top of page

Biden’s Recession Talk Shrinks Logic

What’s difference between an economy that “shrinks,” “shrank” & “shrunk”? Not much. Yet, Biden insisted US economy is just “slowing down” AFTER the USA’s GDP SHRANK .09% in Q2 after SHRINKING 1.6% in Q1. So, it SHRUNK, no?


As the WSJ and anyone but a Democrat in need of a shrink noted, “the US economy shrank for a second quarter in a row – a common definition of RECESSION – as businesses trimmed their inventories, the housing market buckled under rising interest rates, and high inflation took steam out of consumer spending. Still, there was ‘ol Joe addressing the nation to say it’s “no surprise that the economy is slowing down” and reiterated how great the unemployment numbers look.


Right. A president can slow down RECESSION by rewriting Webster’s Dictionary. What next? Joe’s winning, wins or won the Ukraine War against Putin?


Davd Soul


Comments


Featured Posts
Check back soon
Once posts are published, you’ll see them here.
Recent Posts
bottom of page