Posted on 06/16/2022 3:52:38 PM PDT by DFG
President Joe Biden said Americans are 'really, really down' amid record inflation and the fallout from the coronavirus pandemic – but said a recession is 'not inevitable.'
He made the comments in a 30-minute sit down interview – his first formal sit-down since February, when he spoke to NBC and called interviewer Lester Holt a 'wise guy' over his inflation comments.
This time, he said a recession is not inevitable and bristled at claims by Republican lawmakers that last year's COVID-19 aid plan was fully to blame for inflation reaching a 40-year high, calling that argument 'bizarre.'
He spoke to the Associated Press days after the Federal Reserve Board of Governors announced a 0.75 per cent interest rate hike, amid a volatile week on Wall Street and a correction that has erased gains built up during his tenure.
As for the overall American mindset, Biden said, 'People are really, really down.'
'They´re really down,' he said. 'The need for mental health in America, it has skyrocketed, because people have seen everything upset. Everything they´ve counted on upset. But most of it's the consequence of what's happened, what happened as a consequence of the COVID crisis.'
The interview signaled a new effort to get his economic message out.
In May, he lunched with New York Times columnist Thomas Friedman, but it was off the record.
(Excerpt) Read more at dailymail.co.uk ...
Sorry, Brandon, but you're a day late and about 6,000 Dow points short.
Bidung rode the short bus with the candy glass windows to school
Old coot
You entered into recession last week...
Which planet was President Retard coming from today - Uranus? 🤪
Because people are concerned about the economy they “need mental health”. He’s certifiable.
It’s all the Republicans’ fault.
hope all the useful idiot demoNcrat voters are paying attention to their president
those who voted for him need to repent
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.