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Politics : Formerly About Advanced Micro Devices
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To: puborectalis who wrote (1185825)12/16/2019 11:34:40 PM
From: Sdgla1 Recommendation

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Forced by Reality – The Washington Post Cancels the Recession…
Posted on December 16, 2019 by sundance
In July and August the U.S. was heading into a recession according to the media. The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions. Things only got better.

The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing. The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse. Foiled again, it just never happened. Democrats have permanent frowns.

Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:



The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly eliminated the risk of a recession.

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