(Joe Hoft) We’ve been warning for months that the US was falling into a recession under Biden. Today even Biden’s government reporting shows it.
by Joe Hoft, April 28th, 2022
UPI Headline: “U.S. economy surprises analysts with 1.4% decline in first quarter of 2022”
It was unexpected, except to those paying attention.
The Bureau of Economic Analysis reported today that Biden’s economy is shrinking. We’ve been warned about this for months.
Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.9 percent.
The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency … The “second” estimate for the first quarter, based on more complete data, will be released on May 26, 2022.
We’ve been warning about a Biden recession for months.
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
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