The Biden regime is falsely claiming that the economy is on the right path even though it is obviously in horrible shape.
JUST IN – Biden's statement on the shrinking US economy: "We are on the right path." pic.twitter.com/ukQEN4YVBL
— Disclose.tv (@disclosetv) July 28, 2022
The economy is shrinking as a result of recent Fed interest rate hikes and other factors.
The U.S. economy shrank at a 0.9% annual rate last quarter. That marks a second straight quarterly decline in GDP—a common definition of recession. https://t.co/RC7swzQ6Qe
— The Wall Street Journal (@WSJ) July 28, 2022
The White House is lying about the technical definition of a recession in order to claim that there is no economic downturn. They are actually trying to redefine the technical definition of a recession to push their bullshit narrative.
Doocy: "Why are White House officials are redefining recession?"
Jean-Pierre: "We are not redefining a recession."
Doocy: "A recession is two consecutive quarters of negative GDP growth."
Jean-Pierre: "That's not the definition." pic.twitter.com/IpJkaxMVAS
— unusual_whales (@unusual_whales) July 27, 2022
The lies from these people just get more and more stupid. Regardless of all the numbers that are getting thrown around, everybody can see that the economy is not doing well. The cost of things people need like food and energy have gone up substantially. The Fed is hiking rates to try and contain inflation but is doing it in such a way where the hikes won’t bring down inflation but will definitely wreck the economy.
The economy has been in a massive bubble as a result of endless money creation etc.. I do not see how any of this can be sustained which means the lies we will see from the White House are only going to get increasingly more insane and ridiculous.
