Posted on 10/12/2022 6:44:08 AM PDT by Red Badger
President Joe Biden acknowledged Tuesday that there may be a “slight recession” looming, saying the U.S. economy may “move down slightly.”
CNN’s Jake Tapper asked Biden in an interview if “the American people should prepare for a recession,” given the rising gas prices and predictions from JP Morgan Chase CEO Jamie Dimon, who said in August there are economic “storm clouds” on the horizon.
“I don’t think there will be a recession, and if there is, it’ll be a slight recession, that is, we’ll move down slightly,” Biden told Tapper.
The president has repeatedly said he doesn’t think there will be a recession, despite there being two consecutive months of negative GDP growth over the summer, which meets the colloquial definition of a “recession.”
The White House has argued that the months of negative growth did not meet the “technical definition” of a recession, which, according to the National Bureau of Economic Research, is a “significant decline in economic activity that is spread across the economy and that lasts more than a few months.”
“The employment rate is still one of the lowest we’ve had in history. It’s in the 3.6 [percent] area. We still find ourselves, the people, investing,” Biden said in July.
“My hope is we go from this rapid growth to a steady growth. And so, we’ll see some coming down. But I don’t think we’re going to – God willing – I don’t think we’re going to see a recession,” he added.
Biden spoke at length about foreign policy, specifically the Russian war on Ukraine. He also answered a question on running for a second term, saying he believes he “can beat Donald Trump again” and will go into the process of making his official 2024 campaign announcement after the midterms.
Biden said he has “no intention of meeting” Vladimir Putin at the upcoming G20 meeting and that the Russian president has committed “war crimes.” Biden would be willing to meet Putin, however, if he initiates the conversation and wants to speak about U.S. basketball star Brittney Griner, who has been detained by Russia for months.
He also appeared to backtrack on a comment he made comparing the current Russia-U.S. tensions to the Cuban Missile Crisis, saying that he doesn’t “think” Putin “will use a nuclear weapon,” but that it’s “very irresponsible” for him to talk about it.
Biden said Thursday that he thinks Putin is “not joking” about deploying nuclear weapons amid the war on Ukraine and that doing so would result in “armageddon.”
Thank you Mr. Obvious!
I thought we redefined the definition of a recession in that it will never occur while Bidet is in office.
The way he plans to handle it is to take more money from anybody who still has a source of income and give it to those “poor” “oppressed” people who are voting democrat.
That will intensify the recession, leading them to take more money from those working, ....... repeat until doomsday.
It’s possible that a woman could get slightly pregnant....
“Slight recession” means, “You proles will have to freeze and starve this winter, but don’t worry, me and my pals won’t miss a meal.”
Time to put the 25th Amendment into action. This is a great opportunity to not let it go to waste. Jo Jo has got to go.
We are in a recession now. We have been for a while. It’s really tiring to see that nobody wants to challenge the Democrat policy of defining away problems.
They just make up new definitions and say things no longer exist, and for the most part everybody just goes along with it. It’s really very creepy. Actually it’s extremely frightening.
Not a recession..
We’ll just call it..
“the Corn Pop Dip”.
These days, it’s possible that a man could get slightly pregnant....
“Slight Recession” will be replayed over and over during the presidential campaign.
Thank you, Captain Smith. You’ve already run your ship into the iceberg and are taking on water. Try not to back up and hit it again.
Well, he can only get slightly pregnant if he is actually a woman... :)
“It’s a beautiful thing, the destruction of words.”
― George Orwell, 1984
“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”
― George Orwell, 1984
“There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not mad.”
― George Orwell, 1984
“What can you do, thought Winston, against the lunatic who is more intelligent than yourself, who gives your arguments a fair hearing and then simply persists in his lunacy?”
― George Orwell, 1984
Followed by what economists call a sugar cone splat
Yes, like he has slight dementia.
Babbling imbecile. No surprise there.
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