Archive for the ‘economy’ Category

By John Ruberry

“The fliparoo theory of PolitiFact is now confirmed,” Dan Bongino said early in his July 28 podcast, “The fliparoo theory is this: If a fact-checker, airquotes, PolitiFact, says something is true it is probably false. If PolitiFact says something is false it’s probably true.”

Which means, of course, that we are now in a recession. PolitiFact, in a piece written by propagandist Louis Jacobson entitled, “No, the White House didn’t change the definition of ‘recession,'” he fact-checked a claim that originally came from an Instagram post. In seemingly 10,000 words, meant to overwhelm low-information voters, Jacobson ruled that statement false.

Jacobson is wrong, he’s gaslighting us. We are in a recession.

And Jacobson is not alone.

The Biden White House, led by the embarrassment of a press secretary, Karine Jean-Pierre, has been redefining “recession” for at least a week. For decades, the generally accepted definition of a recession has been two successive months of negative GDP growth. In the first quarter of 2022, the American economy shrank by 1.4 percent, and it contracted by 0.9 percent in the second quarter. These are facts. 

“However, the two-quarter threshold cited in the Instagram post has never been official,” Jacobson said in his so-called fact-check. “It’s more like a rough guide,” he continued, “one piece of a complicated puzzle.” Translation: the wise and oh-so-brilliant Jacobson is right, and you are a semi-literate yokel for accepting the commonly agreed upon description of a recession. 

In another overly long fact-check, Newsweek’s Tom Norton, another hack apologist, also ruled “false” the claim that the Biden White House is redefining what a recession is. “Furthermore, the White House website doesn’t have a dictionary or catalog of all political terminology and jargon it uses (that is the case for other governments, such as those of the UK and Canada, too),” Norton offered. 

Wow. I’m convinced. Not.

In Norton’s Newsweak–or is it Newspeak?— fact-check, Norton quotes Secretary of Treasury Janet Yellen, who, by the way, was wrong about inflation being “transitory,” that it is really up to a secretive private organization to determine a recession. Who knew? “There is an organization called the National Bureau of Economic Research that looks at a broad range of data in deciding whether or not there is a recession,” she revealed.

Another fact-check fabulist, the Washington Post’s Glenn Kessler, appears to be on vacation so he hasn’t weighed in on the leftist-induced recession debate. Three years ago, while fact-checking Donald Trump, Kessler wrote, “A recession is two quarters of negative economic growth.” But Joe Biden wasn’t president then.

Another prominent (along the lines of someone having an ugly prominent nose) fact-checker, USA Today, also hasn’t recently given its opinion on what a recession really is. Oh, what’s this? In a 2020 fact-check USA Today informed us, “A recession is generally defined as two consecutive quarters of declining GDP, or gross domestic product, a monetary measure of the market value of all the final goods and services produced during a specific time period.”

But on the other hand, Snopes is bowing to the Democrat Party mantra about recessions. Referring to a couple of social media messages, “The tweets quoted above may give readers the misleading impression that the Biden administration literally tried to revise the criteria economists use to determine when a recession has occurred. But that was not the case,” Bethania Palma chimes in for Snopes.

It is the case. Snopes is lying.

Here are some media talking heads talking not too long ago, based on who I see here and the chyrons, using the classical definition of a recession, in a montage compiled by the Media Research Center. You know the, you know the thing, as Biden likes to say, two consecutive quarters of declining GDP growth. C’mon man!

But, assuming briefly we are not in a recession when will we be in one? The Biden administration won’t say. Is it a recession when we have three successive quarters of declining growth? Four? Five-and-a-half?

Or will it be a recession only when there is a Republican president?

Dan Bongino is right. The fliparoo theory of “fact-checkers” is now confirmed. 

John Ruberry regularly blogs at Marathon Pundit.

Question: What is the one thing in common about the constant stream of bad economic news produced during the Biden Administration and the constant stream of good economic news produced during the Trump Administration?

#unexpectedlytm of course,

Because imagine for one second how bad the national economic numbers would be if you didn’t have DeSantis’ Florida bringing up the averages, to wit:

That being said I still prefer Trump in 2024 and then DeSantis in 2028-2036. After all let’s not pretend that the moment Trump is not longer a POTUS possibility that any GOP candidate who is up against a Democrat will not be treated as “Worse than Trump” by the media, the left and all those “principled” conservatives whose prime principle is to make sure the left keeps paying them.

Oh and any GOP candidate who thinks the left won’t try and steal an election from them, is too naive to run for president.

(oh and while I’d hold off on DeSantis for pres a 2nd Trump admin should be all means poach Christina Pushaw to be the White House spokesperson.

