According to the Treasury Secretary's Own Criteria, We Have Entered a Recession Once Again

InflationMoney Matters
Written By Jennifer Joslyn

Troubling data released by the Department of Commerce reveals that the economy has experienced a decline in gross domestic income (GDI) over the past six months, contradicting President Joe Biden's assertion of a "strong as hell" economy. Treasury Secretary Janet Yellen's previous statement about the economy being in a recession has now come back to haunt her, as recent economic indicators suggest the possibility of a double-dip recession. Amidst these challenges, reducing government spending remains crucial for stimulating economic growth and improving the current state of the economy.

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Jennifer Joslyn
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