Biden's Recession. LIVE!

The United States economy is officially in a recession with the past two quarters contraction being reported by the Department of Commerce’s Bureau of Economic Analysis.

President Joe Biden today issued a statement declaring “the economy is slowing down” as the Bureau of Economic Analysis reported a 0.9 percent contraction in the second quarter Gross Domestic Product. Most Americans already knew that the economy was in trouble due to the forty-year high inflation that has bloomed due to unnecessary federal government spending splurges since December of 2020, intractable supply chain issues that are exacerbated by a Transportation Secretary, Pete Buttigieg, who is more interested in his next hoped for job than the one he currently holds, and U.S. based multinationals obstinate insistence in having their supply chains dependent upon the Chinese Communist Party rulers of mainland China.