AP Interview: Biden says a recession is 'not inevitable'

[Omaha Steve]

Source: AP

By JOSH BOAK

WASHINGTON (AP) — President Joe Biden told The Associated Press on Thursday that the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are slamming family budgets.

He said a recession is not inevitable and bristled at claims by Republican lawmakers that last year’s COVID-19 aid plan was fully to blame for inflation reaching a 40-year high, calling that argument “bizarre.”

As for the overall American mindset, Biden said, “People are really, really down.”

“They’re really down,” he said. “The need for mental health in America, it has skyrocketed, because people have seen everything upset. Everything they’ve counted on upset. But most of it’s the consequence of what’s happened, what happened as a consequence of the COVID crisis.”



President Joe Biden speaks during an interview with the Associated Press in the Oval Office of the White House, Thursday, June 16, 2022, in Washington. (AP Photo/Evan Vucci)


Read more: https://apnews.com/article/biden-ap-interview-4d2c2f9015341f280d8078182601ec58

[House of Roberts]

1. Joe, you don't understand the wealthy.

They WANT a recession. They relish the opportunity to pick up distressed assets for pennies on the dollar. Therefore, a recession MUST happen.

[bucolic_frolic]

2. Fastest way to avoid recession is to raise interest rates and pop the oil bubble

Lower gas prices puts a little more money in consumers pockets

[FloridaBlues]

3. According to tv pundits they already have us in a recession they talk about it hourly

As we know when you repeat things often enough…
The drumbeat is being fueled by republicans lying even about” high unemployment” numbers.

[PSPS]

4. "... much to the chagrin of the media who are literally cheerleading for one."

[nakocal]

5. If republicans win back congress than

a recession or depression becomes a certainty.

[yaesu]

6. About the only thing that will guarantee a recession is the Fed raising interest rates

which the rich love but destroys the working class ability to purchase anything but bare minimum to survive.

[The Protagonist]

7. I believe in you Mr. President!

Best President in my lifetime, and I'm very confident of him and his team steering us through these rocky waters.

[malthaussen]

8. Whistling in the dark.

I suppose it all depends on one's definition of "recession."

-- Mal

[orangecrush]

9. The economic problems

Are the 1%'s way of paying us back for electing a democratic president.

Plain and simple.

I expected this.






"We had to struggle with the old enemies of peace—business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.

They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.

Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me—and I welcome their hatred."

Franklin D. Roosevelt