Because I am all about solutions, I noticed the great controversy over identifying what is a recession and what is not. And because I’m a giver, I offer the term “transcession” to describe a recession that doesn’t identify as one. Also, the sanctuary city that is whining about unauthorized immigrants coming to town.
President Joe Biden delivered prepared remarks touting the Senate’s proposed Inflation Reduction Act of 2022. He also said the economy doesn’t sound like it’s in a recession to him, before quickly exiting the room while ignoring reporters’ questions.
Answer: When Democrats need an economic win. We’ve long understood that a recession is two consecutive quarters of economic contraction – which we have. But with Democrat electoral prospects dim, the White House is trying to convince Americans they’re not in a recession.
In this hour, Joe Manchin caves on energy and heath care bill. People need to stop worshiping Donald Trump. Plus, America is officially in a recession.
In this hour, President Biden’s comments on inflation. Are we headed for a recession soon?