Mayor Eric Adams declared that the United States had entered a recession and that “Wall Street is collapsing,” contradicting President Joe Biden’s claims that the nation was doing fine earlier Thursday.
To put something else on the plate, tell me what to take off of the plate. At an event in Staten Island hosted by Project Hospitality,
the mayor of New York City said: “I’m coming to you as a city and saying that this is how much we have; this is all we have.”
I can never imagine the financial crisis we’re in,” the president continued.
According to “Wall Street is falling apart, and the economy is in a recession,”
Even after two consecutive quarters of negative GDP growth, Vice President Joe Biden remained unconvinced that the US economy had fallen into recession.
Real GDP shrank by 0.9% in the second quarter, according to data from the Commerce Department, following a decline of 1.6% in the first quarter.
The Federal Reserve’s efforts to curb inflation have backfired, according to economists, who had predicted only a 0.3 percent increase.
Even Vice President Kamala Harris acknowledged that “inflation is too high” and that “our economy is slowing down” during a visit to Bedford-Stuyvesant on Thursday afternoon to celebrate new federal funds for underserved communities.
Adams later apologized for his remarks.
There will be a final decision on the official name of where we are made by the president; that is the president, and I follow his lead.
“We’re going to get through this because I have faith in the president,” he said to Hamodia. If you want to know more latest updates so you can visit TheActiveNews.Com.