{"id":1719863,"date":"2022-11-01T07:47:10","date_gmt":"2022-11-01T11:47:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1719863"},"modified":"2022-11-01T11:19:26","modified_gmt":"2022-11-01T15:19:26","slug":"ny-post-editorial-board-with-deep-recession-coming-biden-prepares-by-blaming-republicans","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ny-post-editorial-board-with-deep-recession-coming-biden-prepares-by-blaming-republicans\/","title":{"rendered":"NY Post Editorial Board: With Deep Recession Coming, Biden Prepares by \u2026 Blaming Republicans"},"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\">28<\/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%2Fny-post-editorial-board-with-deep-recession-coming-biden-prepares-by-blaming-republicans%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=1719863&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><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/joe-biden-7.jpg?quality=75&#038;strip=all&#038;w=1024\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>A <a href=\"https:\/\/nypost.com\/2022\/10\/24\/most-economists-say-us-already-in-recession-or-could-be-soon-survey\/\">serious recession next year<\/a> is already baked in, but don\u2019t worry: President Joe Biden is on it. That is, he\u2019s getting set to . . . blame Republicans.<\/p>\n<p>Of course, the real cause is his own disastrous policies: The nation already hit recession as traditionally defined with two quarters of negative growth in the first half of the year, and the third quarter only scored as positive thanks to a shrinking trade deficit driven by higher energy exports. Consumer spending actually slowed.<\/p>\n<p>The Bloomberg Economics forecast <a href=\"https:\/\/nypost.com\/2022\/10\/17\/us-recession-forecast-hits-100-as-inflation-rages-midterms-loom\/\">finds a 100% chance<\/a> of deep recession next year; some two-thirds of business economists in the National Association of Business Economics survey <a href=\"https:\/\/nypost.com\/2022\/10\/24\/most-economists-say-us-already-in-recession-or-could-be-soon-survey\/\">say the same<\/a>. For more warnings, <a href=\"https:\/\/nypost.com\/2022\/10\/19\/jeff-bezos-warns-of-looming-us-recession-batten-down-the-hatches\/\">ask Jeff Bezos<\/a> or Goldman Sachs CEO <a href=\"https:\/\/nypost.com\/2022\/10\/18\/goldman-ceo-david-solomon-sees-good-chance-of-recession\/\">David Solomon<\/a>.<\/p>\n<p>So there was Biden last week, <a href=\"https:\/\/nypost.com\/2022\/10\/24\/biden-calls-democrats-the-fiscally-responsible-party\/\">thundering that a GOP victory in the midterms<\/a> will \u201ccrash the economy\u201d and hike inflation, while bizarrely arguing Democrats \u201care fiscally responsible.\u201d <\/p>\n<aside class=\"single__inline-module alignright\">\n\t<\/aside>\n<p>He brags that the federal deficit dropped by $1.4 trillion in the last fiscal year, skipping the facts that 1) the cause was simply the end of COVID emergency outlays and 2) it would\u2019ve dropped twice as much without all the new spending he\u2019s rammed through.<\/p>\n<p>Meanwhile, the inflation his spending spree triggered rampages on, with the Federal Reserve obliged to keep hiking interest rates to choke it off, further pushing the economy down. <\/p>\n<p>Biden and his fellow Dems <a href=\"https:\/\/nypost.com\/2022\/10\/16\/joe-biden-insists-us-economy-is-strong-as-hell-as-he-munches-an-ice-cream-cone\/\">ignored months of warning signs<\/a>, <a href=\"https:\/\/nypost.com\/2021\/10\/13\/yet-another-biden-claim-that-inflation-is-temporary-proves-wrong\/\" target=\"_blank\" rel=\"noreferrer noopener\">dismissing skyrocketing inflation as \u201ctransitory\u201d<\/a><strong> <\/strong>(when they weren\u2019t <a href=\"https:\/\/nypost.com\/2021\/10\/19\/white-house-minimizes-supply-chain-crisis-as-tragedy-of-the-treadmill\/\">outright mocking average Americans\u2019 worries<\/a>) and carried on with their economic arson.\u00a0\u00a0<\/p>\n<p>The political result: <a href=\"https:\/\/nypost.com\/2022\/10\/21\/senate-polls-swing-toward-republicans-as-economy-sours\/\">a huge swing in momentum to the GOP<\/a>. And the <a href=\"https:\/\/nypost.com\/2022\/10\/21\/biden-says-midterms-not-referendum-on-him-claims-deficit-cut-credit\/\">polls show the voters know that the party in power is to blame<\/a> for our economic misery.\u00a0<\/p>\n<p>That all the president can think to do is blather about the imaginary future crimes of the opposition is simply a sign that, even after Democrats\u2019 coming shellacking, he\u2019ll remain a huge part of the problem.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A serious recession next year is already baked in, but don\u2019t worry: President Joe Biden is on it. That is, he\u2019s getting set to . . . blame<\/p>\n","protected":false},"author":1,"featured_media":1719867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1719863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1719863","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=1719863"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1719863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1719867"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1719863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1719863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1719863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}