Joe Biden on Thursday delivered remarks on the current recession in a meeting with CEOs across various sectors and industries.
Biden addressed the 2nd quarter GDP numbers that came in at negative 0.9%.
The GDP shrank by 1.6 percent in the first quarter of 2022.
The US economy is in a recession no matter what Joe Biden says.
Joe Biden put a new spin on the health of the economy after denying the US is in a recession.
Biden told the CEOs that the US 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,” said Biden.
He actually said this with a straight face.
After TWO consecutive quarters of NEGATIVE growth, Joe Biden says “slower” economic growth this year is “consistent with the transition to a stable, steady growth” #BidenRecession ⬇️ pic.twitter.com/HY9mC1KK0I
— Chad Gilmartin (@ChadGilmartinCA) July 28, 2022
Biden’s White House Press Secretary Karine Jean-Pierre echoed the same talking points on Thursday.
“We are in a transition,” KJP said.
🇺🇸 White House Press Secretary Karine Jean-Pierre denies claims that the US is in a recession, says "we are in a transition."
— Watcher.Guru (@WatcherGuru) July 28, 2022
Treasury Secretary Janet Yellen also obediently echoed the Biden Regime’s new talking points.
Yellen on Thursday said the US economy is “transitioning to a more steady and sustainable growth.”
— Yahoo Finance (@YahooFinance) July 28, 2022