NPR Already Running Cover For The Upcoming Recession
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Biden's response to a Trump recovery ... remove the recovery!
They're running cover for the economic damage that was already done by the COVID unemployment policies, not upcoming damage:
Ask anyone in a recruitment role; most companies want more people, but can't find anyone to hire. It's not surprising hiring has slowed right before unemployment benefits expire, because those who are still "collecting" this late in the game won't feel any motivation to find a job until the money stops. I'm sure plenty have been disincentivized from ever getting a job too, and won't reenter the workforce anytime soon.
The shortages and supply-chain disruptions blamed for long product lead times should be evidence enough that demand far outstrips supply (good news for the economy). But who wants to work when the government will give you money for free?
I actually heard someone IRL suggest that we open the border to let in millions of immigrants because they will do the jobs that lazy white Americans won't. I almost snapped. Communists are sabotaging our labor market by redistributing our wealth in the form of Monopoly money, and then their solution to this self-imposed problem is accelerating demographic destruction. Makes a man's blood boil.
If that was the case then what to do with the lazy white Americans that won't do the jobs? Are they still supposed to have a place to live and food to eat despite doing nothing?
I started doing a part time job delivering pizza in the evenings my full time job. As is common, there aren’t enough workers, but this really is a question of raising wages to meet supply. A lot of companies these days only think that labor supply and demand only works in their favor, and a lot of companies exploited the labor demand after the 08 recession. It’s an artificial labor shortage caused by the unemployment benefits, but nonetheless, it is still something the market needs to respond to adequately.
Inflation and housing are already higher than 2008 and at a faster rate. There is 100% going to be a depression/ rescission in the next 5 years with a bailout. Why else would banks and investment firms be buying houses at premium?
Yes, the great reset has always been about crashing the smaller businesses. We’ve already seen about 40% of small businesses destroyed, and they’re now pushing massive loans on “poc” small businesses. Every single method that was used to cash out on the last housing bubble is being reimplement on an even larger scale.
Let it collapse? I'm certain they'll try to push it back but there's no way they can stop reality from eventually crashing in on them. The collapse is coming, it's just a question of when.