Biden Blames ‘Technical Factors’ For Economic Contraction

[mystery-ak]

Diana Glebova
Associate Editor
April 28, 2022 12:39 PM ET
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President Joe Biden blamed the economic contraction in the first quarter of 2022 on “technical factors” Thursday.

“While last quarter’s growth estimate was affected by technical factors, the United States confronts the challenges of COVID-19 around the world, Putin’s unprovoked invasion of Ukraine, and global inflation from a position of strength,” Biden said in a statement.

The national gross domestic product (GDP) fell at an unexpected annualized rate of 1.4% in the first quarter between January and March. In the fourth quarter of 2021, the GDP grew by 6.9%.

A Wednesday Gallup poll showed that 38% of adults rate the economy as fair, and 42% rate it as poor. Seventy-six percent of Americans said the economy was getting worse.

Nearly 40% of respondents in the poll said economic issues are the most important current problem in the U.S. Republicans were more likely than Democrats to cite economic issues as the top problem the country is facing, with 42% compared to 33%.

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https://dailycaller.com/2022/04/28/biden-blames-technical-factors-economic-contraction/

[LMAO]

OK so we can add technical factors as the excuse for his failing presidency

Blaming Trump didn’t work
Blaming Covid didn’t work
Blaming Putin didn’t work
Blaming white supremacy didn’t work
Blaming Republicans didn’t work
Blaming oil workers and meat producers didn’t work
Am I leaving anybody out?

[Kamaji]

Technically, it was Biden and the democrat party's economic policies.  That's the "technical factor" at work here.

[LMAO]

From the article….

“While last quarter’s growth estimate was affected by technical factors, the United States confronts the challenges of COVID-19 around the world, Putin’s unprovoked invasion of Ukraine, and global inflation from a position of strength,” Biden said in a statement.

Remember the grief John McCain got while in the midst of the financial meltdown in 2008 when he said the fundamentals of the US economy are still strong?

[Kamaji]

From the article….

“While last quarter’s growth estimate was affected by technical factors, the United States confronts the challenges of COVID-19 around the world, Putin’s unprovoked invasion of Ukraine, and global inflation from a position of strength,” Biden said in a statement.

Remember the grief John McCain got while in the midst of the financial meltdown in 2008 when he said the fundamentals of the US economy are still strong?

Yes.

[Fishrrman]

President Joe Biden blamed the economic contraction in the first quarter of 2022 on “technical factors”

Stopping the pipelines was a "technical factor".
Suspending petroleum leases was a "technical factor."
Accelerating the war on coal and natural gas was a "technical factor."
Passing enormous spending bills was a "technical factor."
Printing too much money was a "technical factor."
Shutting down the economy due to covid was a "technical factor."