Bidenflation leads to Biden's recession?
This morning, Joe Biden and the Democrats got a major gut-punch when it was announced that the U.S. economy shrunk by an annualized rate of 1.4% in the first quarter. The Dow Jones estimate was for annualized growth of 1%. The Q4 GDP, by comparison, showed 6.9% annualized growth. This exposes the Biden economic plan as a failure. Going from 6.9% annualized growth to a 1.4% annualized decline in 3 months is a political and an economic disaster. There's no way to spin these numbers. Factor in rising inflation and it's clear that Biden's plan is either ideologically driven, stupid or is proof that socialism doesn't work. Waging jihad against the U.S. fossil fuel industry was Biden's first economic mistake. That's what pandering to the greenies will get you. It was Biden's mistake but it's the American people who will pay for Biden's mistake. Biden's Commerce Department reported the drop in GDP this morning. Rick Santelli made the announcement on CN