this post was submitted on 01 Aug 2023
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GenZedong

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Kept seeing this clip of Barry Sternlicht laughing about a “nice little recession” so I thought I’d share.

For what it’s worth, this isn’t the first time I’ve heard someone hoping for a recession. My stepdad told me this and I don’t understand why he’d want that.

According to him the only way to combat inflation is for us to go into a recession. But wouldn’t that cause a different form of chaos?

I’m uneducated on inflation vs recession but I know for a fact through lived experience that inflation sucks, and I’ve heard recession is also shit so why ask for one?

Anyway if this doesn’t belong here please let me know so I can post it somewhere else, I’m still getting used to what posts belong in what communities.

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[–] 201dberg@lemmygrad.ml 26 points 2 years ago (10 children)

The US has been in a recession for over a year now. Based on the true inflation rate which has been in the double digits. The number they report is artificially lowered by changing what they use to calculate it. Jobs are getting harder and harder to find. All these ppl wanting a recession... It's been happening, those in power just don't want ppl to know so they feel safe and keep spending away and look at all the ppl around them loosing their jobs as just "down on their luck."

[–] SpaceDogs@lemmygrad.ml 22 points 2 years ago* (last edited 2 years ago) (9 children)

Okay, this is such an accurate observation. Because when I’m around my step-father, especially driving around with heavy traffic, he always complains about how “nobody wants to work” even though there are “plenty of NOW HIRING signs” he passes on the daily. He says this after I’ve explained to him many times how the hiring process in this day and age works and how employers aren’t nearly as desperate as they appear, this same man hates unions too. I think he just talks politics to me because he finds my reactions entertaining. I don’t know how to explain to people how a recession would be shit, economics have always been hard to understand for me. I live in Canada so maybe our situation is different but I know Galen Weston Jr. (Loblaws guy) has been making record profits on our suffering.

[–] CicadaSpectre@lemmygrad.ml 13 points 2 years ago (2 children)

Honestly thought you lived here in the US because how your stepdad acts is so relatable to dealing with most people down here, lol.

[–] Kultronx@lemmygrad.ml 12 points 2 years ago

Canadian conservatives don't really have original thoughts, they just copy America's notes lol.

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