This is a long video from Rick Manning but it’s interesting. The Biden Administration is trying to head fake us by redefining a recession. It’s not working.
The United States economy is officially in a recession with the past two quarters contraction being reported by the Department of Commerce’s Bureau of Economic Analysis. President Joe Biden today issued a statement declaring “the economy is slowing down” as the Bureau of Economic Analysis reported a 0.9 percent contraction in the second quarter Gross Domestic Product.
Most Americans already knew that the economy was in trouble due to the forty-year high inflation that has bloomed due to unnecessary federal government spending splurges since December of 2020, intractable supply chain issues that are exacerbated by a Transportation Secretary, Pete Buttigieg, who is more interested in his next hoped for job than the one he currently holds, and U.S. based multinationals obstinate insistence in having their supply chains dependent upon the Chinese Communist Party rulers of mainland China.
From ALG: “I am attending the annual meeting of the American Legislative Exchange Council (ALEC) right now. State lawmakers are getting an earful from their constituents about inflation and high gas prices.”
Meanwhile in DC
House committee says it will investigate NFL’s handling of Washington Football Team workplace culture probe. pic.twitter.com/0X5aeHUfGZ— Dan Graziano (@DanGrazianoESPN) October 21, 2021