Joe Biden inherited an economy on its way to recovery from the pandemic.
But Biden and the Democrats sent the economy back into a tailspin in a matter of no time.
And Joe Biden just said one word about America facing an economic recession that will come back and bite him in 2024.
During his State of the Union Address, Joe Biden painted a picture of him inheriting an economy in ruins and turning it into “the strongest economy in the world.”
“Two years ago, our economy was reeling,” Biden said. “As I stand here tonight, we have created a record 12 million new jobs, more jobs created in two years than any President has ever created in four years.”
Throughout his speech, Biden touted the alleged improvements he made in the economy.
He claimed unemployment was at “a 50-year low,” that he “created 800,000 good-paying manufacturing jobs, the fastest growth in 40 years,” and that “food inflation is coming down and has fallen every month for the last six months while take home pay has gone up.”
But Joe Biden is apparently living in fantasy land because polls show the American people do not share his positive outlook on the economy.
A Gallup poll taken before his speech found that 50% of Americans say they are worse off than they were a year ago, the second highest ever recorded since the poll started asking this question every year in 1976.
And the latest Rasmussen Reports poll found 85% of Americans say they are spending more on groceries than they were a year ago even though Biden claimed to be bringing down prices.
During an interview with PBS NewsHour on Wednesday, host Judy Woodruff asked Biden to explain why the American people don’t feel the same way as he does about the economy.
Biden told Woodruff that “the polls don’t matter” because they are allegedly wrong.
Woodruff then specifically asked Biden about the looming recession.
“So when people at the Gallup Poll say most Americans think next year the economy is going to be bad, do you think there’s going to be a recession?” she asked Biden.
“No!” Biden replied.
“This year?” Woodruff followed up with.
“No, or next year,” Biden declared.
Joe Biden will live to regret this answer if he decides to seek re-election.
Most experts believe the economy is headed into a severe recession.
Presidents lose when they run for re-election in the middle of a recession.
And if the economy heads into a recession as predicted, Biden’s words will come back to haunt him in the election.
Stay tuned to Right News Wire for any updates to this ongoing story.