We are heading for a depression or recession.

[Johnny2X2X]

12. Consumer spending is the whole deal

Now it is down and slumping, but I couldn't find evidence it has dropped 14 straight months. But consumer sentiment is at all time lows and that effects spending significantly.

Joe Biden built the best economy for working people in my lifetime (born in early 70s). The media crapped all over it so much that even most democrats don't know how good it was. Joe Biden actually created conditions in the US where the bottom 50% saw more gains than the top 10% both in real dollars and as a % of net worth.

The media hated Biden, think about Jobs Reports
Actual headlines from some of Biden's job reports vs for Trump's latest:

"November Jobs Report Is Another Big Miss For Joe Biden" Added 210,000 jobs November 2021.

"the actual number came in at a dismal 266,000" April of 2021

"Another big miss for Biden on jobs." January of 2022 when we added 466,000 jobs.

Actual headline from Trump's latest job report.

"The Blockbuster jobs report showing we added 115,000 jobs."

That's what we're up against, the corporate media who has an agenda that is anti worker and anti middle class.