Biden Admits Defeat
We’re doomed.
After looking at the recent United States GDP report, President Biden finally confessed that the U.S. is heading for a recession. Biden shockingly admitted that it is “no surprise that the economy is slowing down” amid inflation.
Biden’s comments came just one week after he promised the American people that the United States was not going to enter a recession.
According to Fox, the United States economy shrank in spring for the second consecutive quarter. This fact alone meets the criteria for a recession however Democrats attempted to trick the American people by changing the meaning of a recession.
Gross domestic product shrank by 0.9% on an annualized basis in the three-month period from April through June. This came as a bombshell to economist because they expected the economy to GROW by 0.5%.
Biden angered Americans after he confessed and said, “Coming off of last year’s historic economic growth – and regaining all the private sector jobs lost during the pandemic crisis – it’s no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation. But even as we face historic global challenges, we are on the right path and we will come through this transition stronger and more secure.”
It’s no surprise? Really? A lot of Americans are very surprised Joe!
