As of this week, the US economy is officially in a recession as there have been two recorded quarters of negative GDP growth.
So far, the Biden administration has refused to admit that there is a recession, essentially attempting to redefine what a recession is in Orwellian fashion.
“We’re not going to be in a recession,” Biden reporters on Monday. “My hope is we go from this rapid growth to a steady growth.”
The Biden administration’s refusal to address the current state of the economy comes as many Americans are going to food banks for the first time just to get by as the price of food and gas skyrockets.
Now, Biden has pivoted from denying that there is a recession to telling Americans that they should be grateful for stimulus checks given by the American Rescue Plan that likely contributed to the current recession.
President Joe Biden on Thursday reminded Americans suffering from inflation and high gas prices that he sent them a check for $8,000 in 2021.
“There’s reason to be down but I started thinking about it … the first year, we were able with the rescue plan, we were able to send them a check for eight grand,” he said. “I mean a check. Beyond that by the way, there was more than that.”
The president spoke about the trillions he spent in the Democrat-passed American Rescue Plan during a conversation he had with his economic advisers on the state of the economy. His mention of the “$8,000 check” was likely a reference to the temporary expansion of the tax credit provided to families in 2021 until it expired this year.
Biden complained that Americans forgot what he did for them in 2021, even as he admitted it was “totally understandable.”
He pointed out that even for Americans making $120,00 a year, $8,000 dollars should have meant a lot to them.