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Are we in a recession, or not? You decide.

 The president took to the podium to address the notion that there are those who think America is in a recession.

The following are pool reporter notes from Biden's remarks:


"Simply put, the bill will lower health care costs for millions of Americans and will be ... the most important investment" in clean energy.


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"This bill will fight inflation." 


See also: Inflation reduction

 

"This investment in environmental justice is real." 

 

"Let me be clear: this bill would be the most significant legislation in history to tackle the climate crisis." 

 

"This legislation will bring down the deficit. Bring down the deficit." 

 

"With this legislation, we're facing up to some of our biggest problems as a nation." 

 

"This bill is far from perfect. It's a compromise. But it's often how progress is made." 

 

"Pass it. Pass it for the American people. Pass it for America." 


See also: Stagflation?


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On the GDP: 

 

"Both Chairman Powell and many of the significant banking personnel and economists say we're not in a recession. ... we have a record job market, record unemployment. We've created 9 million new jobs." Noted foreign businesses are investing in the U.S. and the rebound. Added the CHIPS bill would help. 

 

"That doesn't sound like a recession to me," Biden concluded his remarks. 

Republicans slam the administration's economic package, while having no concrete path forward of their own.

We want to hear from you. Do you believe America is in a recession?

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