Powell admits possibility of recession.

Is a Recession on the Horizon?

Don’t believe your lying eyes, the Federal Reserve and Biden administration have been telling us that everything is fine with the economy. But last week, the Fed Chairman, Jerome Powell, admitted that we “might” find ourselves in a recession. This is a big deal, especially when President Biden is trying to sell us on how great the economy is and how we should thank him for his hard work by giving him another four years.

Maybe, Probably, It Could Be…

Last week, the Fed announced its tenth consecutive interest rate hike, with Chairman Powell dropping the bomb that “It’s possible that we will have what I hope would be a mild recession.” Of course, he said that after bumbling through a mealy-mouthed statement. Joel Griffith of the Heritage Foundation called the Fed out, stating that “The Federal Reserve has been an abject failure, particularly over the last few years.”

• Getting a loan has gotten more challenging for everyone
• It’ll be more challenging for Americans to get car loans, personal loans, and lines of credit, both personal and for their small businesses
• The American Bankers Association (ABA) credit index plummeted to its lowest point since the beginning of the pandemic

But is Uncle Joe worried? No, and according to him, neither should you! President Biden is set to release a new campaign ad focusing on all the good he’s done for the economy. In the ad, he states that “We’re building an economy from the bottom up and the middle out where no one’s going to be left behind.” Unless, of course, you’ve been doing all the right things, not expecting a handout from your government.

Things Are Not Alright

While Mr. Powell and Mr. Biden want to continue to lie to you and tell you that everything is great and everything will be just fine, the truth is that everything is not great, and everything will not be just fine. The average American family sees $7,000 cut from their paychecks annually due to inflation. Grocery store prices have shot up 8.5% compared to last year. Everything is more expensive, houses are harder to sell, homes are harder to buy, cars are harder to buy, small businesses are harder to operate, and life is harder to live. We can either continue to believe the lie and live the truth – or we can demand change at the ballot box.