Now he says there is no recession, contrary to the very definition of recession as a two-quarter shrinkage in GDP and the deep suffering of Americans. Thus, if his prediction failure is consistent, we can be sure that the recession is here, and it will deepen over the next 13 months.

Thanks Joe and Zoe for the dismal policies of reckless spending and destruction of USA energy independence that have brought us here.

Sources:

• Reuters-Biden says inflation is temporary. https://www.reuters.com/world/us/biden-says-inflation-temporary-fed-should-do-what-it-deems-necessary-recovery-2021-07-19/

• Biden Insists There’s No Recession as He Confronts Latest Failures. https://www.nytimes.com/2022/07/27/business/biden-recession-us-economy.html