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Politics : Welcome to Slider's Dugout

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From: isopatch5/6/2022 11:16:13 AM
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<BIDEN ECONOMY: Former Trump Economist Kevin Hassett Warns US Headed Towards “Severe Recession” (VIDEO)

By Joe Hoft

Published May 6, 2022 at 10:00 am>

<You and I have talked before. I said I kind of think… we’re in a recession already. Now that you’ve seen a -1.4% first quarter, you’re kind of maybe leaning more in my direction. You know, second-quarter GDP now is close to zero. Second-quarter is negative. You’re basically in a recession. And the reason is that there’s this big, big reduction in income and production and consumption are catching up to that. The final fact about this, that -1.4% GDP last year, 94% of the time when we had a number that bigger, larger, it was in a recession since the Second World War or at the start of a recession.>

https://www.thegatewaypundit.com/2022/05/biden-economy-former-trump-economist-kevin-hassett-warns-us-headed-towards-severe-recession-video/
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