Free Republic

National Economic Council Director Brian Deese on Sunday downplayed some economists’ fears of an impending recession, arguing the economy can persevere through ongoing interest rate hikes that aim to curb rising prices. Speaking with Margaret Brennan on CBS’s “Face the Nation,” Deese instead described the economy as in a state of “transition” after President Biden said on Thursday a recession was “not inevitable.”

Tough stuff from Team Serpenthead. What’s a president to do when he can’t run on the idea that America’s better off now than it was four years ago? Simple. Run on the idea that America will be better off four years from now if it gives him another term. 2008: The future is now. 2012: No, wait, we mean the future is now. Hope and change — they’re always a day away. What is clear from this fresh look at public consciousness on the economy is how difficult this period has been for both non-college-educated and college-educated voters – and...

DNC Chair Debbie Wasserman Schultz insisted to CNSNews.com yesterday that “anyone’ can see that the economy is improving and sought to interpret what Pres. Obama really meant when he admitted Monday that Americans were not better off today than four years ago. “Well, what President Obama said was that certainly since the collapse of Lehman Brothers, that Americans are not better off,” Wasserman Schultz told CNSNews.com. “That was specifically the president’s comment. I thought. And I think anyone who looks at the economy knows we have come a long way.

Call it the "Rodney Dangerfield Recovery." It gets no respect from any quarter. Republicans pound away at its weakness, Democrats lament it, the media chronicles its troubles, investors fret about it, and many average citizens question whether it even exists. Polls show many people believe the economy is still in recession or getting worse. (Snip) "The labor market does continue to improve, despite a national pessimism," said Ward McCarthy, an economist at Jefferies & Co. The problem is growth in jobs and the economy overall is so sluggish it is "trying the patience of policymakers and the millions of unemployed