Joe Biden

ICYMI: There Was No Recession

October 17, 2024

Two years ago today, this headline ran: Forecast for US Recession Within Year Hits 100% in Blow to Biden.

Since then:

  1. More than 5.5 million jobs have been created.
  2. The economy has grown 6%.
  3. Inflation has fallen to 2.4%.
  4. Incomes have risen $3,360, accounting for inflation.
  5. The stock market is up almost 60%.

And there is no recession in sight.

Joseph R. Biden, Jr., ICYMI: There Was No Recession Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/374709

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