Bloomberg Economics released a new model projecting the state of the U.S. economy this week, and it's more bad news for President Joe Biden and Democrats running in the midterms.
Bloomberg economists Anna Wong and Eliza Winger crunched the numbers on recession probability and the result was an optimism-killing 100% in the next year — another repudiation of the Biden White House's claims that the president's "Build Back Better" policies are working and making life better for Americans.
Bloomberg's forecast produced a "higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period in the previous update." So no, Biden is not building back better.
Bloomberg's Economic Prediction Is More Bad News for Biden and Dems
- by: Spencer Brown
- 2022-10-20
- Source:
Townhall
- 10/20/2022
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