Originally posted at >>>/qrb/139848 (201645ZJUN22) Notable: Biden Says US Recession Avoidable After Call With Ex-Treasury Secretary Summers and another attempt to say shit that is 'not happening' but has been from muh "expurts" plus some background on Greenspan
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Biden Says US Recession Avoidable After Call With Ex-Treasury Secretary Summers
President Joe Biden reiterated that a US recession isn’t “inevitable” following a conversation with former Treasury Secretary Lawrence Summers, who sees a significant chance the country will find itself battling stagflation. “I was talking to Larry Summers this morning, and there’s nothing inevitable about a recession,” Biden told reporters Monday at Rehoboth Beach, Delaware. “I think we’re going to be able to get a change in Medicare and a reduction in the cost of insulin.”
BTW potato and potata went back to DC earlier today via Helo or Osprey
https://factba.se/biden/calendar
The White House and congressional Democrats are in talks on legislation that aims to fight inflation, rein in the deficit and revive parts of Biden’s agenda. The contours of a potential deal remain under negotiation, but the package would likely include capping the price of insulin a key medicine for diabetics and federal investments in both clean energy and fossil fuels, people briefed on the talks said last week. It would also further reduce the budget deficit and boost taxes on the wealthy, corporations or both, they said.
Democrats are desperate for a policy response to inflation, which is at a four-decade high and, unless curbed, is all but certain to cost them control of the House, Senate or both in November’s midterm elections. Gasoline, a critical component of the American household budget, costs $5 a gallon on average nationwide, according to the AAA motor club, and hit a record earlier this month.
Seeking to quell thPost too long. Click here to view the full text.