US RECESSION WATCH — Second Quarter GDP comes successful astatine antagonistic 0.9%.
The GDP shrank by 1.6 percent successful the archetypal 4th of 2022.
The US system is successful a recession nary substance what the Biden Regime says.
CNBC’s Rick Santelli reacted to the 2nd 4th GDP driblet Thursday morning.
TRENDING: IT'S OFFICIAL: Second Quarter GDP Comes In astatine Negative 0.9 Percent -- US OFFICIALLY ENTERS BIDEN RECESSION (Video)
“Oh my gosh!” Santelli shouted arsenic the GDP numbers were released. “Down 0.9% connected archetypal and 2nd 4th GDP! Down 9/10 of 1%!”
Santelli blasted the Biden Regime for trying to redefine the word recession.
“There’s an enactment that decides whether there’s a recession oregon not but investors? They’re not gonna wait! Two back-to-back quarters! It’s not good! Call it immoderate you want!” Santelli said.
Joe Biden connected Monday consecutive up denied the US is going into a recession.
“We’re not gonna beryllium successful a recession successful my view,” Biden said rattling disconnected his talking points that the US is going to spell from “rapid maturation to dependable growth.”
Biden: “We’re not gonna beryllium successful a recession successful my view” pic.twitter.com/A9Y8TaQRhu
— Greg Price (@greg_price11) July 25, 2022