Biden Quickly Attempts to Spin Unexpected Economic Shrinkage by Issuing Statement

Amid talk of stagflation hitting the American economy, President Joe Biden issued a statement saying all is well.
On Thursday, Commerce Department data said that America’s gross domestic product declined at an annualized pace of 1.4 percent in the first quarter, according to CNBC. The decline was a stark swing from the 1 percent gain that had been forecast.
Axios said the data gave off a “distinct whiff of stagflation,” which is an economic condition not seen since the 1970s. T