Joe Biden and the Democrats learned some bad news.
This is the left’s worst nightmare come true.
Now Joe Biden heard the one word that will put Donald Trump back in the White House.
Joe Biden’s socialist agenda drove the American economy into a ditch and a recession.
The government announced the economy contracted by 0.9 percent in the second quarter marking two consecutive quarters of negative Gross Domestic Product (GDP).
Right up until the week it became clear the economy would shrink again the traditional definition of a recession that everyone – politicians, economists, the media, Americans – all accepted was two consecutive quarter of a shrinking economy.
But because this metric would guarantee Joe Biden – or whoever is the Democrat Party nominee in 2024 – would run in 2024 with a recession on the ledger the administration began a 1984-style propaganda campaign to gaslight the American people into thinking record inflation, painfully high gas prices, and two straight quarters of economic contraction.
When Jimmy Carter and George H.W. Bush ran for re-election after presiding over recessions Ronald Reagan and Bill Clinton trounced them.
America sinking into a recession on Joe Biden’s watch would allow Donald Trump to run an easy compare and contrast campaign asking voters to judge how they felt under “Biden-omics” versus the economic prosperity they experienced under Trump.
Following the news America entered a recession Biden actually released a statement claiming the economy is on the right path.
“Coming off of last year’s historic economic growth – and regaining all the private sector jobs lost during the pandemic crisis – it’s no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation,” Biden’s statement read. “But even as we face historic global challenges, we are on the right path and we will come through this transition stronger and more secure. Our job market remains historically strong, with unemployment at 3.6% and more than 1 million jobs created in the second quarter alone.”
The only way Biden can credibly claim the economy is on the right path is if the recession will help the Democrats achieve their goal of destroying the American economy, imposing socialist ideals and turning America into a one party state.
Later on in remarks at the White House Biden actually claimed legislation crushing Americans with hundreds of billions of dollars in tax increases while instituting the Green New Deal does not sound like a recession.
“Passing the CHIP bill is going to put another $72 billion dollars for incentives and tax credits to expand semiconductor production,” Biden added. “And the Inflation Reduction Act will add another $370 billion in clean energy tax credits in reconciliation, including incentives to accelerate domestic production of solar panels, wind turbines, batteries, and critical materials processing. That doesn’t sound like a recession to me. Thank you very much.”
Biden’s economic advisor Brian Deese accepted the definition of a recession being two straight quarters of negative GDP back in 2008 when George W. Bush was President.
Brian Deese, yesterday: “Two negative quarters of GDP growth is not the technical definition of recession.”
Deese, 2008: “Economists have a technical definition of recession, which is two consecutive quarters of negative growth.” pic.twitter.com/MzVk7drq3v
— RNC Research (@RNCResearch) July 27, 2022
Deese and every other Democrat is trying to gaslight the American people into not thinking they are living through a recession because the more the economy deteriorates, the greater the likelihood Donald Trump wins a second term.
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