Simon Conway

Simon Conway

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Does Biden's terrible economy make you think we are headed to recession?

President Biden Departs White House For NATO Meeting In Brussels

Photo: Getty Images North America

It is clear that Biden's economy is tanking as it shrank 1.4% at the start of 2022 which makes it the worst quarter since the country was shut down two years ago.

Economists had been anticipating a 1.1% growth.

Earlier this week Deutsche Bank warned that the US was headed to recession.

Today Hy-Vee announced that it was cutting 500 jobs from it's corporate office and moving those jobs into it's stores.

According to WHO-TV, "Hy-Vee cited an eleven-percent inflation rate in a full-page ad distributed to Iowa newspapers Wednesday as a major reason for their corporate cuts. While Mitchell does not believe the country is headed into a recession yet, he said the inflation rates are a reason to stay cautious."

What do you think? Does Biden's terrible economy and Hy-Vee Corporate cuts make you think we are headed to recession? 

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