Biden Claims He’s ‘Growing The Economy’ While It Continues To Shrink, Warns Inflation Not Going Away | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Daily Wire News.

    President Joe Biden (D) claimed during an interview Sunday night that he was "growing the economy" despite the fact that the U.S. economy has shrank for two consecutive quarters in what economists have long indicated is a warning sign that an economy is in a recession.

    Biden made the remarks during an interview on CBS News' "60 Minutes" with leftist host Scott Pelley.

    "Is the economy going to get worse before it gets better?" Pelley asked Biden.

    "No. I don't think so," Biden responded. "We hope we can have what they say, 'a soft landing,' a transition to a place where we don't lose the gains that I ran to make in the first place for middle-class folks, being able to generate good-paying jobs and - expansion. And at the same time - make sure that we - we are - are able to continue to grow."

    "And you would tell the American people that inflation is going to continue to decline?" Pelley asked.

    "No, I'm telling the American people that we're gonna get control of inflation," Biden responded. "And their prescription drug prices are gonna be a hell of a lotta lower. Their health care costs are gonna be a lot lower. Their basic costs for everybody, their energy prices are gonna be lower. They're gonna be in a situation where they begin to gain control again. I'm- more optimistic than I've been in a long time."

    When asked what he could do to prevent the U.S. economy from sliding into a recession, even though many believe the economy is already in a recession, Biden responded, "Continue to grow the economy. And we're growing the economy. It's growing in - in a way that it hasn't in years and years."

    WATCH:

JOE BIDEN: "Continue to grow the economy. And we're growing the economy. And it's growing in a way that it hasn't in years and years."The U.S. is currently in a recession after the economy shrank for two quarters in a row. pic.twitter.com/8zIAXQOdud

— RNC Research (@RNCResearch) September 19, 2022

    TRANSCRIPT:

    Scott Pelley: Is the economy going to get worse before it gets better?

    President Joe Biden: No. I don't think so. We hope we can have what they say, "a soft landing," a transition to a place where we don't lose the gains that I ran to make in the first place for middle-class folks, being able to generate good-paying jobs and- expansion. And at the same time- make sure that we- we are- are able to continue to grow.

    Scott Pelley: And you would tell the American people that inflation is going to continue to decline?

    President Joe Biden: No, I'm telling the American people that we're gonna get control of inflation. And their prescription drug prices are gonna be a hell of a lotta lower. Their health care costs are gonna be a lot lower. Their basic costs for everybody, their energy prices are gonna be lower. They're gonna be in a situation where they begin to gain control again. I'm- more optimistic than I've been in a long time.

    Scott Pelley: Sir, with the Federal Reserve rapidly raising interest rates, what can you do to prevent a recession?

    President Joe Biden: Continue to grow the economy. And we're growing the economy. It's growing in- in a way that it hasn't in years and years.

poll#132

Considering that Joe Biden is considered by so many to be the Imposter President: Is he actually knowledgeable enough, wise enough, patriotic enough to be this Constitutional Republic's president at this difficult point in these tumultuous times?

  Yes, Mr. Biden is thoughtful and kind, and just so different from the "Orange Man".

  No, this representation of "president" is either too corrupt, too stupid, or both to be a real president.

  I just want the fun guy, who knew how to make stuff work back.

670 total vote(s)     What's your Opinion?

poll#154

Inarguably, the policies of the Democrats in congress and Joe Biden as the Executive is plunging the United States into a recession, if we are not already there; a recession that was completely avoidable. Will abrupt changes in policies occur in time?

  Yes, the Democrats have a bold plan, yet to be revealed, to save us.

  No, there will have to be a complete undoing of the damage done by these Democrats.

  I can't do simple math, so how am I to understand the concept of basic economics.

1,216 total vote(s)     What's your Opinion?