Author Topic: Crisis what crisis? Joe Biden Says U.S. Recession ‘Not Inevitable’  (Read 396 times)

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Crisis what crisis? Joe Biden Says U.S. Recession ‘Not Inevitable’

Simon Kent 23 May 2022

Soaring food, gas, and rent prices, supply chain blockages, summer power blackouts, and inflation on the up. President Joe Biden chose to ignore these key economic indicators Monday when he blithely assured the nation a U.S. recession is “not inevitable.”

Biden used a press conference in Tokyo to say the U.S. economy has “problems” but added they were “less consequential than the rest of the world has” and nobody should panic while his administration held office.

“Now, does that mean we don’t have problems?” Biden offered, before answering his own question. “We do. We have problems that the rest of the world has, but less consequential than the rest of the world has because of our internal growth and strength.”

Voters have previously shown they do not share the president’s sunny optimism when they pinpointed a faltering economy as their key concern for the year ahead, as Breitbart News reported.

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https://www.breitbart.com/politics/2022/05/23/crisis-what-crisis-joe-biden-says-u-s-recession-not-inevitable/
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Offline Kamaji

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Maybe not, but stagflation is a sure thing.

Offline Wingnut

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That was a very good Super Tramp album.  Not so much for The Short Bus rider, Joe.
You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.