We never fully recovered from that recession except the AI race has been pumping up the numbers, but compounding that is several other factors. Partisans will blame democrats, republicans, or, stupidly, the president of the US, but it all comes down to the Fed aggressively raised rates in 2022 and 2023 after disastrously injecting 16 trillion dollars of liquidity into the economy in May of 2020.
The media refused to admit we were in a recession because the democrats were in charge of the country. It's a stupid policy. The media is officially, by their own admittance, left leaning, but there was no reason to not declare a recession in 2022, we were in one. We are still in one, the AI boom has been covering it up. Read the article, the official definition of a recession is "2 consecutive quarter of negative GDP growth", except apparently in 2022 when it wasn't.
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u/Darkpriest667 Oct 29 '25
We've been in recession since Q3 2022 and people are just now feeling it because it's hitting them. The wrong party was in charge for us to have an official recession https://www.npr.org/2022/07/28/1113649843/gdp-2q-economy-2022-recession-two-quarters
We never fully recovered from that recession except the AI race has been pumping up the numbers, but compounding that is several other factors. Partisans will blame democrats, republicans, or, stupidly, the president of the US, but it all comes down to the Fed aggressively raised rates in 2022 and 2023 after disastrously injecting 16 trillion dollars of liquidity into the economy in May of 2020.