US economy shrinks 0.9% in 2nd quarter

ABC News’ business reporter Alexis Christoforous and White House correspondent MaryAlice Parks breakdown the White House’s plans to deal with declining economic growth.

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27 thoughts on “US economy shrinks 0.9% in 2nd quarter

  1. “Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”

  2. "And I saw the dead, small and great, standing before God, and books were opened. And another book was opened, which is the Book of Life. And the dead were judged according to their works, by the things which were written in the books.
    The sea gave up the dead who were in it, and Death and Hades delivered up the dead who were in them. And they were judged, each one according to his works. 
    Then Death and Hades were cast into the lake of fire. This is the second death. And anyone NOT FOUND written in the Book of Life was cast into the lake of fire." (REVELATION 20:12-15 NKJV)

    Today, while you are still alive and able, may you repent from your sins, believe in your heart and confess with your mouth that JESUS CHRIST is your Lord and Savior, so that through Him, your name will be written in the Book of Life.

    "For God so loved the world that He gave His only begotten Son, that whoever BELIEVES in Him 
    should not perish but have everlasting life.
    For God did not send His Son into the world to condemn the world, but that the world through Him might be saved." (JOHN 3:16-17 NKJV)

    By God's GRACE, the gift of Salvation and Eternal Life is available to all. You can RECEIVE it. You can REJECT it. May you choose wisely… ✝️⚖️

  3. Did the Democrat mouthpieces just blame us for Democrat failed policies? "Some ppl who can't pay their bills may think they're in their own recession. " What the fck???

  4. Ppl voted for this disaster. What did ppl think would happen if you elected a career politician with no business experience?

  5. "We're not in a recession because we redefined what a recession is. We've also redefined what growth is. So the US economy has had two quarters of growth."
    – Treasury Sec. Janet "Manure Sellin" Yellin

  6. Terrorist republican leaders are trying to starve Americans to death. So the American people will do what they want. That's how some people treat animals. Starve them and they will understand. Republican terrorist leaders. Vote blue 🔵 get the republican terrorist leaders out of office.

  7. The recession is global. According to the Brookings Institute, the Russian Federation’s invasion of Ukraine was yet another supply shock to a global economy still reeling from the consequences of the COVID-19 pandemic. According to the June 2022 edition of the Global Economic Prospects report, global growth is projected to slow sharply from 5.7 percent in 2021 to 2.9 percent this year. The effects of the invasion account for most of the 1.2 percentage point downward revision to this year’s global growth forecast. Growth in emerging market and developing economies (EMDEs) is expected to slow from 6.6 percent in 2021 to 3.4 percent in 2022 due to negative spillovers from the war in Ukraine and a deteriorating global environment. Other than the pandemic-induced recession in 2020, this is the weakest year of EMDE growth since 2009.

  8. Fun fact; China now has less total population living in poverty than the U.S., and that's with over 4x our population. The pandemic gave us a rare opportunity to bring back manufacturing to the U.S., and we blew it.

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