This article was authored by Andy Puzder for Fox Business on June 30, 2022.
We should get something on the record: While President Joe Biden was recently at the beach, he snapped at a reporter who asked about swirling predictions of a coming recession: "C’mon, don’t make things up…now you sound like a Republican."
To be clear: this isn’t a partisan political issue. If a recession comes, Americans across the country will experience the pain. We’re talking about lost jobs, working class families struggling to buy food or fuel, and young adults having to forgo college. Unlike the president, Americans are concerned that we are already there.
In fact, while Biden is claiming inflation fears are made up, the latest IBD/TIPP Economic Optimism Index found 53 percent of Americans already think the economy has gone into a recession.
While 3 in 4 Americans recognize that the economy is "bad" according to the latest CBS News poll. Americans are feeling economic pain every day at the gas pump and the grocery store. Whether we are already in a "technical" recession or not, a recession is what working- and middle-class Americans are experiencing – despite what Biden may believe.
Unfortunately, this isn’t the first time Biden has waved off a massive point of national angst. Almost one year ago, he said inflation was "going to pop up a little bit and then go back down." Now is at the highest rate in 40 years. As recently as April, Biden touted his economic performance claiming that the "economy had gone from being on the mend to being the move." No one should be fooled by his economic fantasies.
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