Biden dismisses concerns about economic recession, insults reporter for asking

There are growing concerns that the U.S. economy is on the verge of, if not already in, an economic recession, which is generally defined as two consecutive quarters of negative economic growth — and figures show that the U.S. gross domestic product shrank by 1.5 percent in Q1 of 2022.

President Joe Biden just completely dismissed the very real concerns about a recession and even insulted a reporter for raising the subject by accusing her of sounding like a Republican, the Daily Wire reported.

The incident occurred Monday while the president was enjoying the holiday weekend at his beach home in Rehobeth Beach, Delaware, with a walk on the beach with members of his family.

Biden’s anger flares

During an informal press gaggle on the beach, a reporter asked President Biden about the growing number of economists and members of Congress who “are saying a recession is even more likely than ever.”

“Not — the majority of them aren’t saying that,” the president fired back. “Come on, don’t make things up, okay? Now you’re sounding like a Republican politician. I’m joking. That was a joke.”

“But all kidding aside — no, I don’t think it is,” he said, and noted that “there’s nothing inevitable about a recession.”

Biden went on to suggest that raising taxes on corporations and individuals by way of reversing “Trump’s tax cut, which is inflation,” would somehow work to reduce inflation and hold a recession at bay, as would continuing the “fundamental turn toward renewable energy” that is driving inflation by way of soaring prices for oil and gas and other fossil fuel-derived energy.

Experts: Imminent recession

Except, regardless of President Biden’s summary dismissal of concerns about an economic recession, that economic downturn may already be here or is about to hit within the next few months, according to the Daily Wire.

In fact, a recent survey of economists by The Wall Street Journal found that the surveyed group had increased the probability of recession within the next 12 months to 44 percent, up from a 28 percent chance in April and an 18 percent chance in January.

And, as noted, it has already been officially determined that the U.S. economy experienced negative growth in Q1, and many economists and business CEOs have predicted that Q2 growth will be flat or negative as well, which could very well make the impending recession a formal thing.

President Biden can dismiss concerns about a recession and attack reporters who raise the subject, but doing so doesn’t increase economic growth or drive down prices or provide assurances to millions of Americans facing fearful economic uncertainty amid surging inflation and a slowed job market.

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