Morning Jolt: Biden Puts a Recession on Spin Cycle

On the menu today: Two consecutive quarters of declining GDP doesn't sound like a recession to President Biden, and he emphasizes to Americans that Federal Reserve chairman Jay Powell said there are too many areas where the economy is preforming too well. You don't realize how great you have it, foolish Americans! Meanwhile, more voices across the political spectrum wonder why Biden's schedule is so light.

Biden: 'Doesn't Sound Like a Recession to Me'

President Biden appears convinced he can just spin his way through bad economic news. His statement Thursday morning:

Passing the CHIP bill is going to put another $72 billion dollars for incentives and tax credits to expand semiconductor production. And the Inflation Reduction Act will add another $370 billion in clean-energy tax credits in reconciliation, including incentives to accelerate domestic production of solar panels, wind turbines, batteries, and critical-materials processing. That doesn’t sound like a recession to ...

Morning-Jolt.png
WITH JIM GERAGHTY July 29 2022
Morning-Jolt-center.png
WITH JIM GERAGHTY July 29 2022
hero

Biden Puts a Recession on Spin Cycle

On the menu today: Two consecutive quarters of declining GDP doesn't sound like a recession to President Biden, and he emphasizes to Americans that Federal Reserve chairman Jay Powell said there are too many areas where the economy is preforming too well. You don't realize how great you have it, foolish Americans! Meanwhile, more voices across the political spectrum wonder why Biden's schedule is so light.

Biden: 'Doesn't Sound Like a Recession to Me'

President Biden appears convinced he can just spin his way through bad economic news. His statement Thursday morning:

Passing the CHIP bill is going to put another $72 billion dollars for incentives and tax credits to expand semiconductor production. And the Inflation Reduction Act will add another $370 billion in clean-energy tax credits in reconciliation, including incentives to accelerate domestic production of solar panels, wind turbines, batteries, and critical-materials processing. That doesn’t sound like a recession to ...   READ MORE

spacer

ADVERTISEMENT

Trending on National Review

1. The University of Michigan's Cancel-Culture Problem: 'It Has Real Consequences'

2. Manchin's 'Inflation Reduction' Deal Won't Save Democrats

3. No, Net Zero Is Not 'Inevitable' — It Might Not Even Be Likely

Top Stories

Jack Wolfsohn

China's Suspicious Land Grab in America

Lawmakers are raising national-security concerns as Chinese companies buy agricultural land in the U.S., possibly ...

Armond White

Snydergate: A Film and Media Scandal

Media distrust not only applies to political journalism; entertainment journalism has also been infected by the ...

NEWS

Eric Greitens's Long Journey from 'Obama Fanboy' to 'RINO Hunter'

‘He only cares about himself and he has no values,’ a former friend of the Missouri Senate candidate ...

NEWS

San Francisco Declares State of Emergency over Monkeypox Outbreak

The declaration empowers the local government to take more immediate and sweeping action to fight the spread.

ADVERTISEMENT

App_FB_and_Newsletter_Ad_nonmem.png

PODCASTS

PHOTOS

VIDEO

NRPLUS ARTICLES

ADVERTISEMENT

CapitalRecordAd-final1_BLUE_NONMEM.jpg

ADVERTISEMENT

 

 
 
 
 
Learn more about RevenueStripe...
national review

Follow Us & Share

19 West 44th Street, Suite 1701, New York, NY, 10036, USA
Your Preferences | Unsubscribe | Privacy
View this e-mail in your browser.

Commentaires

Posts les plus consultés de ce blog

Chris Ramsey can take the heat, but what would relegation for QPR mean for black managers in the Premier League?

'Game of Thrones' gave fans of Missandei and Grey Worm something to love tonight