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1. 🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Saturday, 11-May-2024 12:59:11 JST 🇺🇲 watson :dealwithit:

   2) Bash: Secretary Yellen, who has the job you once had said this week that, quote, There is nothing to suggest a recession is in the works. Do you agree with that?

   Summers: No, I don’t.

   Bash: You think a recession is in the works?

   Summers: I think when inflation is as high as it is right now and unemployment is as low as it is right now, it’s almost always been followed within two years by inflation, by recession. I look at what’s happening in the stock and bond markets.

   • 🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Saturday, 11-May-2024 12:59:07 JST 🇺🇲 watson :dealwithit:

     in reply to

     The left’s abandonment of the working class is epitomized by a plan to take school lunches away from the poor in order to push an LGBT agenda. https://thefederalist.com/2022/06/13/the-left-has-chosen-to-prioritize-sex-over-solidarity-with-tragic-consequences/

     #DemocratsPolicies
     #democratsUtopia
     #leftism

   • 🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Saturday, 11-May-2024 12:59:08 JST 🇺🇲 watson :dealwithit:

     in reply to

     Democrats claim they don’t support defunding the police.
     Here is 7 minutes of Democrats saying, “DEFUND THE POLICE!”
     https://twitter.com/RNCResearch/status/1532514337792851969

     #DemocratsPolicies
     #democratsUtopia
     #DefundThePolice
     #RefundThePeople

   • 🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Saturday, 11-May-2024 12:59:09 JST 🇺🇲 watson :dealwithit:

     in reply to

     5) But Summers also said during the CNN interview that “banana Republicans” are linked to our current economic woes.
     “If you can’t trust the country’s government, why should you trust its money?” https://twitter.com/CNNSotu/status/1536001384805548033

   • 🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Saturday, 11-May-2024 12:59:09 JST 🇺🇲 watson :dealwithit:

     in reply to

     6) Well, we’ll give him points for trying to get back in the good graces of his Dem pals, but this is nonsense and he knows it.
     https://twitter.com/LHSummers/status/1535996740121382913

   • 🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Saturday, 11-May-2024 12:59:10 JST 🇺🇲 watson :dealwithit:

     in reply to

     4) But I think the optimists were wrong a year ago in saying we’d have no inflation, and I think they’re wrong now. If anyone’s highly confident that we’re going to avoid recession.

   • 🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Saturday, 11-May-2024 12:59:11 JST 🇺🇲 watson :dealwithit:

     in reply to

     3) I look at what’s happening in the stock and bond markets. I look at where consumer sentiment is. I think there’s certainly a risk of recession in the next year. And I think given where we’ve gotten to it’s more likely than not that we’ll have a recession within the next two years. That is something we can manage. We’ve had them for the whole history of the country. We need to be prepared and to. Respond quickly. If and when it happens.