{"id":1517129,"date":"2022-06-15T12:19:39","date_gmt":"2022-06-15T16:19:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1517129"},"modified":"2022-06-15T12:20:00","modified_gmt":"2022-06-15T16:20:00","slug":"biden-touts-economic-performance-while-economists-warn-of-recession","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-touts-economic-performance-while-economists-warn-of-recession\/","title":{"rendered":"Biden touts economic performance while economists warn of recession"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-touts-economic-performance-while-economists-warn-of-recession%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1517129&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2722203\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2722203\" class=\"size-full wp-image-2722203\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/AP22165573887170.jpg\" alt=\"President Joe Biden addresses the AFL-CIO convention, Tuesday, June 14, 2022, in Philadelphia. (AP Photo\/Susan Walsh)\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/AP22165573887170.jpg 1024w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/AP22165573887170-315x210-1.jpg 315w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/AP22165573887170-655x437-1.jpg 655w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/AP22165573887170-768x512-1.jpg 768w\" \/><\/p>\n<p id=\"caption-attachment-2722203\" class=\"wp-caption-text\">President Joe Biden addresses the AFL-CIO convention, Tuesday, June 14, 2022, in Philadelphia. (AP Photo\/Susan Walsh)<\/p>\n<\/div>\n<h5>OAN NEWSROOM<br \/>UPDATED 9:02 AM PT \u2013 Wednesday, June 15, 2022<\/h5>\n<p>President Joe Biden has continued to insist the economy is on the right track while economists warn of an impending recession. While speaking to union workers on Tuesday, Biden touted his economic performance despite record high inflation.<\/p>\n<blockquote>\n<p><strong>\u201cThe bottom line is this; I truly believe we made extraordinary progress by laying a new foundation for our economy, which becomes clear once global inflation begins to recede,\u201d claimed the President. \u201cThere\u2019s so much at stake, but the truth is I\u2019ve never been more optimistic about America than I am today.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>While Biden is more optimistic than ever, economist don\u2019t share the rose-colored outlook. According to a recent Financial Times survey, nearly 70 percent of economists expects the US to spiral into a recession in 2023. Biden then went to say he will continue to rely on foreign markets to bring down the cost of fuel, which has reached a national average of $5 a gallon according to AAA.<\/p>\n<blockquote>\n<p><strong>\u201cSo I have a plan to bring down the cost of gas and food,\u201d said the President. \u201cIt\u2019s going to take time, but let the world coordinate the largest release. What I\u2019ll be able to do for the largest release of oil from the global fund in history. Million barrels a day and 240 million barrels to boost global supply. I convinced other nations to join us to keep prices from rise, keep prices from rising even more.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>Biden is set to visit to Saudi Arabia later this year to speak with the country\u2019s Crown Prince about possibly importing some of their oil. Meanwhile, the American Petroleum Institute has put out a 10 point proposal that promotes domestic oil production, which they asserted is a better solution to ease the pain at the pump.<\/p>\n<blockquote>\n<p><strong>\u201cThis is America, we can do any damn thing we put our minds tom\u201d Biden stated. \u201cAnd guess what? We\u2019re not going back to the false promises of trickle down economics. We\u2019re going forward.\u201d<\/strong><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">My Administration will continue to do everything we can to lower prices for the American people, but Congress has to act as well. <a href=\"https:\/\/t.co\/TPxSpOSnVa\">pic.twitter.com\/TPxSpOSnVa<\/a><\/p>\n<p>\u2014 President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1536442843610456065?ref_src=twsrc%5Etfw\">June 13, 2022<\/a><\/p>\n<\/blockquote>\n<p>Despite all the warnings from experts, Biden remains convinced the American economy is improving under his administration. In the meantime, inflation continues to be a hot button issue for voters moving into the midterm elections.<\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/graduation-day-celebration-or-censorship\/\">Graduation Day: Celebration Or Censorship?<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden addresses the AFL-CIO convention, Tuesday, June 14, 2022, in Philadelphia. (AP Photo\/Susan Walsh) OAN NEWSROOMUPDATED 9:02 AM PT \u2013 Wednesday, June 15, 2022 President Joe Biden has continued to insist the economy is on the right track while economists warn of an impending recession. While speaking to union workers on Tuesday, Biden &hellip;<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1517129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1517129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1517129"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1517129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1517129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1517129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1517129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}