"A recession means lower incomes. Means fewer people with jobs. It means people losing self esteem and connection with the labor force. It means families doing without. It means higher rates of depression; higher rates of divorce; higher rates of suicide... and it's not OK." - ThreadSky

justinwolfers.bsky.social • 6 days ago

"A recession means lower incomes. Means fewer people with jobs. It means people losing self esteem and connection with the labor force. It means families doing without. It means higher rates of depression; higher rates of divorce; higher rates of suicide... and it's not OK."

Comments

marccunat.bsky.social•6 days ago

Don’t forget about crime rates.

dirkvdberg68.bsky.social•6 days ago

The message we like, but the effects we can't give an unlike.

kalr123.bsky.social•6 days ago

I only saw you for the 1st time last week on @nicollewallace.bsky.social and you are so good at imparting economic reality in clear terms. Thank you!

drcanancaliskan.bsky.social•6 days ago

A recession is more than an economic downturn – it brings real hardships. It’s dangerous when leaders like Trump take risks – through trade conflicts, debt policies, and populism. We need forward-thinking policies that ensure stability, protect jobs, and maintain social cohesion.

joel.klebanoff.com•6 days ago

Of course, being on recession watch and putting aside a little for a rainy day increases the probability of a recession because it takes money out of the economy. Which is not to say it’s the wrong thing to do. Rain is in the forecast and it’s better to be prepared than drown in a deluge.

spatula8.bsky.social•6 days ago

10 of the last 11 recessions in the U.S. started under Republicans POTUSes... soon to be 11 of 12. Is it any wonder that the newest GOP talking point is "Recessions are GOOD"?

demlostntex.bsky.social•6 days ago

All of the pain you talked about is being inflicted by a president, and deliberately. That's what is so disturbing about it. What he's doing will not strengthen the country. Perhaps that is the real reason he's doing it.

hoon.bsky.social•6 days ago

Without a meaningful recession, unfortunately, this means the U.S. will never escape maga political dominance. Pick your poison

studentsdemocracy.bsky.social•5 days ago

Hoovervilles were shanty towns built during the Great Depression by the homeless in the United States.

They were named after Herbert Hoover, who was President during the onset of the Depression and was widely blamed for it.

flyme2damoon.bsky.social•6 days ago

davidjhouston.bsky.social•5 days ago

Thanks for highlighting the non-economic effects of a recession. This approach would be a more effective narrative than merely saying the "economy slows down" or "the economy contracts."

isailor56.bsky.social•6 days ago

rcopelander.bsky.social•6 days ago

And an increase in crime.

agastache.bsky.social•6 days ago

one tiny way to keep our heads up, watch wnba. 35 bucks for a league pass to watch all the kick ass women who are not afraid to stand for something.

atomicpopwi.bsky.social•6 days ago

It's the "demand destruction" Republicans promised was coming

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