If Trump were president, the media would have announced the official recession months ago. Except that if Trump were president, we wouldn’t be in this predicament.
I love when Democrats claim that under Democrat presidents the economy is better. While statistically this is true, it neglects to tell the real truth. Republicans generally inherit crap economies from Democrats and Democrats vice-versa.
Trump gave Biden a big beautiful economy, and Mexico didn’t even pay for it. In less than two years, Biden managed to screw things up so badly, that now his party is almost ready to admit they cheated to get him in.
Let’s state the obvious. We are officially in a recession. And this recession is 100 percent the fault of the Democrats in control of their puppet president Joe Biden.
After all the lies about inflation, Team Demento finally admitted what was obvious to all Americans: inflation is massive. And much more than was being reported.
As recently as a few days ago, Biden told Americans to get used to inflation. He has no fix for what he created, and we no longer buy the idea that inflation is Trump’s fault, Putin’s fault, Wuflu’s fault, and so on. So now we need to just “get used to it”?
Believe it or not, Biden denies that we are “headed towards inflation”; the watered-down language used by Leftists whose asses are on the line for supporting Biden. We aren’t headed towards inflation; we are smack dab in the middle of the worst inflation in decades.
In fact, the Federal Bank of Atlanta released a major red flag on inflation last week. The Fed announced that the U.S. economy just entered a general slow down of the economy or a recession.
The recession is official! Let’s see if somebody can explain it to Biden as if he’s a three-year-old.
For the second time in years, the U.S. gross domestic product (GDP) growth was negative. In the second quarter of 2022, the GDP fell to -1% based on available data for the current measured quarter according to the Atlanta Fed.
Anybody buying groceries, filling up their car, or dining out occasionally feels the impact of Bidenomics, and more specifically Bidenflation. And it’s worse than the reported 8.6 percent.
As for calculation, the Atlanta Fed uses the GDPNow model as an unofficial forecast to estimate the U.S.’s GDP growth. GDPNow is based on a similar methodology used by the U.S. Bureau of Economic Analysis. But no matter how you measure, the GDP is deflated, while inflation is understated.
“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.0 percent on June 30, down from 0.3 percent on June 27,” the Atlanta Fed reported. Those numbers are dismal; a true reflection of Biden’s presidency.
The midterms will showcase a real “Let’s go Brandon!” for Biden and the Democrats.