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[Biden Administration] The Recession Is Here. Does It Matter? (John Hinderaker) The Biden administration is continuing its effort to spin bad economic news. Biden’s statement on today’s negative GDP report avoided any reference to recession, or even to the fact that the GDP number was negative. Coming off of last year’s historic economic growth – and regaining all the private sector jobs lost during the pandemic crisis – it’s no surprise that the economy is slowing down as the Federal Reserve Published:7/28/2022 2:29:19 PM
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