As it becomes more apparent to every American that a recession is coming, many on the left are changing their tune.
After repeatedly downplaying the severity of inflation and other economic concerns, the Los Angeles Times recently published a report acknowledging the likelihood that the nation will experience a recession soon.
Of course, the article took a notably cheery tone considering the dire prediction.
As Fox News reported:
In a story titled “Yes, a recession looks inevitable. But it may not be that bad. Here’s why,” LA Times economics reporter Don Lee began by suggesting President Biden and his critics are engaging in “political theater” for “acting as though the nation faces an unprecedented catastrophe” on the subject of a looming recession.
“Behind the rhetoric, the reality is that recessions are a normal part of American economic life. The U.S. has had one, on average, every 6½ years since 1945,” Lee told readers Wednesday. “And in the present case, most professional economists think any downturn now is likely to be relatively mild, with a fairly quick recovery.”
Lee cited Cresset Capital official Jack Ablin, who’s predicting a “small ‘r’ recession” since “it’s not going to be protracted and things aren’t going to fall apart.”
Of course, many other pundits believe the nation is in store for a major economic downturn.
Biden’s press secretary says “we don’t see a recession” happening soon.
They said the same thing about inflation.
— Ronna McDaniel (@GOPChairwoman) June 22, 2022
The White House just said they don’t “see a recession” right now.
How about you OPEN YOUR EYES?
— Darius Mayfield (@MrMayfieldUSA) June 21, 2022
The Biden Admin is trying to change the definition of what constitutes a recession https://t.co/BcA6glHfWq
— Jack Posobiec 🇺🇸 (@JackPosobiec) June 21, 2022
The recession is here:
-The stock market sold off
-Almost NO small business confidence
-Zero GDP Growth
-Inflation at 8 to 10 percent
Brace for impact!
— Stephen Moore (@StephenMoore) June 17, 2022
Biden's new Press Secretary makes the mistake of her career:
Admits Biden “does everything that he can to elevate the pain” of Americans, then DENIES any RECESSION 😳
— Benny Johnson (@bennyjohnson) June 22, 2022
Incredibly, Joe Biden continues to insist that a recession isn’t actually inevitable at all.
According to the National Review:
Yesterday in Delaware, Biden was left to insist that a recession wasn’t inevitable . . .
Q (Inaudible) in Congress are saying a recession is even more likely than ever.
THE PRESIDENT: Not — the majority of them aren’t saying that. Come on, don’t make things up, okay? Now you’re sounding like a Republican politician. I’m joking. That was a joke. But all kidding aside — no, I don’t think it is. I was talking to Larry Summers this morning. And there’s nothing inevitable about a recession.
. . . while also trying to tell Americans to look for the silver linings:
And we also — I’m working with our team is — to put together, at the same time — my dear mother used to have an expression: “Out of everything lousy, something good will happen if you look hard enough for it.”
Here’s a clip of the White House press secretary trying to paint a rosy picture: