Staff Reports
Brian Deese's departure from the White House's National Economic Council is a surprise to many. Economists warned that the country could be in the midst of a recession due to rising inflation, and this move could signal the end of the administration's economic policy.
Two years ago, many economists warned that the country was heading into a recession, and inflation was rising. However, as news of a collapsing economic situation has emerged, Biden's hopes of a steady and stable recovery are fading.
According to Townhall, Joe Biden revealed that Brian Deese, his top economic advisor, is leaving the White House after almost two years. He has served as the director of the National Economic Council.
In response to the news about Deese's departure, Biden's interns released a statement to say that he had been an important part of the administration's efforts to improve the lives of Americans. They noted that he had helped guide the country's economic recovery and predicted that it would continue to grow.
As the head of the council, Deese was responsible for overseeing the implementation of the president's economic policies. Despite the concerns about the country's economy, he maintained that Biden's inflation crisis was short-lived.
Watch.
CBS' Margaret Brennan presses Biden economic advisor Brian Deese over Biden's lie that inflation was "transitory" and solely due to Putin's war:
"The tick up [of inflation] began a good year before the war in Ukraine began." pic.twitter.com/eX66j02Ieu
— RNC Research (@RNCResearch) June 19, 2022
Despite the various experts predicting that the country could be in the midst of a recession, NBC News focused on the positive aspects of the economy under Biden.
Despite the number of layoffs that have been announced, many people in the US are still working. According to the Bureau of Labor Statistics, 186,000 people were able to file for unemployment benefits last week, which is a nine-month record low. The unemployment rate also remains at 3.6%.
Despite the positive signs that the country is experiencing, many economists believe that the country is already in the midst of a recession.
It is clear that Biden did not live up to the expectations of Americans after his top economic advisor departed and inflation continued to rise. The current state of the economy shows that the country is already on the verge of collapse, and people are hoping that Donald Trump will be able to save the country from further economic woes.
The preceding is a summary of an article that originally appeared on Next news Network
