(Joe Hoft) The Gateway Pundit reported one month ago on April 4th that the US economy was contracting and in the early stages of a recession. Today’s numbers show that the US GDP is down five months in a row with the last high in October 2021.
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by Joe Hoft, May 4th, 2022
We’ve reported for months that the US economy is contracting and not growing. There were signs that the economy was moving into a recession.
Today those signs continue showing the US is moving in the wrong direction leading to recession.
The IHS Monthy GDP Index shows the US GDP has decreased from last October 2021’s high. Simply put, the US economy is decreasing, not growing.

Not only is the US heading into a recession, but inflation is also at either all-time or 40-year highs and US debt is at all-time highs.
What a mess Biden has made of this economy in just one year. It looks like there are difficult days ahead.
About The Author
Joe Hoft is the twin brother of TGP’s founder, Jim Hoft. His posts have been retweeted by President Trump and have made the headlines at the Drudge Report. Joe worked as a corporate executive in Hong Kong and traveled the world for his work, which gives him a unique perspective of US and global current events. He has ten degrees or designations and is the author of three books. His new book: ‘In God We Trust: Not in Lying Liberal Lunatics’ is out now – please take a look and buy a copy.
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– Justin
Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.
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