{"id":1684796,"date":"2022-10-12T08:08:40","date_gmt":"2022-10-12T12:08:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1684796"},"modified":"2022-10-12T08:08:58","modified_gmt":"2022-10-12T12:08:58","slug":"biden-says-slight-recession-might-happen-amid-economy-already-in-recession","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-slight-recession-might-happen-amid-economy-already-in-recession\/","title":{"rendered":"Biden Says &#8220;Slight Recession&#8221; Might Happen Amid Economy Already in Recession"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/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-says-slight-recession-might-happen-amid-economy-already-in-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=1684796&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--><p class=\"speakable\"><a href=\"https:\/\/www.foxnews.com\/category\/person\/joe-biden\" target=\"_blank\" rel=\"noopener\">President Biden<\/a> acknowledged the possibility of what he described as a &#8220;slight recession&#8221; could occur in the near future.\u00a0<\/p>\n<p class=\"speakable\">It was determined back in July that the U.S. suffered back-to-back consecutive quarters of negative GDP growth, which has long been the indicator of a recession. However, both the Biden administration and many members of the media have dismissed that long-standing definition.\u00a0<\/p>\n<p>During an interview on Tuesday, <a href=\"https:\/\/www.foxnews.com\/media\/cnns-jake-tapper-cynical-gopers-big-tech-censorship-hunter-biden-story-rigged-2020-election\" target=\"_blank\" rel=\"noopener\">CNN&#8217;s Jake Tapper<\/a> asked the president, &#8220;Should the American people prepare for a recession?&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/media\/larry-summers-more-likely-recession-within-18-months\" target=\"_blank\" rel=\"noopener\"><strong>LARRY SUMMERS SAYS \u2018MORE LIKELY THAN NOT\u2019 THERE WILL BE A RECESSION WITHIN 18 MONTHS<\/strong><\/a><\/p>\n<p>&#8220;No,&#8221; Biden initially responded. &#8220;Look, they&#8217;ve been saying this now-every six months they say this, every six months, they look down at the next six months and see what&#8217;s gonna happen. It hadn&#8217;t happened yet.&#8221;\u00a0<\/p>\n<p>He then said, &#8220;I don&#8217;t think there will be a recession. If it is, it will be a slight recession\u2014that is we&#8217;ll move down slightly.&#8221;<\/p>\n<div class=\"image-ct inline\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 767px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><\/div>\n<div class=\"caption\">\n<p>\n      US President Joe Biden speaks at the White House Conference On Hunger, Nutrition And Health in Washington, DC, US, on Wednesday, Sept. 28, 2022.<br \/>\n      <span class=\"copyright\">(Yuri Gripas\/Sipa\/Bloomberg via Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>After boasting what has been &#8220;accomplished&#8221; by his administration to improve the economy, Biden took another swipe at those predicting a recession, telling Tapper &#8220;it&#8217;s just not there.&#8221;<\/p>\n<p>&#8220;But you just said that a slight recession is possible,&#8221; Tapper said.\u00a0<\/p>\n<p>&#8220;It is possible\u2014look, it&#8217;s possible.&#8221; Biden said. &#8220;I don&#8217;t anticipate it. What I do think\u2014look, we talk about the impact on families. They have reason to be concerned about energy prices, they have reason to be concerned about a whole range of issues. But look at what we&#8217;ve done. We&#8217;ve been able to- with the Inflation Reduction Act.&#8221;<\/p>\n<p>&#8220;You think Democrats have something to run on,&#8221; Tapper asked.\u00a0<\/p>\n<p>&#8220;Oh, I think we do. I know we do,&#8221; Biden responded.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/us\/biden-putin-russian-irrational-invasion-ukraine\" target=\"_blank\" rel=\"noopener\"><strong>BIDEN SAYS PUTIN \u2018MISCALCULATED SIGNIFICANTLY\u2019 IN \u2018IRRATIONAL\u2019 RUSSIAN INVASION IN UKRAINE<\/strong><\/a><\/p>\n<p>Biden also side-stepped a question about potential criminal charges his son <a href=\"https:\/\/www.foxnews.com\/category\/person\/hunter-biden\" target=\"_blank\" rel=\"noopener\">Hunter Biden<\/a> may face.