Was the economy better under President Joe Biden, or President Donald Trump?
To hard working Americans, the answer is very simple – and obvious.
That’s why everyone broke out in gut-busting laughter at Biden’s latest economic claim.
Biden is overseeing record inflation, a supply chain crisis, and an American public that rates his handling of the economy lower than Jimmy Carter.
But Biden once again opened his mouth to reveal his disconnect with the American public.
In a recent Tweet, Biden made an unbelievable claim.
We’re ending 2021 with what one analyst described as the strongest first-year economic track record of any president in the last 50 years.
Let’s keep the progress going.
— President Biden (@POTUS) December 29, 2021
“We’re ending 2021 with what one analyst described as the strongest first-year economic track record of any president in the last 50 years,” Biden tweeted. “Let’s keep the progress going.”
Once you finish laughing, ask yourself, who is this unnamed source the President mentions?
Moody’s Analytics chief economist Mark Zandi just downgraded his first-quarter GDP prediction for the United States from 5.2% to 2.2%.
“(I) can see the economic damage mounting going into the first quarter,” Zandi said.
Biden can’t even get economists from his own party to back his hilarious accretion.
Larry Summers was the Nation Economic Council Director during the Obama-Biden White House.
Before that, he served as Treasury Secretary for the Clinton administration.
Summers is now saying it’ll take a recession to get the United States out of the economic predicament Biden has created.
“If I thought we could sustainably run the economy in a red-hot way, that would be a wonderful thing,” Summers said. “But the consequence — and this is the excruciating lesson we learned in the 1970s — of an overheating economy is not merely elevated inflation, but constantly rising inflation. That’s why my fear is that we are already reaching a point where it will be challenging to reduce inflation without giving rise to recession.”
Under Barack Obama we experienced the Great Recession.
Now, Obama’s former Vice President has made such a mess of things, Democrat economists are HOPING for a recession to fix it.