WOW! Biden’s White House Pushing Blatant Lies about the State of Economy – THEY WON’T TELL YOU THE TRUTH!
White House Press Secretary Karine Jean-Pierre pushed a bizarre claim which was a clearly desperate attempt by the administration to trick Americans into believing that Biden’s economy is much better than it actually is.
Jean-Pierre argued that the economy is “in a better place than it has been historically,” in response to pressure applied by Fox News correspondent Peter Doocy over a recent poll from The Wall Street Journal, which shows that 83% of Americans believe the economy is “poor or not so good.”
Jean-Pierre maintained the narrative that the economy has improved since President Joe Biden took office.
“What I’m trying to say to you is that the economy is in a better place than it has been historically,” Jean-Pierre said.
“And so, we feel, here at this administration and other experts as well… we feel that we are in a good position to take on inflation. We are in a good position to really start really working on lowering prices.”
In actuality, the United States economy contracted at a 1.5% annualized rate during the first quarter of 2022, according to the Bureau of Economic Analysis. A recession is technically two consecutive quarters of such contraction.
Meanwhile, gas prices have more than doubled since Biden became president with inflation also surging from 1.4% to 8.3% — a near four-decade high.
Top American businesses are openly expressing concern about the state of the U.S. economy and the coming recession. Companies like Microsoft and Tesla have initiated pauses on hiring or announced layoffs.
Even several Democratic economists have pushed back against Biden’s handling of economic policy.
“Corporate power is playing likely a very small role in the inflation that we’re seeing right now,” Jason Furman, a Harvard professor and former chair of President Barack Obama’s Council of Economic Advisers, told Bloomberg.
The economist was in essence rebuking Democratic claims that inflation is coming from greedy corporations price-gouging consumers.
Furman contended that the “primary solution has to come from the primary cause of inflation, which is demand is way too high” — an issue caused by massive fiscal stimulus pushed by Biden and the Federal Reserve.
Larry Summers — who served as Treasury Secretary under former President Bill Clinton and director of the National Economic Council under former President Barack Obama — sounded the alarm over soaring inflation way back at the end of 2021.
“If I thought we could sustainably run the economy in a red-hot way, that would be a wonderful thing, but the consequence — and this is the excruciating lesson we learned in the 1970s — of an overheating economy is not merely elevated inflation, but constantly rising inflation,” Summers said.
“That’s why my fear is that we are already reaching a point where it will be challenging to reduce inflation without giving rise to recession.”
Summers voiced concern over “secular stagnation” as a long-term threat to the United States.
“I’m really not sure what’s going to come after this current episode,” he said. “I’m certainly not confident that we’re going to have sustained excess demand for many years. The challenge is that we’ve pumped up aggregate demand now, and then who knows how we’re going to work our way through back to more levels of demand.”
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Biden can continue to LIE! But if his brain was more healthy he would SHUT UP! He know his policy are hurting the country! His administration is a kangaroo group of far left fools! It doesn’t take the media to push lies upon the people! PEOPLE SEE IT WITH THEIR OWN EYES! HEAR IT WITH THEIR EARS! You dumb leftwing just don’t get it! IF AMERICA ECONOMY DOESN’T IMPROVE THEN THE WORLD ECONOMY FALL TOO!
Lying about it will not fix it..That’s like putting a piece of tape over the light that says your gas tank is about empty in your card and saying its all good.
Liars, Liars, all of them.
well it is JOE Biden he could not tell the truth if he had too
BIDEN HAS LIED FROM THE START BEFORE HE WAS MADE FAKE PRESIDENT, HE HAS DONE EVERYTHING THE DEMORATS TOLD HIM TO DO. HE CAN’T EVEN THING FOR HIMSELF. HIS SO CALLED WIFE KNEW HE WASN’T FIT TO BE PRESIDENT, BUT SHE LET HIM RUN ANYWAY . NOW WE ARE IN A MESS AND HE IS MAKING IT WORSE. THE WHOLE DEMORATS AND THE BIDENS SHOULD BE HELD ACCOUNTABLE FOR ALL THIS MESS. PUT IN PRISON WHERE THEY BELONG FOR LIFE. OUR REAL PRESIDENT TRUMP HAD US IN WORKING , KIDS WERE IN SCHOOL, CLOSED BORDERS, PIPELINE WORKING . GAS PRICES WERE LOW AND EVERYTHING WAS GOING GREAT. WE NEED OUR PRESIDENT TRUMP BACK NOW NOT LATER, might not have our country in 2024 , with this Ass BIDEN in charge now. GOD BLESS AMERICA , GOD HELP US ALL.
they keep saying inflation is 8%. if you think inflation is 8 %, you obviously don’t shop. they say gas has doubled. a gas station that closed in 2020 near my house says $1.84. the station next door says $4.59. that is a bit more than double. if you lie about inflation, all other calculations are suspect at best. figures don’t lie, but liars figure.
When Karma comes back around, Biden and his press mouthpiece are going to be bitten very hard. I, for one, plan to laugh at them.
The incompetence of this administration is astonishing. This should signal the end of the Democratic Party. No one can trust them. In just over one year Biden has completely ruined the economy. Democrats have spent us into inflation. The don’t have good sense. When they get in office the only thing they know how to do is spend and tax. Huge message to voters but this administration will hurt us for a long time.
THE BIDEN CARTEL LIES ABOUT EVERYTHING!
This is an stupid incompetent president you should be helping we the people, sad when no one does nothing about this corruption. why don’t they stop this bafoon it is because they are all un fit the judgment from the most high is coming all you wretches do is go after the truth to extinguish it .you are nothing that’s why I don’t vote. Deception.i will never relinquish my power into a trust with oath breakers who establish trusts,without the meeting of the minds. and your contracts are a lie with your legalese to protect you wretchs.we see all aspects of your evil how do you think you will be allowed to continue with your lies they have exposed your intentions.
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