I'm sensing a pattern:

H.W. Bush: Jobs collapse
B. Clinton: Jobs rebound
W. Bush: Jobs collapse
Obama: Jobs rebound
Trump: Jobs collapse
Biden: Jobs rebound

And you can also insert "deficit explodes" and "deficit decreases".

Especially ironic given that Republicans are the ones who portend to be 'deficit hawks' and attack Democrats for their 'irresponsible spending' or whatever they call it.

I know OSR has his 'Carter let the military deteriorate' argument for the Reagan deficit explosion but what about the Bush and Trump explosions?

Bush's was obviously because of Iraq, but I'm not even entirely sure how Trump managed to expand the deficit so much.

[Schiff for Senate]

I'm sensing a pattern:

H.W. Bush: Jobs collapse
B. Clinton: Jobs rebound
W. Bush: Jobs collapse
Obama: Jobs rebound
Trump: Jobs collapse
Biden: Jobs rebound

And you can also insert "deficit explodes" and "deficit decreases".

Especially ironic given that Republicans are the ones who portend to be 'deficit hawks' and attack Democrats for their 'irresponsible spending' or whatever they call it.

I know OSR has his 'Carter let the military deteriorate' argument for the Reagan deficit explosion but what about the Bush and Trump explosions?

Bush's was obviously because of Iraq, but I'm not even entirely sure how Trump managed to expand the deficit so much.

The tax cuts and then the Covid stimulus spending.

I suspected the 2017 tax cuts played a role in it, but I forgot to the COVID spending. In Trump's defense regarding the latter, the COVID spending was something even Democrats strongly supported, and it really wasn't a partisan deal.