| Unleash Prosperity Hotline Issue #332 07/22/2021 |
| 1) Yes, Biden REALLY Said Trillions More In Borrowing And Spending Will Cure Inflation Could this be the dumbest thing a president has said in modern times? Watch for yourself if you don’t believe us.  |
| 2) Recession Ended In April 2020! The National Bureau of Economic Research (NBER), is the scholarly group that tells us when recessions officially begin and when they end. NBER’s new report tells us the recession ended in April. No, not THIS April. April of 2020 – a year and a half ago! Two things made this recession unique. First the depth of the decline in the first months of 2020. GDP collapsed by a record 31%. Second, this was the shortest recession on record. By May of last year, the economy was clawing back. Admittedly, the recovery in the summer of 2020 was distorted by the fake growth of government spending “stimulus.” But clearly, Joe Biden inherited an economy well into recovery – which has sped up, not because of his policies, but because of the vaccine. NBER concludes its analysis by stating: “The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession associated with the February 2020 peak. The basis for this decision was the length and strength of the recovery to date.” In other words, Joe, when the economy collapses under the weight of your tax, borrow, spend and regulate the economy – no blaming your predecessor. https://www.nber.org/news/business-cycle-dating-committee-announcement-july-19-2021 |
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