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Rising Risk of Recession Creates New Headache
for Biden

Original Article

Posted By: NorthernDog, 5/22/2022 9:52:29 PM

The Federal Reserve’s efforts to slow inflation are raising the possibility of higher unemployment, a slower-growing economy and a recession, prospects that could create new headaches for the Biden administration. As the country heads into midterm-election season, much of the political discussion has centered around solid economic growth and robust employment versus the damaging impact of inflation. More recently, warnings about the prospect of an economic downturn—which could come in 2023 according to some estimates—have complicated the economic picture in a new way. Mr. Biden and his advisers are already grappling with inflation trending near a four-decade high, wavering consumer

Comments:

Posted from ungated website. Millions are still sitting on the sidelines collecting government handouts without adding any productivity to the economy. In the meantime workers see themselves falling into financial quicksand with no way out.

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Reply 1 - Posted by: raphaela 5/22/2022 10:05:40 PM (No. 1163230)
As if I care about his headache! What about people's worries about how to fill their gas tanks, and feed their families? The WSJ used to be respectable and now all they do is carry water for liberals.
13 people like this.

Reply 2 - Posted by: Northcross 5/22/2022 10:15:14 PM (No. 1163235)
WSJ needs to rearrange that headline- "Biden creates new headache for America as Recession gets worse."
19 people like this.

Reply 3 - Posted by: bogeegolf 5/22/2022 10:28:51 PM (No. 1163241)
Yeah whatever. Like Biden cares. He and his buddies just got another 40 billion slush fund.
12 people like this.

Reply 4 - Posted by: Anti_democRAT 5/22/2022 10:30:26 PM (No. 1163242)
Talk of solid economic growth. Last quarter was negative growth.
7 people like this.

Reply 5 - Posted by: stablemoney 5/22/2022 10:54:58 PM (No. 1163253)
Biden has redone his Delaware home at government expense, and the family is making millions on favor sales. What recession?
9 people like this.

Reply 6 - Posted by: hoopsfan 5/23/2022 12:14:55 AM (No. 1163291)
New headache for Biden?? Sorry if I'm just echoing the thoughts of #1 and others, but what a ridiculous premise that the big concern in the impact of inflation and recession is how it affects Joe Biden?
8 people like this.

Reply 7 - Posted by: Proud Texan 5/23/2022 2:04:57 AM (No. 1163324)
A recession will be a problematic situation for Biden. He is shooting for a full blown deep economic depression.
2 people like this.

Reply 8 - Posted by: DVC 5/23/2022 2:08:23 AM (No. 1163327)
"Risk of recession"????? Yeah, the risk is about 99%.
6 people like this.

Reply 9 - Posted by: mifla 5/23/2022 5:15:32 AM (No. 1163351)
We are the ones with the headache.
7 people like this.

Reply 10 - Posted by: Ashley Brenton 5/23/2022 7:03:00 AM (No. 1163416)
I know that economists will say you need two quarters of negative growth in order to declare a recession, but do we really need to wait until the end of June to confirm what we already know? Does anyone right now have the perception of a growing economy? Or can identify any event or course of action on the horizon that will cause the economy to grow?
5 people like this.

Reply 11 - Posted by: jeffkinnh 5/23/2022 9:12:40 AM (No. 1163550)
"the Biden administration should steer clear of any action that would add to inflationary pressures" THIS is the real headache for the dems and Biden. Their ONLY answer to problems, even the ones they have caused through their inept management and policies, is to spend more tax money (i.e. yours and mine) to BUY VOTES. Increasing federal spending is inflationary. Further, their supporters expect, even demand, that they do this. When the federal money spigot gets turned down, the dem voters get disenchanted and don't turn out to vote.
5 people like this.

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