and manchin for the extraordinary effort that it took to reach this result. thank you. and let me speak to one other issue. the gdp. whether or not we are in a recession. both chairman powell and many of the significant banking per personnel and economists say we re not in recession. let me give you what the facts are in terms of the state of the economy. number one, we have a record job market of record unemployment of 3.6% today. we created 9 million new jobs so far just since i have become president. businesses are informsing in
sandra: maybe someone needs to inform president biden s people, a different risk to national security. that threat to our nation, systemic racism. you can bet katie pavlich is fired up on that. and also on deck, grover norquist, and more at 2:00, all kicking off with the kick to your wallet. we have a record job market of record unemployment of 3.6% today. we created 9 million new jobs. that doesn t sound like recession to me. thank you very much. i see inflation as our biggest issue. it s simply inconsist with a recessionary call. what happens prior before recession in u.s. history you see jobs lost and that s not what we are seeing right now. it s not what we are seeing
officials here at the white house are not going to use that word. there is going to be a lot of chatter today on wall street and among pundits about whether we are in a recession. peter: that s because two quarters of negative g.d.p. growth in a row is technically referred to as a recession but not at the white house. we have a record job market, businesses are investing in america at record rates. this is powering the strongest rebound in american manufacturing in over three decades. that doesn t sound like a recession to me. pete: economists widely report that past democratic spending bills signed by president biden have contributed to recent inflation. but those spending bills are still being celebrated at the white house. if you are making 120 grand, and you get a check for 8 grand, that s a lot of money. a recent investigation by republicans on the senate homeland security and government affairs committee reveals that china has attempted to the infiltrate the federal r
later. now i want to thank leader schumer and manchin, joe manchin, senator manchin for the extraordinary effort it took to reach this result. thank you. and let me speak to one other issue, one other issue. the g.d.p. and whether or not we are in recession. both chairman powell and many of the significant banking personnel and economists say we are not in recession. but let me just give you what the facts are in terms of the state of the economy. number one, we have a record job market of record unemployment 3.6% today. we created 9 million new jobs so far just since i ve become president. businesses are investing in america at record rates, at record rates. foreign business, like s.k. and
recession to me. reporter: as the the u.s. economy shrank for the second time this year, president biden focusing on the bright spots. we have a record job market, record unemployment of 3.6% today. businesses are investing in america at record rates. there is no doubt we expect growth to be slower than last year, and the rapid clip we had. that s consistent with a stable steady growth and lower inflation. reporter: biden s pushback coming as the latest gdp report showed the economy shrank by nearly 1% last quarter. the second consecutive decline fueling fears of a recession, or among some republicans that claim the u.s. is already there. sgr moments ago, new data confirmed what a super majority of americans already knew. democrats have plunged america into a recession. reporter: leading economists disagree, including the federal