Posted 3 days ago
The White House’s newest economic catchphrase to blunt the force of a potential recession in 2023 is to tell the American people that it is not “inevitable.”
On Sunday, members of President Joe Biden’s team told the establishment media four separate times that inflation is not inevitable, despite polling and data that suggest a probability of recession.
“A recession is not inevitable,” Energy Secretary Jennifer Granholm said on CNN’s State of the Union.
“The president really wants to have a steady and stable recovery,” she added.
Treasury Secretary Janet Yellen said on ABC News’s This Week that she does not “think a recession is at all inevitable,” but acknowledged “inflation is unacceptably high.”
Director of the National Economic Council Brian Deese used similar phrases on CBS News’s Face The Nation and Fox News Sunday.
“What I would say is that not only is a recession not inevitable, but I think that a lot of people are underestimating those strengths and the resilience of the American economy,” Deese said on CBS.
On Fox News, Deese again used the “not inevitable” catchphrase. “Not only is a recession not inevitable, but what we as policymakers can do is take steps to build on our unique strengths in the American economy,” Deese said.
Seventy-seven percent of CFO’s responding to a CNBC survey say the economy will experience a recession in the first half ... (Read more)