Biden says US not in a recession despite
two consecutive quarters of shrinking economy
Fox Business,
by
Brooke Singman
&
Megan Henney
Original Article
Posted By: NorthernDog,
7/28/2022 2:02:18 PM
President Biden said the United States "is not in a recession," despite Thursday's GDP report, saying it is "no surprise that the economy is slowing down" amid inflation. The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a recession as record-high inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of
Reply 1 - Posted by:
Namma 7/28/2022 2:04:58 PM (No. 1231226)
Biden also said he won the election. With the most votes EVER For a person running for office. He says 81 million. Do you believe that?
11 people like this.
Reply 2 - Posted by:
tivey6301 7/28/2022 2:05:29 PM (No. 1231227)
Standard Operating Procedure - change the definition to fit your current situation.
10 people like this.
The Big Guy also says:
Covid shots prevent Covid
Printing money lowers inflation
He had no involvement in Hunter's crooked business dealings
Trump colluded with Russia
Etc.
27 people like this.
Reply 4 - Posted by:
GoodDeal 7/28/2022 2:10:49 PM (No. 1231236)
We are in a time where truth is false, black is white, right is wrong and a recession is not a recession. Next is depression. A recession is when a lot of people don't have a job and a depression is when you don't have a job. Look forward to higher prices, food shortages, and a crash in the stock market and real estate market. All part of the UN Agenda 2030 and The Great reset. Defy don't comply! To stop this destruction and to save our country voter turnout is the only solution. God must be brought back into the family and community and at all costs, we must Make America Godly Again!
16 people like this.
Reply 5 - Posted by:
Blue Hen1 7/28/2022 2:11:46 PM (No. 1231237)
A few fries short of a happy meal
6 people like this.
Reply 6 - Posted by:
earlybird 7/28/2022 2:19:00 PM (No. 1231245)
That is what Prissy told Peter Doocy. She denied that the previous definition of Recession was accurate. She was adamant, shaking her curls. So...
5 people like this.
Reply 7 - Posted by:
jeffkinnh 7/28/2022 2:24:01 PM (No. 1231250)
This from a guy who shakes hands with people who are not really there and can't find his way around without the Easter Bunny showing him the way. He couldn't see a recession if it exploded in his face. And LOOK, it just did.
10 people like this.
Reply 8 - Posted by:
Rich323 7/28/2022 2:25:37 PM (No. 1231251)
We can’t be in a recession until the Big Guy gets his ten percent!
5 people like this.
Reply 9 - Posted by:
bighambone 7/28/2022 2:32:46 PM (No. 1231258)
Who believes anything that Biden utters these days?
6 people like this.
Reply 10 - Posted by:
Maggie2u 7/28/2022 2:38:42 PM (No. 1231261)
Oh, give it a few months, say around November 5th and then they'll declare a recession. Right?
4 people like this.
"It's 'no surprise that the economy is slowing down' - you elected me in 2020, right?"
2 people like this.
Reply 12 - Posted by:
deerejon 7/28/2022 2:45:43 PM (No. 1231266)
I think the so-called covid he had affected his brain worst than what it was before.He's living in LA-LA land.He just comes on TV and reads whatever they give him to read.He doesn't have a clue what is going on in this country.We are in a recession IDIOT.....
3 people like this.
Reply 13 - Posted by:
MickTurn 7/28/2022 2:46:11 PM (No. 1231267)
Leftists always LIE...if the facts don't fit their Narrative they change the definition of words...another LIE...to make up things to fit their narrative. Time to put these Scum in PRISON for LYING and causing harm to others.
2 people like this.
Reply 14 - Posted by:
Sanchin 7/28/2022 2:56:24 PM (No. 1231280)
Biden is a lying sack of excrement. Unfortunately, the US is full of idiots you will believe him.
2 people like this.
Reply 15 - Posted by:
24tea@Mag 7/28/2022 2:58:43 PM (No. 1231284)
Biden is in never never land.
3 people like this.
Reply 16 - Posted by:
BeatleJeff 7/28/2022 3:02:11 PM (No. 1231285)
Liars tell lies. It's what they do. And Brandon is a pathological liar.
3 people like this.
Reply 17 - Posted by:
JonR 7/28/2022 3:06:17 PM (No. 1231291)
For 50 years, Biden has been a pathological liar! Anyone believing that we are not in a democrat imposed depression is truly insane!
4 people like this.
Reply 18 - Posted by:
mifla 7/28/2022 3:16:29 PM (No. 1231304)
Biden says we are not in a recession.
Taxpayers say Biden is bought and paid for by China.
Hunter Biden is corrupt and belongs in jail.
2 people like this.
Reply 19 - Posted by:
TLCary 7/28/2022 3:35:15 PM (No. 1231319)
They claim the low unemployment rate magically alters the long-standing definition of "recession". There are fewer working people now than before COVID. The unemployment rate is low because it measures people who want to work but aren't. The workforce participation rate is way down. How is it that people being too fat, dumb and lazy to work equates to a healthy economy and outweighs the fact that it is contracting? Now let's raise interest rates to slow the economy that is already in a recession! BRILLIANT! There will be no economy left for Trump to rescue.
1 person likes this.
Reply 20 - Posted by:
Moritz55 7/28/2022 3:47:17 PM (No. 1231330)
His handlers probably threatened to deny him his ice cream if he didn’t deny there’s a recession.
1 person likes this.
Reply 21 - Posted by:
lakerman1 7/28/2022 3:54:24 PM (No. 1231337)
It's as if George Costanza were elected President.
1 person likes this.
Reply 22 - Posted by:
downnout 7/28/2022 4:16:20 PM (No. 1231358)
Thanks, biteme, but when I check out at the grocery store the receipt tells me you are a flaming liar.
2 people like this.
Reply 23 - Posted by:
snapper451 7/28/2022 4:26:46 PM (No. 1231365)
That’s like saying “it’s not hot here” when the temperature is 95 degrees and the humidity is 99%. Redefining things don’t make it right.
0 people like this.
Reply 24 - Posted by:
Urgent Fury 7/28/2022 4:47:25 PM (No. 1231381)
Enemedia: OK boss! Whatever you say!
0 people like this.
Reply 25 - Posted by:
DVC 7/28/2022 4:51:22 PM (No. 1231387)
More of the same endless lies.
0 people like this.
The extra $50/week we’re spending for groceries says differently.
0 people like this.
Reply 27 - Posted by:
rochow 7/28/2022 6:40:20 PM (No. 1231472)
Does anyone actually listen when this drip 'reads his idiot notes' off the prompter???
0 people like this.
President Vegetable Orwell speaks.
0 people like this.
Reply 29 - Posted by:
mifla 7/29/2022 5:34:31 AM (No. 1231679)
You can keep you doctor and your plan.
Abortion will be safe, legal, and rare.
I did not have sex with that woman.
Add it to the list.
1 person likes this.
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He's living in make-believe land. The economy should be booming right now, and continue to do so for years.