The Biden recession | Washington Examiner
If that is true, it would be the first time in 75 years. “It’s rare for there to be two consecutive quarters of negative GDP without a recession,” the Washington Post noted recently. “In fact, George Washington University professor Tara Sinclair said the only time on record appears to have been 1947.”
It’s a pretty weak case, but it’s all the White House has. “We’re not going to be in a recession,” Biden said this week. “The employment rate is still one of the lowest we’ve had in history it’s in the 3.6% area. We still find ourselves with people investing. 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.”
The people should hope Biden is right. But they fear he is wrong.