ICYMI: Recessions Odds Hits 100% as Biden’s Woes Continue

For Joe Biden and the Democratic Party, the active campaign strategy being employed appear to be subterfuge at best, obfuscation as worst.

That’s because the liberal left has been lying to us for weeks now about which of the plethora of problems we face today are the most pressing for the coming midterms.

While the Democrats would certainly like to have their base fired up about hot-button issues such as abortion, there is no denying that the economy is going to be the most salient conversations come November.

A US recession is effectively certain in the next 12 months in new Bloomberg Economics model projections, a blow to President Joe Biden’s economic messaging ahead of the November midterms.

The prediction was unsettling, to say the least.

The latest recession probability models by Bloomberg economists Anna Wong and Eliza Winger forecast 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.

The forecast will be unwelcome news for Biden, who has repeatedly said the US will avoid a recession and that any downturn would be “very slight,” as he seeks to reassure Americans the economy is on solid footing under his administration.

Should a recession come to fruition, not only will the midterm elections be flipped on its head, but Joe Biden will need to seriously reconsider his insistence on running for the White House again in 2024.


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