This Is Why You Can't Trust Politicians
Dumb Money w/ Matt Kohrs
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Dumb Money w/ Matt Kohrs
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#Biden #Recession #Stocks
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Is crazy i hope there's nothing below you because your jaw is about to to hit the ground. If things are going so great. Though then why is it white house officials are trying to redefine recession. No we're not redefining recession.
If we all understand a recession to be two consecutive quarters of negative gdp growth in a row and then you have white house officials come up here to say no no that's not what a recession is it's something else how is that not redefining recession. Because that's not the definition. Because that's not the definition. This shit is so funny that is not the definition said in 2008 of course economists have a technical definition.
Which is of a recession. Which is two consecutive quarters of negative growth. I can tell you this they said two consecutive two negative quarters of gdp growth is not the technical definition of recession. It is not it is not why did he say that it is not i can i can speak to i can speak to you to what he said yesterday in front of all of you which is the last thing that you just repeated there are many factors there are many factors economic factors and indicators to consider and i will say that the textbook definition of recession is not is not two negative quarters of gdp.
We have a strong labor market uh. We are not changing the definition of recession. Yeah. But previously you said a recession was this and now.
It's different. Yeah. Yeah is we're not using that anymore. We're doing this thing.
Where we change something. But we totally didn't change. Something that was a minute and 12 seconds. The fact that you can so hardcore contradict yourself and borderline 60 seconds gone in 60 seconds like i'm surprised they didn't bring a nicholas cage for this one complete contradiction complete contradiction.
I love it it's actually super sad that people in such positions of power. And like this is the bullshit that plays out and then they're acting like we're just so dumb and like won't catch them and won't understand it i don't know that it's such like a douchebag mentality. It's such an elitist mentality. It's so fucking wild.
It's just becoming a political tool. Right now. If you cannot see the writing on the wall that this everything that's going on even with this like inflation relief. Thing that they're trying to vote on right now and doing all this stuff with money like it's all political tools.
It's what can we do to spin a particular narrative and how can we use taxpayer dollars to make people. Like me. So basically they're using the full country's money to basically buy votes really it's like okay. And i'm referring to the things that they're passing last night.
And this morning these like this inflation relief bs it's using pac taxpayers dollars to make a certain subset happy in the attempt that they'll vote for you it's buying votes like it's in the same league of college debt forgiveness whether you agree with it or you don't it it's paying for votes like it's like okay. This is a strong voter group. They're on average on the younger side. So we think we can get them to vote for us for a while so it's paying for votes. We'll use tax payer dollars. And we'll forgive whatever debt x. They're going to be happy. They'll vote for us you're paying for votes.
It's all a political tool. Now which is sad because it's all about how do we get reelected. How do we get elected opposed to like what's actually best for the economy. What's actually best for society.
What's best for culture. What's best for so many other things they're worried about keeping their motive of power. They want their hand on power this entire time the best part. Though is the virtue signaling of like no we're so good like we're doing everything for you don't worry about it you're too dumb to understand.
But like we got the wheel. It'll be a okay don't worry about it that's my favorite part. My that's my absolute favorite part is this entire time whether you're right left in the middle. I don't care if you're a politician.
It's all of it like no no no no i am more moral than you i am more smarter. I'm more smarter. I'm more intelligent than you all this that's their attitude. And it'll just continue and continue and continue.
To try and twist the defiinition of recession seems rediculous on the surface. In actuality it doesn't matter what the administration or anyone else officially calls it. It's really how each of us are doing that is the ultimate communal conclusion. I suspect we are seeing these crazy gyrations because the stakes are incredibly high for the midterms. If democracy was not under threat I doubt we would see this much of a pretzel twisting effort. We've never seen it before in our history so I suspect that is what's driving it.
Even the blacks now or phony.. What money can do to people to change them… Wow!!
Anyone still waiting for the promised student loan forgiveness? I'm sure it's coming soon! haha
LOL I'll take their money and not vote for them because this is scum
Great summary, sadly nothing new though!
This is insane
Best Video you have ever done
So after some polling, none of us seem to have any actual evidence regarding the definition of a economic recession or that any evidence of an attempt to change that definition (whatever it may be) but yet we are all so sure that we know the definition AND that biden tried to change it. That sort of cognitive dissonance just isn't healthy. We are claiming to know truth, but can't even describe what it would look like when asked. This community was always a little zany, but this is legitimate orwellian dissonance in action. Very eye opening video Matt, ty. I didnt ask for it, but I did need it apparently.
Idiocracy
I love your content
OMG – did any of yall actually trust any politician?????? What is their job? I don't trust Joe by any stretch but look at what Donnie did. Tough to get around the election cheating. (also his real estate scam effed a family member so I have first-hand info on how crooked he is.) I have a tendency to vote for the one that lies the least, and had no heel spurs!
i hope you (voters) are sick of all their shit
She's always looking at her blank notes just like Joe stares off into space
It's not a recession because they still want to spend another 700 billion of our tax dollars that we don't have on build back broke BS.
the textbook definition is more complex than an over simplified explanation given 14 yrs ago? This is such a nothing story its depressing watching people buy into it hook line and sinker. Who cares if we call it a Pinata Party? You think you aren't falling for a lie by taking a side, but the taking a side is falling for the lie because either outcome is meaningless. Pinata Party or Recession, what you call it does not matter – something about a Rose by any other name and smelling just as sweet comes to mind. this is embarrassing to watch matt.
You are quite correct sir.
Fax machine!!!!! 100 percent spot on bro!!
So we are in a recession because she said they didn't change the definition.
"So we're in a recession." "No." "But the definition of recession is this." "No its not." "But it says it verbatum." "That's not what recession is." "So, you're changing the definition?" "No." "Then we're in a recession." "We are not." "But the definition of recession is this." "That's not the definition of recession." "So, you're changing the definition?" "We are not."
FJB, FKH, FNP
buuut the strong labor market! 🙂
I can see the fact checkers next election. Was there a recession. False. It was a recession but then we changed the definition of a recession so clearly it was not a recession.
The Nicolas Cage reference got you a like on this video 🤣
Fuck them
thats what they do with everything… unemplyment change the data let people drop off the list… cpi change what items and exclude stuff where are the peaceful aliens to help us learn to be honest and decent as a race…..
Lying scum – people working in white house.
wow icsnt stand them! we are at war with the dems
A recession isn't a recession
FJB!!! FJB!!!