Biden Goes Full Recession Denialism

a recession. Folks. The Biden recession is real. It is here. Meanwhile, Democrat Joe Mansion of West Virginia decides to bail the Democrats at the last minute with a massive spending and tax splurge or tax and spend splurge. This is not a surprise. Anybody who could stomach being called the Democrat these days has to be slippery as Mansion is. We will discuss what is in this and much more, my friends. So it's it's a busy day here. Oh. The China situation,

Pelosi maybe going to Taiwan. China is very upset about this. What's going to be done about it? Is you going to go interesting stuff? To be sure? If you're if you ever thought about being a real estate investor, listen up. You got to do it the right way. You got to know where to start, right. I didn't know where to start until a few years ago. I met my

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Done for you Buck dot Com to begin your real estate investment journey today. And now we have the FED share Jerome Powell out there saying after we get the negative GDP number for the second quarter. Here Jerome Powell is saying, look, the Fed doesn't make judgments on these things. The Fed doesn't make a judgment on that. You know, we're focused on the dual mandate and using our tools

to achieve maxim employment and price stability. We don't we don't say there is now a recession that kind of thing, so that that wouldn't be something we do. What a recession really is, it's a broad based declient across many industries that you know that sustained for more than a couple of months, and there are a bunch of specific tests in it, and it just doesn't This doesn't seem like that. Now, what we have right now doesn't seem

like that. And the real reason is that the labor market is just sending such a signal of economic strength that it makes you really question the GDP data. But again, that's not a decision that we that we make, and we won't. We won't reach a conclusion one way or another one that no, this is not it's not my fault. You know our aventure, I know what I'm doing. We've done great things. Sure, or we knew inflation was coming, Oh wait, no, we didn't. We knew a recession was coming.

Oh wait no, we didn't. Not Now we're just going to it's not a recession. Stop believing your lying eyes and ears they tell you things are better than you think they are. That's quite a pitch going into the midterms. Things are actually not better then you think they are there real Brian Deese out there now, the bag Dad Bob of economic theory, Bagdad Brian you could call him.

We don't want to devolve into the recession labeled debate, but I do wonder do you eventually expect the NBR to the player what we're in a recession or we're certainly in a transition and we are seeing slowing as we all would have expected. But I think if you look at the full data and the type of data that NDR looks at, virtually nothing signals that this period in the second quarter is recessionary. Nothing signals except the biggest thing that can signal that it's a recession, which

is GDP growth, which is negative for the second quarter. Yeah, folks, this is what happens when you make the wrong decisions at the macro level of the economy. This is not surprising. They spend too much money, the COVID lockdown and print money. Money machine goes b That was a bad idea, a bad idea. It was the wrong thing to do, and it was pushed by Fauci and the Libs. And we need to understand that there is cause and effect here.

There is cause and effect. You can't just print money without print money and lower your economic productivity while you're printing more money or putting more money into circulation via the banks, and then expect it all to be the same, then everything's going to be just fine. In fact, it is madness for them to consider it as such. So important, friends,

important that we see what is going on here. But ultimately, to my democrats wanted to keep power and not wanting to be held accountable for being so crappy at their jobs. That pushes them more than anything else. Need you remember that? But Joe Mansion, speaking of keeping jobs? People who was Virginia. I don't know what you're doing voting for this Mansion guy. I don't understand why you vote by over twenty points for Trump as a state, But Joe Mansion is your guy.

West Virginia is a red state. Joe Mansion is your senator. I know he's been there a long time, knows the game. But I'll explain what he's doing here at the moment when Democrats are just about to be in a political route, he throws them a lifeline. Throws them a lifeline. Not good. My friends will talk about it. If you're like me, you're a big believer and you're right to bear arms. Seventy two million Americans say they're firearm owners. In twenty one,

