Contrary to what the Biden administration will have you believe, America is already in the midst of a recession – and if this new report is any indication things are about to get a whole lot worse.
Biden and his team have attempted to rewrite the definition of the word recession, arguing that the U.S. has not entered one despite two consecutive quarters of GDP contraction, peddling misleading payroll data as proof that the economy is ‘booming.’
But those numbers which the administration has relied so heavily on may be about to take a drastic turn as a majority of the nation’s largest companies are prepping to unleash waves of layoffs which could put the final nail in a fragile Biden economy.
On top of layoffs, an even larger majority of companies are planning to institute a complete hiring freeze, meaning job growth will grind to a screeching halt at the same time.
The combination of mass layoffs with a hiring freeze means that a large portion of the population will soon find themselves jobless, with no ability to get a new one.
What’s worse, however, is that thanks to the President’s irresponsible rhetoric on the economy, many Americans will be caught off guard by the impact that the layoffs will have – making it more likely that they and their families will suffer as a result.
To see how incredibly dangerous this massive layoff spree will be, watch the video here.
I do not understand why Biden and his whole resigned r allowed to keep lying to us and destroying this country. They all need to go. Obviously they want everything for themselves and nothing for us. Need to throw the whole bunch of them out and need to do it soon. God be with us