President Joe Biden responded to a question about a potential recession by stating “I’m not concerned about a recession. I mean, you’re always concerned about, uh, recession” on Thursday.
“Sir, how concerned are you about a recession, given the GDP report today showed a contraction of 1.4% in the first quarter,” a reporter asked Biden.
“Well, I-I-I-I’m not concerned about a recession,” Biden replied. “I mean, you’re always concerned about recession, but the GDP, you know, fell to 1.4%.”
Biden continued, “But here’s the deal; we also had last quarter had consumer spending and business investment and residential investment increased at significant rates, both for leisure as well as hard product. Number one number two. Unemployment is at the lowest rate since 1970.”
The President also claimed a “record 4.5 million businesses were created last year.”
Reporter: "How concerned are you about a recession, given the GDP report today?"
President Biden: "I'm not concerned about a recession. I mean, you're always concerned about recession, but the GDP, you know, fell to 1.4%." https://t.co/7ZREZVdqqQ pic.twitter.com/cJvsg1xmMC
— The Hill (@thehill) April 28, 2022
Biden also struggled to speak earlier today as he discussed specific actions the United States is taking to punish those close to Russian President Vladimir Putin. He promised to “accommodate” the “oligarchs” before laughing twice.
Biden promised to “Enhance our underlying effort to accommodate the Russian oligarchs and make sure we take their, take their ill begotten gains.”
At this point, Biden apparently realized he got a word wrong, and began laughing.
“We’re going to seize their yachts, their luxury homes, and other ill begotten gains of Putin’s kleptocric– yeah, kleptocracy, the guys who are the kleptocracies,” Biden said before laughing again. He then summarized, “But these are bad guys.”
Outgoing press secretary Jen Psaki – who is leaving the administration to host a web show for MSNBC – has explained that Biden gets “frustrated” when his “passions” are ignored, or when his critics impose “limitations” on his behavior.
