(Summit News) As data officially confirmed that the U.S. experienced a second consecutive quarter of negative GDP growth, Joe Biden and his various advisors all directly denied the reality of a recession and claimed the economy is “transitioning” to become “strong and stable”.
The 0.9 percent shrink came on the heels of a 1.6 percent in the first quarter of 2022.
CNBC reacts to the U.S. economy shrinking by 0.9% in the second quarter: “OH MY GOSH!” pic.twitter.com/tnjlLBNZpZ
— RNC Research (@RNCResearch) July 28, 2022
Former Obama economic advisor Austan Goolsbee: “If you’re explaining [recession] you’re losing”
“It’s not gonna be a comfortable place for the [Biden] administration” pic.twitter.com/bH5UB2CyuI
— RNC Research (@RNCResearch) July 28, 2022
Despite this clear proof that Americans are now knee deep in recession, Joe Biden says no:
Joe Biden again claims “we’re not in a recession.” pic.twitter.com/7dcGm239eO
— TheBlaze (@theblaze) July 28, 2022
“Chairman Powell and many of the um, uh, significant banking personnel and economists say we’re not in a recession,” Biden said.
Instead, Biden claimed that the U.S. is just transitioning to stable, steady growth.
“Now there’s no doubt that we expect growth to be slower than last year… but that’s consistent with a transition to a stable, steady growth and lower inflation,” Biden ludicrously stated:
Joe Biden says the U.S. is transitioning to “stable, steady growth”
The U.S. economy is in a recession. pic.twitter.com/vzL8qxOHYM
— RNC Research (@RNCResearch) July 28, 2022
Joe Biden says it “doesn’t sound like a recession to” him, then he flees without taking any questions.
The U.S. economy shrank the last two quarters. pic.twitter.com/7381IYRkOZ
— RNC Research (@RNCResearch) July 28, 2022
With the gaslighting carried out over the past week, the talking point is in and it’s time for everyone to repeat it:
Biden Treasury Secretary Janet Yellen claims today’s GDP report indicates “an economy that is transitioning to more steady and sustainable growth.”
The U.S. economy has shrunk for two quarters in a row. pic.twitter.com/WQg5vE0awF
— RNC Research (@RNCResearch) July 28, 2022
BIDEN TREASURY SECRETARY: “Our economy remains resilient.”
We’re in a recession. pic.twitter.com/C1FE5HZSLE
— RNC Research (@RNCResearch) July 28, 2022
U.S. Treasury Secretary Janet Yellen on Thursday spoke about the latest #GDP figures and her belief that the economy is transitioning toward steady, sustainable growth. pic.twitter.com/WI9w24YCbE
— Yahoo Finance (@YahooFinance) July 28, 2022
🇺🇸 White House Press Secretary Karine Jean-Pierre denies claims that the US is in a recession, says “we are in a transition.”
(via @TheView) pic.twitter.com/sqmVK7uhk0
— Watcher.Guru (@WatcherGuru) July 28, 2022
