Economy contracts as 'Bidenflation' glides toward 'Bidencession'

You have to feel sympathy for President Joe Biden‘s defenders. There is only so much they can do.

For the longest time, they made excuses for the record levels of inflation. At first, they claimed that it would be transitory. When that line was no longer plausible, they argued that it was Russian President Vladimir Putin‘s fault. When this proved unconvincing, they took up a new argument: that in spite of appearances, the economy was actually doing really well — that it was “deceptively strong.”