On 6/21/2022, White House Press Secretary Karine Jean-Pierre threw a wet blanket on fears of a looming recession hitting the United States, claiming that the situation is nowhere near as dire as it looks. In fact, according to the official WH position, things are quite the opposite and the US is poised to enter a period of “stable and steady growth,” Jean-Pierre predicted. “Right now, we don’t see a recession. We are not in a recession right now. Right now, we’re in a transition where we will go into a place of stable and steady growth, and that’s going to be our focus.”

Biden Admin does downplay supply chain, ballooning gas prices and inflation hitting unprecedented levels. For months, Biden, his officials, and members of the news media all sang the same tune: ‘inflation us temporary’ if it even exists at all. And the same is now being said about the impending recession.

On 6/20/2022, Joe Biden snapped at a reporter for asking about economists warning of a recession. Joe Biden took a talk on Delaware’s Rehoboth Beach Monday as Americans suffer under his disastrous presidency. Biden snapped at a reporter for daring to ask about the current/impending recession. “The majority aren’t saying that. Don’t make things up! OK! Now you sound like a Republican politician — I’m joking! That was a joke, that was a joke,” Biden said.

A group of economists surveyed by the Wall Street Journal said there is a 44% chance the US is entering a recession in the next year. The market is down and the GDP contracted this year. The economy declined 1.5% in the first quarter of 2022. The federal reserve last week announced a 75 basis point increase of the fed funds rate. Inflation rates and gas prices are at record highs.

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White House: “We don’t see a recession” happening. Biden: “The majority aren’t saying that. Don’t make things up!”