Thursday, July 28, 2022

Okay, It's Official

 With 1st quarter GDP at -1.6% and 2nd quarter GDP at -0.9%, we are in a recission, regardless of what the Biden administration says about it.    As Glenn Reynolds points out:

The news is bad on the lack of trust. A recent University of Chicago Institute of Politics poll found that a majority of Americans think that the government is “corrupt and rigged against people like me.” . . .

Why do people feel that way? Well, that’s a real poser, but I’m going to offer a suggestion: They feel that way because they’ve noticed that the government is corrupt and rigged against people like them.

C'mon, Joe! It's a simple definition that has been taught in business schools for years. Admit it, and do something about it.  You asked for this job, remember? 

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