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Oh boy, now we've got mansion deciding to step in here and bail out the Libs. Senator Joe Manchin has reached a deal with Chuck Schumer on a bill that they say reduces the national debt investion energy. It's an inflationary bill that they're calling anti inflationary. This is what

they've been reduced to when it comes to the delusions. Okay, it is going to make the problems we have worse, but it slashes around a whole lot of cash to the people that some of the folks in the Democrat Party want that cash to go to, and so that's where we are. It's ridiculous. The bill would invest that means spend invest is their nice word for spending taxpayer dollars in energy climate programs over the next ten years. And a three hundred and sixty nine billion dollars in

those programs. That's a lot of money even by federal government trips. Three hundred sixty nine billion, you know, three hundred billion or three hundred billion there really starts to add up after a while, doesn't it. And three hundred billion to reduce use the deficit. They say, oh, so it's paid for. How is this going to be paid for. This is what they're going to tell you. Oh, okay, it's gonna be paid for by raising taxes on corporations.

What a surprise. Now there'll be a fifteen percent corporate minimum tax, but there'll be some loopholes in that minimum tax to help out the corporate buddies that Democrats like. Of course, two hundred and eighty eight billion empowering Medica to negotiate lower drug prices. That's one thing they say they're going to get a lot of savings from. This is the one that really should get your attention, though. One hundred and twenty four billion dollars from stronger IRS enforcement.

You ready for your IRS examination. They're gonna put on a rubber glove for it. It's not gonna be good, folks. This is what they're doing to get all the cash. They're gonna be turning you upside down, shaking out your pockets. One hundred and twenty billion dollars the IRS is gonna take from the American people by just uniting more people. This is what Democrats did. By the way, they're not going to get audited Democrat senators, right, No, of course not.

And the people that are Nancy Pelosi's not gonna get audited. She's gonna engage in trading on an information advantage because she's just rapaciously greedy, as is her husband. But they're not going to get audited. You your business, you might get audited. It though, too bad, not paying enough, not working enough hours for the governments that I can spend your money on welfare, Medicaid and Ukraine war. You know, there's a lot of things that you look at. He say,

where's your money all going? What are the big drivers of the debt and so much of it. We've effectively got a trillion dollar welfare state in this country when you add it all up. They don't like talk about that, and I don't like to talk about it. So this is where we are friends, Joe Mansion at the last minute, and this is something else you should note abou at this.

The Senate Republicans said they would only pass the chip bill if the other if the spending bill was gone, like off the table within hours of the Senate Republicans passing the CHIP subsidy, which you could argue, maybe that's a good thing for the long haul for US national security and competitiveness and chips. I mean that's the argument they're making. But it's a lot of spending. It is a little bit on the inflationary side. As soon as they got that vote on what do you think? What

do you think Democrats did? Oh yeah, that understanding that we had, that's really just more of a guideline. They went back pressured Mansion. Mansion probably knew this is what he's going to do all along. He got his cut of the pie for his state. He's just gonna buy off the people of West Virginia with some of the slush fund that he's just approved. That's the whole game here, and they make the problems worse. This is what democrats do.

Speaking of making the problems worse, Nancy Pelosi supposed to go to Taiwan. This puts us in quite a situation. There's been rumblings of China taking a military response to this. I don't think that's a good idea. That would be provocative. What does the military response mean? Does it just mean they're going to fly planes over Taiwan's airspace again while Pelosi's landing there, or people have said even more extreme measures. The problem is that now the Pelosi has made this public,

if she backs down to China. It looks like China calls the shots about US foreign policy with a third in charge for the presidency, right third in line for the presidency. So what do we do? China's economy is a mess. They've handled COVID horribly. They just locked down I think in Wuhan Province again because of some asymptomatic cases. They've completely lost their minds over COVID. Over there the beginning, Fouci's like they're doing it the right way. Yeah, if

you want to live in a gulag. Oh boy, Anyway, what's gonna happen with China? I don't know. But do you think there's been a better time for the ultra nationalist commies to grab or I should say, the you know, ultra commies to grab Taiwan and under Biden's watch. I can't think of one. I'm soloed in the radio show, so be sure to tune in. I got three hours, so a lot of buck on the podcast of the Clay and Buck Show. Today, Clay's playing golf out in Bedminster,

so check out the pot. I know this one's a little short today, but the longer form podcast of the Clay Travis and Bucks Exton Show, it's gonna have three hours of Bucky talk to you, then Shield Tie