Recessions happen. They are not always the fault of the administration in office when they do (although there is always blame directed to politicans when they do happen). This recession, however, could have been avoided. Democrats Deliver: Recession. This is all on Team Biden.
What did the Biden Administration think would happen? Hyper spending and driving gasoline and diesel prices up (by actively restricting oil development and pipelines) which of course drives up the price of everything else. Both the inflation and skyrocketing energy prices were predictable.
Restricting Canadian and US oil production also contributed to giving Putin the ability to go into Ukraine. He had leverage over Western Europe due to their dependence on Russia for natural gas. Do you really think Putin would have done that if the US was still exporting oil like it was under President Trump.
It is like the Biden Administration wanted a world wide economic collapse. Why is that?
Here is a sign of things to come. Those midterm elections should be interesting!
Instapundit: Milton Friedman is not runing the show anymore, Is everyone at the Federal Reserve on drugs?, US Economy Enters Recession, and Now they want more oil?
AoSHQ: U.S. Economy Enterest Recession, Biden now wants oil?, and Morning Report 06.15.22
TOM: ‘Orange Man Bad!’ Trump Still Living Rent-Free in the Left’s Collective HeadLegal Insurrection: Democrat Show Trial Fail
Don Surber: Biden proves Krugman Right
Powerline: How High the Wave?
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