Commentary
Just a few hours before President Biden tied his political fate to the economy, embracing the term “Bidenomics” in a Chicago speech Wednesday, June 28, he was still trying to dispel worries about a looming recession. A reporter asked Biden, before he boarded Marine One, whether he believed the worst of inflation was over.
“Let me put it this way: I’ve been hearing every month there’s going to be a recession next month,” the president responded. “Two-thirds of economists and the major leaders in the banks think we’re not going to have a recession. I don’t think so either.”…