President Joe Biden does not want to admit it. But let me tell you that it is now confirmed that the American economy is in recession. Latest data show that the gross domestic product (GDP) fell 1.6 percent in the first quarter and fell 0.9 percent in the second quarter. Many textbooks define “recession” as…
Tag: inflation
DEBIT CARDS WON’T SOLVE GAS PRICE PROBLEM
Gavin Newsom, governor of California, is proposing to provide direct payment to vehicle owners, as relief for rising prices of gasoline. Unfortunately, such a proposal would not address the core of the problem that is leading to the rising prices of gas. According to Governor Newsom’s proposal, Californians would receive debit cards, worth 400 dollars…
LONG LINES AND EMPTY SHELVES
If you thought that the problem of shortages at grocery stores is over, you may be wrong. Over a period of many months, I have experienced the lack of availability of products when shopping for groceries. To this day, the problem continues. Even when products are available, the range of brand options have been reduced….
ECONOMIC CHALLENGES CONTINUE EVEN AFTER THANKSGIVING DAY
President Joe Biden, while speaking to Al Roker of NBC on Thanksgiving Day, enthusiastically claimed that “America is back”. His words were an expression of joy, contrary to what millions of Americans are feeling as they deal with inflation, worker crisis, and shortage of essential products. Thanksgiving Day is a special day. Across the country,…