Biden says recession is ‘not inevitable’

WASHINGTON – President Joe Biden told The Associated Press on Thursday that after two turbulent years with the coronavirus pandemic, volatility in the economy and now soaring gas prices hitting family budgets, the American people are “really, really devastated” .

He said a recession is not inevitable and bucked claims by Republican lawmakers that last year’s COVID-19 relief plan was entirely responsible for inflation hitting a 40-year high, calling the argument “bizarre.”

As for the general American mindset, Biden said, “People are really, really down.”

“They’re really down,” he said. “The need for mental health in America has skyrocketed because people have seen everything upset. Everything they relied on is upset. But most of it is the result of what happened, what happened as a result of the COVID crisis.”

In a 30-minute interview with the AP, Biden addressed economists’ warnings that the United States could be headed for a recession.

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“First, it’s not inevitable,” he said. “Second, we are in a stronger position than any other nation in the world to overcome this inflation.”

The President said he sees reason for optimism in the 3.6% unemployment rate and America’s relative strength in the world.

“Be confident because I am confident that we are better positioned than any other country in the world to dominate the second quarter of the 21st century,” Biden said. “That’s not an exaggeration, that’s a fact.”

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, transcribed or redistributed without permission.

https://www.local10.com/news/politics/2022/06/16/ap-interview-biden-says-recession-is-not-inevitable/ Biden says recession is ‘not inevitable’

Sarah Y. Kim

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