By John Ruberry

Now that New York’s Bill De Blasio has been term-limited out of office, America’s worst mayor is Lori Lightfoot of Chicago.

This week Lightfoot will announce she is running for a second term, from an unusual location, Chicago’s West Side, a largely overlooked part of the city, except in regard to violent crime. At her side, according to Fran Spielman of the Chicago Sun-Times, will be three West Side aldermen, each of them black. 

Chicago’s candidates for mayor will face off in a late February election. If none of them receives 50 percent of the vote, the two candidates who tallied the most votes face off in an April runoff.

In his most recent Chicago Way podcast, John Kass, as he interviewed former Chicago Public Schools CEO Paul Vallas, spoke of racial politics, which has plagued Americas’ third-largest city for decades. “Lori Lightfoot has gone from presenting herself as an agent of change,” the former Chicago Tribune columnist remarked, “to an able practitioner and player of the race card.”

A year ago, to mark the two-year anniversary of her inauguration, her office sent invitations to reporters for one-on-one interviews with a restriction–only reporters of “color” were requested.

But Lightfoot has another joker card up her long sleeve, the gender card. Last week, in what you would think should been an opportunity to offer a message of healing and unity–kicking off Pride Month–Lightfoot is a lesbian by the way, she and Governor JB Pritzker dedicated Chicago’s AIDS Garden. It was at that event where she dismissed criticism of her turbulent three years as mayor by her opponents.

“Another day, another man who thinks he can do his job better than me,” Lightfoot said.

As America’s worst mayor, there are plenty of men–and women–residing in Chicago who can do better. 

Crime has skyrocketed since Lightfoot moved into the fifth floor of City Hall. In 2019, according to Hey Jackass, there were 603 carjackings reported in Chicago. Last year there were 1,848. In 2021, AP reported, there were 797 homicides, 299 more than in 2019. 

Apologists for Lightfoot will blame the COVID-19 epidemic, but Chicago’s lockdowns were among the nation’s most severe. Infamously, in August of 2020, on the same day Lightfoot cracked down after a large group violated her ridiculous ban on entering the expansive Lincoln Park on Chicago’s beautiful lakefront by dispatching a heavy police presence there, looters that night mowed through the city’s Loop and Magnificent Mile shopping areas downtown. Those areas were still recovering from the late May riots after the murder of George Floyd. This led to a continuing exodus from that area that includes the Gap, Disney, and Macy’s. It will take decades for Chicago to recover from what another blogger, whose name escapes me, called “the Night Chicago Died,” referencing the 1970s pop hit by Paper Lace

The Loop, the Magnificent Mile, and the immediate surrounding area is the driver of Chicago’s economy. The rest of the city is simply along for the ride. 

The retail departure hasn’t escaped Paul Vallas’ attention. “I used to say a number of years ago,” he said in that Kass podcast, “when I ran [for mayor] last time, that Chicago was Detroit with a thriving downtown–now I can’t even say that.”

Back to the lockdowns. Lightfoot all but sanctioned the large outdoor celebrations in Chicago after Joe Biden was declared by the media the winner of the 2020 presidential election, which occurred a few days before she issued new lockdown orders in time for Thanksgiving–on top of the others that were already in place.

I wonder if knowledge that two years later gasoline would double in price would have muted those flash mob gatherings?

To be fair, Chicago and its Cook County suburbs are burdened with a Soros-funded politician, State’s Attorney Kim Foxx, who is more of a woke social worker than a prosecutor. Lightfoot on occasion has spoken out against Foxx, but her criticism has been guarded. Foxx, a Democrat like Lightfoot, is of course best known for the special treatment she gave since-convicted race-hoaxster Jussie Smollett. Foxx deserves some blame for the fall of Chicago too, as does another wokester, Timothy C. Evans, Cook County’s chief judge.

Will Chicagoans reelect America’s worst mayor?

UPDATE June 7:

In a video that was released today, Lightfoot officially announced her reelection effort.

Yesterday, Lightfoot bizarrely attacked Kim Foxx, who she endorsed for reelection in 2020 in what should have been a tough Democratic primary for the radical prosecutor. “Given the exacting standards that the state’s attorney has for charging a case, which is proof beyond a reasonable doubt – when those charges are brought, these people are guilty,” the mayor said, but quickly adding, “and of course they’re entitled to a presumption of innocence.” Some more back story: Foxx is the former chief of staff for Toni “Taxwinkle” Preckwinkle was Lightfoot’s runoff opponent in the 2019 mayoral election–she’s a leftist too.

John Ruberry regularly blogs from suburban Cook County at Marathon Pundit.