Biden’s Shaky Recession Prediction: No…I Don’t Think So…Maybe A Slight One | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Tim Meads.

    Based on President Joe Biden's track record of failed predictions, it would appear a deep recession is incoming.

    On Tuesday evening, Biden joined CNN's Jake Tapper for a game of softball sitdown interview and was asked, "Should the American people prepare for a recession?"

    Biden's response didn't imbue much confidence.

    "No..." he said before finding his words, "Every six months they say this ... There is no guarantee that there's going to be a recession, I don't think there will be a recession, if there is it will be a very slight recession, that is we'll move down slightly."

    The president then tried to wave away concerns about America's economy by saying the rest of the world has it worse - as if that somehow should bring the American people comfort.

    "Look, think about what's happened. We're in a better position than any other major country in the world economically and politically."

    As The Heritage Foundation's John Cooper said, "In about 10 seconds, Joe Biden goes from 'we won't have a recession,' to 'it will be a slight recession,' to 'hey, our economy sucks less than everyone else's!'"

    It's brutal to watch.

    Of course, the reality is that we are currently in a recession.

    The U.S. has experienced two consecutive quarters of negative economic growth. The third quarter gross domestic product report comes out at the end of October and preliminary reports say it could show growth - which would end the recession.

    Yet that doesn't mean the economy is doing well or that the president is right in his prediction.

    On Monday, JP Morgan Chase CEO Jamie Dimon predicted that three factors - runaway inflation, interest rate hikes, and the war in Ukraine - could plunge the U.S. into a recession in the coming year.

    "These are very, very serious things which I think are likely to push the U.S. and the world - I mean, Europe is already in recession - and they're likely to put the U.S. in some kind of recession six to nine months from now," Dimon told CNBC.

    Contrary to Biden's response feigning confidence, Dimon also advised that it was really unpredictable how long a recession could last.

    "It can go from very mild to quite hard and a lot will be reliant on what happens with this war," he added. "So, I think to guess is hard, be prepared."

    Of course, Biden is also the same guy who claimed that the Taliban wouldn't take over Afghanistan as quickly as it did. He also predicted that inflation had peaked in December 2021. He earnestly argues that he brought down the cost of gas despite it being up more than a dollar since he took office. He was also caught flat-footed by a baby formula crisis that had been brewing since "last year," according to at least one of his cabinet officials.

    In other words, empirical evidence (and common sense) proves that Biden doesn't really know what he's talking about - on anything, let alone predicting a recession.

    The views expressed in this piece are the author's own and do not necessarily represent those of The Daily Wire.

poll#132

Considering that Joe Biden is considered by so many to be the Imposter President: Is he actually knowledgeable enough, wise enough, patriotic enough to be this Constitutional Republic's president at this difficult point in these tumultuous times?

  Yes, Mr. Biden is thoughtful and kind, and just so different from the "Orange Man".

  No, this representation of "president" is either too corrupt, too stupid, or both to be a real president.

  I just want the fun guy, who knew how to make stuff work back.

670 total vote(s)     What's your Opinion?

poll#154

Inarguably, the policies of the Democrats in congress and Joe Biden as the Executive is plunging the United States into a recession, if we are not already there; a recession that was completely avoidable. Will abrupt changes in policies occur in time?

  Yes, the Democrats have a bold plan, yet to be revealed, to save us.

  No, there will have to be a complete undoing of the damage done by these Democrats.

  I can't do simple math, so how am I to understand the concept of basic economics.

1,216 total vote(s)     What's your Opinion?

poll#162

In what may be the most divisive period in modern American History, even more divisive than the turbulent sixties due to today's lack of patriotism, consider what are the major catalysts causing so much of this calamity of conflict, and vote: What most instigates the division of America, on this day September 20, 2022?

  Racism within our society

  Sex realignment to the detriment of our society.

  Biden /Harris Wide Open Southern Border Policy for the Demographic Upheaval of OUR Constitutional Republic

  Rampant Crime in Democratic controlled cities, and the possible contagion elsewhere

  Covid Pandemic, and its mishandling at the political, and bureaucratic levels.

  The unresolved questions /allegation regarding the flawed 2020 General Election

  January 6th Riot or "Armed Insurrection", depending upon patriotic perspective

  Joe Biden as Divisive Leader; Ineffective and Corrupt Executive

  Failed Education Industry, from an overall perspective, regarding all levels of education.

  Propagandistic Media in complete conflict with the First Amendment's guarantee of Freedom of Speech, and the awesome responsibility of a Free Press..

  "Orangeman Bad!"

  Bureaucracy rushing to a behemoth size, its unjustified expense, and far too often overreach.

  The Weaponized Deep State for political purposes

  A secular ambivalence to all that is real.

  Record number of overdose deaths from opioids and now Fentanyl

  Biden Administration's disastrous Foreign Policy

  Bidenflation /supply chain failure inevitably evolving into stagflation and recession.

  "Ultra MAGA Extremists" freely speaking louder AND LOUDER!

927 total vote(s)     What's your Opinion?