New Hampshire’s Republican Governor Chris Sununu offered up a serious warning that the United States is destined to suffer from a recession – while blasting Treasury Secretary Janet Yellen for “completely misleading America.”
Sununu spoke on CNN’s State of the Union to caution that, contrary to the lies spread by the Biden administration, “A recession is coming.”
“You cannot add $5 trillion to America’s balance sheet and just hope it goes away. The recession is coming. The Fed, I think, has known this for a while. They’ve kind of ignored it,” the governor said to host Jake Tapper.
“They should have been easing us into the right rates and where we need to go over a year ago. You have a treasury secretary who is saying, ‘Oh, it’s not inevitable.’ Well, of course, it’s inevitable. You don’t need four years of Dartmouth economics to know that when you add $5 trillion, there has to be some outcome, and unfortunately, the outcome is high gas prices, high housing prices, the price of a taco is getting unbearable for some folks,” Sununu said.
“And it hits middle and lower-income families very, very hard. That’s just going to be the issue going forward,” he added.
The Governor was then asked about how we could possibly improve the dire situation, to which he responded we should start by terminating the Biden appointed Yellen from her role as Treasury Secretary.
“First, I would fire the Treasury Secretary. I think she’s completely misled America,” Sununu said.
Last month, Yellen appeared on ABC’s “This Week with George Stephanopoulos,” claiming that inflation is at “unacceptably high levels” but that a recession might not be around the corner.
“I expect the economy to slow,” Yellen said. “It’s been growing at a very rapid rate, as the economy, as the labor market, has recovered. We have reached full employment. It’s natural now that we expect a transition to steady and stable growth, but I don’t think a recession is at all inevitable.”
But the issue is much larger than just Yellen. Almost every member of the Biden team has been pushing the falsehood that the economy is “stronger than ever” in what can only be described as a dangerous attempt to deceive the American public.
Inflation hit a 40-year high in May. Gas prices have also hurt Americans as prices have soared to record levels this year and have doubled over the cost per gallon just two years ago.
Major CEOs like Tesla’s Elon Musk have also recently spoken out about predictions of a recession.
In June, Musk said, “A recession is inevitable at some point. As to whether there is a recession in the near term, that is more likely than not. It is not a certainty, but it appears more likely than not.”
Even a former Obama administration economic adviser, Larry Summers, has recently warned that a concerning number of economic signs are pointing to a recession within the next two years, but thanks to Biden’s incompetency – it’s likely we’ll be hit by the economic downturn sooner rather than later.