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Americans Who Think We’re in a Recession Are Actually Just Confused: White House Adviser


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WestVirginiaRebel
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White House economic adviser Jared Bernstein said recently that Americans who think the country has fallen into a recession are basically confused about the source of their economic pain, while doubling down on the Biden administration’s view that the U.S. economy isn’t, in fact, in a contraction, despite two back-to-back quarterly negative GDP prints.

Jared Bernstein, who’s a member of the White House Council of Economic Advisers, told CNN’s “Situation Room” program last week that while it’s understandable that most Americans think the country is in a recession, the reason they feel that way is because of high inflation rather than economic fundamentals or a shrinking economy.

“Most people are thinking about inflation. They’re thinking about the pressures on their family budgets. And it’s completely understandable that they would be,” Bernstein said, adding that inflation in the United States is running unacceptably high.

According to the latest Consumer Price Index (CPI) data, U.S. inflation soared to 9.1 percent in annual terms in June, a fresh 40-year high.

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"You can't really not afford your groceries, you just think you can't." White House psychology...

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