Watch: Biden says U.S. 'not in a recession' despite two consecutive quarters of shrinking economy

FLASHBACK 2008: Nancy Pelosi, The ‘Technical Definition of Recession’ Is Two Quarters of Negative Growth

Another awful public appearance by President Biden. The Biden Administration believes that the American people are stupid, and hold them in total contempt. It’s horrible.

Watch below. #Trump2024!

What a disgrace… not just Joe, not just the democrats who are happy to see the US economy get battered to further their insane agenda, but also the MSM for their refusal to asks even the basic questions about this unmitigated disaster. https://t.co/KBHqqbjVy5

— Donald Trump Jr. (@DonaldJTrumpJr) July 28, 2022

Biden, on Monday, said the U.S. is ‘not coming into recession’

By Fox News, July 28, 2022

President Biden said the United States “is not in a recession,” despite Thursday’s GDP report, saying it is “no surprise that the economy is slowing down” amid inflation.

The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a recession as record-high inflation and higher interest rates forced consumers and businesses to pull back on spending.

Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of the data on Thursday. Refinitiv economists expected the report to show the economy had expanded by 0.5%.

AUTHOR

Geller Report Staff

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