Biden, Who Said Inflation Was a Blip, Now Predicts the 2023 Recession Will Be Tiny

Recessions are a bitch for presidents or wannabes.

Another one is coming, despite the denials of Joe Biden, who set this one up perfectly. Barack Obama warned us about the uncanny ability of his vice president to screw up almost anything. Except, Obama used another word.

For once, Obama knew what he was talking about. He put the 36-year Senate veteran Biden in charge of driving new gun control legislation through Congress after the awful Sandy Hook shooting killed 20 grade schoolers and six adults almost 10 years ago. Nothing happened.

Obama put Biden in charge of implementing the $852 billion stimulus bill back in 2010 when billions seemed like a lot of money. Biden promised hundreds of thousands of “shovel-ready jobs” starting the following month. Or the one after. Surely in two months. They never emerged and “shovel-ready” became a guaranteed D.C. laugh line.

You’d think Obama would have caught on, but he assigned Biden to make their administration the most open and transparent presidency in history. Biden called a government-wide planning session.

And closed it to the public.

When Biden was publicly mulling a 2020 White House run, fishing for encouragement, Obama told him gently, “You don’t have to do this, Joe.”

Unfortunately for America, Biden didn’t take the hint. And Americans have been blessed by the infant-food shortage that Biden claims he was unaware of for two months. He delayed the Afghan troop exit from the off-season to the seasonal height of combat last year.

Then, relying on his non-existent military experience, Biden overruled the career generals and ordered all troops out without telling allies. So, no one was left to protect the civilian evacuation.

That produced the deadly debacle that Biden still calls an “extraordinary success.”

Biden has ostentatiously imposed an endless series of “tough” sanctions on Russia that have done nothing to stop or curb Russia’s invasion of Ukraine. We’ve had the announced end of COVID, the ongoing supply-chain crisis in an ever-growing array of products from prescription drugs to computer chips. The explosion in gas prices, which Biden intentionally incited, then blamed on Vladimir Putin. That didn’t stick, so Biden now blames greedy oil companies.

Reminder: The U.S. was energy independent on Biden’s Inauguration Day. He recently flew to Saudi Arabia to plead for delays in OPEC production cuts that boost prices even more. They said No.

To appear like he’s doing something about the fuel-cost burdens with elections looming, Biden’s been drawing a million barrels a day of crude oil from the Strategic Petroleum Reserve, the nation’s 401k for genuine energy emergencies.

He just ordered another 15 million barrels withdrawn, which will leave SPR’s immense network of subterranean Gulf Coast salt caves about half-empty.

Democrats have controlled the White House and Congress for 21 months now. In their eagerness to make good on their progressive promises and dreams, despite economists’ warnings of inflation, they have poured more than $5 trillion in new spending into the economy.



Eighteen months ago, Biden assured us that the statistical scent of smoke from inflation was merely a passing wisp. Last month’s dairy, cereal, and bakery prices were up 16 percent over 2021, meats, poultry, and fish up nine percent, fruits and vegetables up 10.4 percent, non-alcoholic beverages up 13 percent. With no signs of easing.

Maybe that’s a blip if you live in government housing with 24-hour servants providing food. For the rest of us, that’s a chunk!

Now, here’s what history’s oldest U.S. president had to say wishfully to CNN about the upcoming recession:

I don’t think there will be a recession. If it is, it’ll be a very slight recession. That is, we will move down slightly. Look, it’s possible. I don’t anticipate it.

Many of Joe Biden’s disasters have come from not anticipating problems — COVID variants, infant-food shortages, the Taliban’s swift conquest, inflation.

Technically, the U.S. is already in recession using the traditional measurement of two consecutive quarters of negative economic growth. Biden is trying to ignore that, at least until after Nov. 8. And a complicit media is playing along by not harping on that reality and pretending to worry about next year.

People who voted against Donald Trump by casting a Biden ballot probably didn’t anticipate this disastrous presidency either. But here we are.

And here comes the recession, according to experts. “This is serious stuff,” said Jamie Dimon, CEO of the nation’s largest bank JP Morgan Chase. He listed uncontrolled inflation, interest rates pushed higher beyond expectations, and the war in Ukraine as major unknown factors.  He added:

These are very, very serious things which, I think, are likely to push the U.S. and the world — I mean, Europe is already in recession — and they’re likely to put the U.S. in some kind of recession six to nine months from now.

Gina Raimondo must be very careful as Biden’s Commerce Secretary. Here’s how she dodged contradicting her boss to Bloomberg news, “Certainly any kind of a significant recession, I think, is absolutely not inevitable.”

Translation: Absolutely not inevitable = certainly possible.

Squeezing inflation down to a desired two percent goal can take years. The Fed has aggressively raised its benchmark rate three times already this year, most recently three-quarters of a basis point in September.

Two more significant hikes are expected in calendar 2022. Still, reaching the annual inflation target of two percent is not expected before 2025.

Recessions can be tricky things with the economy sometimes overreacting to rate hikes, sending the country into recession like a slow-motion train wreck with businesses shrinking or closing, spiking job losses and unemployment, and income streams disappearing.

Here’s an ominous financial reality that’s not received much attention: In April of 2020, combined savings of Americans totaled $6.42 trillion, according to the St. Louis Federal Reserve. In August this year, because of spending and inflation, that savings sum had plunged to $663.8 billion.

Not much of a cushion for 330 million citizens if hard times were to hit in the third year of Joe Biden’s final term.

Recessions, often in conjunction with adjacent causes, have doomed other presidencies. Herbert Hoover’s, of course, was an actual Depression. But Gerald Ford didn’t win reelection in 1976. And neither did Jimmy Carter four years later. George H.W. Bush lost in 1992. John McCain’s ambitions blew up in 2008 with that recession.

Joe Biden has long maintained that he would seek a second term in 2024 when he’d be 82. All presidents say they’ll go for a second term to avoid being an impotent duck from Day One.

Given Biden’s clear physical and mental failings and decline, that’s always been preposterous. Recent polls reveal that even Trump, who’d be 78, the same age as Biden in 2020, could beat him.

Now, we’re getting subtle, little-noticed indications that this reality may be getting through even to Joe Biden. Last month, “60 Minutes” asked him about running in 2024.

His reply: “My intention, as I said, to begin with, is that I would run again. But it’s just an intention. But is it a firm decision that I run again? That remains to be seen.”


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