are pushing to bring their climate and health care package to the floor for a vote. this bill is a major part of biden s agenda. now, the pressure is on to make sure that every democrat in the senate, including kyrsten sinema, is on board. every member in a few days to read the bill. it s a 700-page bill, and we will all be talking, hopefully we ll get 50 votes. and today, we learned that the u.s. economy shrank for the second straight quarter, that of course is fuming fears of recession, but of course, slowing the economy is exactly what the fed is trying to do to slow inflation. and here is what president biden had to say about today s numbers. we have a record job market, record unemployment of 3. 6% today.
reality came today. looking back on this, we may say that the u.s. descended into a recession starting around the middle of this year. we re going to hear from the president coming out because he knows it s bad news this morning. laura: remember, get a get used to living with less is there policy. they also know that the r word hurts politically so they fudge the numbers. biden may be covid free but today he was also a fact of free. let me give you what the facts are in terms of the state of the economy. businesses are investing in america at record rates. we have a record job market of record unemployment. this is probably the strongest rebound in american manufacturing, that doesn t sound like a recession to me. laura: you never see him walk faster. everything you just heard him say is a lie.
make it available. meanwhile, senate democrats are pushing to bring their climate and health care package to the floor for a vote. this bill is a major part of biden s agenda. now, the pressure is on to make sure that every democrat in the senate, including kyrsten sinema, is on board. every member in a few days to read the bill. it s a 700-page bill, and we will all be talking, hopefully we ll get 50 votes. and today, we learned that the u.s. economy shrank for the second straight quarter, that of course is fuming fears of recession, but of course, slowing the economy is exactly what the fed is trying to do to slow inflation. and here is what president biden had to say about today s numbers. we have a record job market, record unemployment of 3.6% today. we ve created 9 million new
that comes after a steeper 1.6% decline in the first three months of the year. but that hasn t hit the labour market yet. us treasury secretary janet yellen said the economy is now at full employment with the unemployment ratejust 3.6%. meanwhile, prices for groceries, petrol and other basics are rising at the fastest pace since 1981. he s what president biden had to say. both chairman powell and many of the significant banking personnel and economists say we re not in a recession. let mejust give we re not in a recession. let me just give you what the facts are in terms of the state of economy. number one. we ve a record job market, record unemployment of 3.6% today. we ve created 9 million new jobs so far, just since i ve become president. businesses
in the provinces. the people are happy and thriving, period. and with that, biden left the stage. watch and let me speak to one other issue. let me speak to one other issue ,the gdp and whether or not we are in a recession. both chairman powell and many of the significant bankingl personnel and economists say we re not inan recession. let me just give you what the facts are in terms of the statehe, the economy. numberec one , we have a record job market of record unemployment of three point six percent today and the inflation reduction act or add another three hundred and seventy billion in clean energy tax credits in record affiliation, including incentives to accelerate domestic productionce of solar panels, wind turbines,