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The U.S. will officially be declared in recession tomorrow; can Biden respond?

July 27, 2022 by Robert Jordan

The federal Reserve raised interest rates 3/4 of a point making it that much harder to borrow money. But in essence they should have raised it at least 5 points to help stop the recession from going into warp speed. Tomorrow we will find out if the GDP fell for a second quarter in a row. To be in a recession most economists feel that if (GCP) falls 2 quarters in a row then we are in a recession. Their is a poll out now saying that 3/4 of democrats feel that our party needs new blood. Unfortunately for the United States, President Biden has so many medical and personal problems, and he just doesn’t seem to cut the mustard any longer.

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