On the recordJuly 27, 2022
One of the reasons and one of the focuses for tonight's presentation is I am just frustrated because of the silliness that not only has become this body but even when you listen to the White House, Madam Speaker. So the White House is terribly concerned that on Thursday we will get the latest statistics from the Bureau of Labor Statistics. I believe it is on second quarter GDP. GDP now is the Atlanta Fed calculator. It is a wonderful app if you want to look at it. It is basically saying: Hey, we may be negative, and when we were all in high school they said that two consecutive quarters of negative GDP, well, that is a recession. Technically it is not. Yes, there is a committee that decides it. That is what we argue about. Has this place lost its mind? So the press cycle becomes: Oh, are we in recession or not? It is not, technically. If it goes negative it will be a recession. But isn't this horrible that we are talking about this? Let's just pretend and stop worrying about it and actually let's try something unique. Could we actually talk about what is happening to people, what is happening to the country, what is happening to the budgets, the debt and the deficits, the actual thing that will either make or break society, which will make people's lives more miserable or more prosperous? Because right now we are in avoidance of all the big things. But we do have some great virtue signaling bills.…





