So all the media hacks who tried to claim the Biden economy was so wonderfully got a nice slap in the face today. The GDP (measure of our economy) shrunk 1.4%, the media of course all this “inexpertly.” Stagflation is here. If you were alive when Jimmy Carter was president, you will remember very well what stagflation is like. If the next quarter sees a contraction in the GDP, we are officially in a recession. Thanks Joe and the communist Democrats! This is the first time the GDP has contracted since the start of the pandemic. All the so called “experts” predicted that the GDP would rise by 1% for the first quarter of 2022.
STAGFLATION ALERT? US Economy unexpectedly shrank in Q1, the first contraction since 2020, as ballooning trade deficit & softer inventory growth belied an otherwise solid consumer & business demand picture. GDP fell at 1.4% annualized rate after a 6.9% pace of growth in Q4 2021. pic.twitter.com/D4hnNEhRRV
— Holger Zschaepitz (@Schuldensuehner) April 28, 2022
BIDEN ECONOMY: US GDP “Unexpectedly” Declines by 1.4% in First Quarter…
SO..you can LIE about the economy until you just can't anymore..They knew this was coming.
Jen Pusstaki's spin on this is GONNA be EPIC..I have NO idea how she will spin it, but is GONNA BE GOOD! pic.twitter.com/rDuoDVVTHp
— JR (@JRis_Pissed) April 28, 2022
Q1 GDP: -1.4% 😳
Are we already farther along the road to recession than realized? pic.twitter.com/OX76QjUv3o
— Adam Taggart (@menlobear) April 28, 2022