Is the US Really in a Recession? – Dave Ramsey Rant
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 12 August 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | brought to you by the every dollar app start budgeting for free today a cnbc princess article |
| 0:07.6 | is the u.s. in a recession of course we're in a political season so uh the republicans are saying |
| 0:13.2 | that the democrats have ruined the economy uh that's part of running for office about three |
| 0:18.4 | and five amer Americans think so. |
| 0:26.4 | By most measure, the U.S. economy is doing well, and yet many people would argue, |
| 0:30.2 | otherwise roughly three and five Americans believe that the U.S. is currently in a recession according to a new survey of 2,000 adults by a firm. |
| 0:34.3 | See, I don't understand. |
| 0:36.9 | All this means is you people, some of you they |
| 0:39.5 | are, freaking illiterate. Okay? Because a recession is not a feeling. |
| 0:49.1 | That needs to be your post of the day, Dave, which I know you spend lots of time contemplate. |
| 0:54.0 | There's an economics. |
| 0:55.7 | If you take economics, and if you're going to use words like recession, that's an economic term, |
| 1:02.2 | you should understand the definition of the word is two consecutive quarters of the gross domestic |
| 1:08.2 | product, which is the measure of all goods and services in the U.S. |
| 1:11.5 | shrinking. |
| 1:13.0 | If the economy recedes, shrinks by the measure of the gross domestic product, two consecutive quarters, |
| 1:22.0 | we are in a recession. |
| 1:24.8 | If it didn't, we are not. It's a math thing. You don't, one plus one, I'm not sure. I don't |
| 1:34.9 | feel like it's two. I'm not sure if it's two. And my feelings matter. I love the idea about the |
| 1:40.8 | question. My feelings matter. Even the question. The question is wrong. |
| 1:45.2 | What do you? Do you believe we're in a recession? You dumb, but, don't you know what this is? |
| 1:51.3 | It's you either is or you isn't. It's a math thing. Hi, this is John from the John Deloney show. Do you believe the sky is orange? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

