Cole: America’s fears of economic recession come true
For several months, Americans have grown increasingly nervous that our nation’s economy was heading toward recession.
Unfortunately, those fears became a reality last week when the Bureau of Economic Analysis reported that Gross Domestic Product (GDP) declined for a second consecutive quarter, which constitutes an economic recession.
Although President Joe Biden continues to deny our nation has reached the point of an economic recession, he can’t hide from the numbers.
There is no question that our economic crisis is out of control.