Despite the Biden administration’s furious denials, an increasing share of the American public thinks the U.S. economy is in a recession.
Last week, Presdident Joe Biden went all out to play down the Commerce Department’s report that the economy had contracted for a second consecutive quarter, a popular definition of a recession.
Biden cited very low unemployment rates to defend his management of the nation’s economic affairs. The unemployment rate in June was 3.6 percent.
“That doesn’t sound like a recession to me,” Biden said.
A broad range of Americans