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.
Despite this clear proof that Americans are now knee deep in recession, Joe Biden says no:
“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:
With the gaslighting carried out over the past week, the talking point is in and it’s time for everyone to repeat it:
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