Trump Delivers Devastating News
This isn’t good.
During Donald Trump’s Presidency the United States economy was in pretty good shape. Now that Biden has been in office America couldn’t be worse off and Trump’s team isn’t holding back their criticisms of President Biden.
Trump’s former chief economist for the Council of Economic Advisers (CEA) Casey Mulligan unloaded on President Biden and the White House for attempting to redefine the meaning of a recession.
According to Fox, Mulligan hit back at Biden and said, “It seems to me that the White House seems to be saying, ‘yeah, you’re working more and earning less, but at least you’re working more.’ I don’t understand the silver lining of that. We work in order to earn. That earning part is not going well.”
He then said, “That’s really the GDP. GDP combines both the labor income and capital income, but they tend to move together. We’ve seen it in the earnings data as well. Real wages, real earnings have fallen quite a bit just in the last month as well as over the last year.”
So far everyone from President Biden’s economic advisers Brian Deese and Jared Bernstein as well as Treasury Secretary Janet Yellen are all saying that a recession won’t happen. However, economic experts from both Trump and Obama’s administration believes a recession will happen.
Watch Biden say a recession won’t happen:
Biden: “We’re not gonna be in a recession in my view” pic.twitter.com/A9Y8TaQRhu
— Greg Price (@greg_price11) July 25, 2022
