rant · moment 1 of 21
Recession Talk and Inflation
from The Life Coach | The Tim Dillon Show #309 · #309
2 min
Tim opens by discussing debate over whether the US is in a recession, rising gas and food prices, and Biden's claims the economy is fine despite negative growth.
- Tim defines recession as two consecutive quarters of negative growth, which the US hasn't technically had.
- Feeding a fat American family now costs about $3,000 a week with inflation on food.
- Biden says the US is not in a recession despite two consecutive quarters of economic shrinkage.
- Job numbers remain good and people are employed, which Tim identifies as a positive amid the economic pain.