\u00a0<\/p>\n<p>On Thursday, The Washington Post reported that anonymous federal agents allege they have &#8220;sufficient evidence&#8221; to charge Hunter Biden with tax and gun crimes.\u00a0<\/p>\n<div class=\"image-ct inline\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 767px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/hunter.jpg\" alt=\"Hunter Biden, son of U.S. President Joe Biden, arrives with wife Melissa Cohen Biden prior to President Biden awarding Presidential Medals of Freedom during a ceremony in the East Room at the White House in Washington, U.S., July 7, 2022. \u00a0\" \/><\/div>\n<div class=\"caption\">\n<p>\n      Hunter Biden, son of U.S. President Joe Biden, arrives with wife Melissa Cohen Biden prior to President Biden awarding Presidential Medals of Freedom during a ceremony in the East Room at the White House in Washington, U.S., July 7, 2022. \u00a0<br \/>\n      <span class=\"copyright\">(Kevin Lamarque)<\/span><\/p>\n<\/div>\n<\/div>\n<p>When asked for his &#8220;personal and political&#8221; reaction, Biden responded by first saying he was &#8220;proud&#8221; of his son.<\/p>\n<p>&#8220;This is a kid who got, not a kid\u2014he&#8217;s a grown man. He got hooked on\u2014like many families have had happen, hooked on drugs. He&#8217;s overcome that. He&#8217;s established a new life,&#8221; Biden told CNN&#8217;s Tapper on Tuesday.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/media\/potential-hunter-biden-charges-grave-problem-biden-family-miranda-devine\" target=\"_blank\" rel=\"noopener\"><strong>POTENTIAL HUNTER BIDEN CHARGES ARE \u2018GRAVE PROBLEM\u2019 FOR BIDEN FAMILY: MIRANDA DEVINE<\/strong><\/a><\/p>\n<p>The president claimed he &#8220;didn&#8217;t know anything&#8221; about his son&#8217;s gun purchase at the time but acknowledged, Hunter&#8217;s false claim in his gun purchase application that he was not addicted to drugs.<\/p>\n<p>&#8220;So I have great confidence in my son,&#8221; Biden said. &#8220;I love him, and he&#8217;s on the straight and narrow, and he has been for a couple years now. And I&#8217;m just so proud of him.&#8221;<\/p>\n<div class=\"image-ct inline\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 767px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/Biden-30.png\" alt=\"President Biden visits IBM to announce $20B investment in Hudson Valley.\" \/><\/div>\n<div class=\"caption\">\n<p>\n      President Biden visits IBM to announce $20B investment in Hudson Valley.<br \/>\n      <span class=\"copyright\">(The Image Direct for Fox News Digital)<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/apps-products\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><u>CLICK HERE TO GET THE FOX NEWS APP<\/u><\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<p>This marks President Biden&#8217;s third televised interview with a journalist. His first sit-down was with NBC&#8217;s Lester Holt in February. He waited seven months to do his second one in September with CBS&#8217; Scott Pelley.\u00a0<\/p>\n<p>In between, he granted an interview with the Associated Press as well as liberal late-night host Jimmy Kimmel.\u00a0<\/p>\n<div class=\"article-meta\">\n<div class=\"author-bio\">\n<p>Joseph A. Wulfsohn is a media reporter for Fox News Digital. Story tips can be sent to joseph.wulfsohn@fox.com and on Twitter: @JosephWulfsohn.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Biden acknowledged the possibility of what he described as a &#8220;slight recession&#8221; could occur in the near future.\u00a0It was determined back in July that the U.S. suffered back-to-back consecutive<\/p>\n","protected":false},"author":1,"featured_media":1684800,"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-1684796","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\/1684796","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1684796"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1684796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1684800"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1684796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1684796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1684796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}