White House Press Secretary Karine Jean-Pierre on Thursday absurdly claimed the US is now “economically stronger” than we have been in history.
Inflation rates are at 40-year highs, the GDP shrank last quarter and gas prices are through the roof.
Don’t believe your lying eyes.
Biden Press Secretary Karine Jean-Pierre insists “we are stronger economically than we have been in history.”
Inflation is close to 40-year highs, the economy shrank last quarter, and 64% say their financial situation is “getting worse.”pic.twitter.com/xq7q3rpLwU
— Tommy Pigott (@TommyPigott) July 7, 2022
The Atlanta Federal Reserve announced on Friday that the second quarter of 2022 saw a GDP of minus 2.1 percent.
The GDP shrank by 1.6 percent in the first quarter of 2022.
As TGP reported previously, the US GDP is on a downturn and has been down with the last all-time high being in October of 2021. That is now more than six months ago.
Recessions are typically marked by an economy shrinking in back-to-back quarters, measured by gross domestic product.
The numbers reported by the Atlanta Fed will make the second quarter of negative growth.
We are in a recession thanks to Joe Biden and the Democrats but Jerome Powell continues to lie about the economy.
Last week Jerome Powell said the US economy is in “strong shape” during his congressional testimony.