god bless america land of the free because of the brave

Not only is President Biden wrong in his assertion that we’re not in a recession, but his defense is a lie, because Biden’s Federal Reserve Chairman, Jerome Powell, is now saying openly that one of the intentions driving the Fed’s decision to continue to raise interest rates, now targeting a higher than expected 3-3.25%, is to increase the unemployment rate. “We are on the right path and we will come through this transition stronger and more secure,” Biden said, pointing to low unemployment and a large number of job openings. President Biden’s response? “It doesn’t sound like a recession to me,” he told reporters. Wall Street has historically defined a recession as two consecutive quarter declines in economic growth, which is usually measured by GDP. Gross Domestic Product (GDP) showed that America’s economy shrank by 1.6% in the first quarter of 2022, followed by a. Yet early this summer, Biden’s Treasury Secretary Janet Yellen admitted that her views were “wrong” and that she “did not fully understand” the effect that President Biden’s mega trillion dollar spending bills in Congress would have on a pandemic-struck American economy. One of the Democrats’ main arguments early on in support of the Biden economic agenda, was that inflation wasn’t a big concern and was “transitory” in nature. So why, despite being more vocal, is President Biden’s defense of the economy such a sham? Here’s why.

That sentiment echoes what are reportedly the top issues on the minds of voters: inflation, high gas prices, and the economy generally. That’s a remarkable thing to hear when 64% of voters think that America is on the wrong track, according to a Real Clear Politics (RCP) average of recent polls.

After a rough year of record-high 9.1% inflation this summer, record-high gas and food prices, skyrocketing rental/housing costs, and a national baby formula shortage, President Biden and Washington Democrats have shifted their messaging and are now trying to convince Americans that the economy is on the right track. As the nation inches closer to the 2022 midterm elections both parties are sharpening their messaging and honing in on what’s on the top of people’s minds.

God bless america land of the free because of the brave