White House Denies Recession
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White House Denies Recession
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The Biden administration is trying to change the definition of a recession to avoid political blowback. We must pray against this.
From Daily Caller. The White House has been challenging a commonly-used definition of “recession” in advance of economic data coming out Thursday, but one economist took the air out of the administration’s argument with a single graph.
Have you taken your place on the wall?
Biden administration officials, including Treasury Secretary Janet Yellen and economic adviser Brian Deese, have argued that even if second quarter GDP data scheduled to be released Thursday show negative growth for a second successive quarter, the economy is still not in a recession. Back-to-back quarters of negative growth is what many people think of as the definition of “recession,” and indeed is included in Google’s definition.
Michael Strain, resident scholar and director of economic policy studies at the American Enterprise Institute (AEI) took to Twitter to point out that each of the past ten times the economy has experienced two consecutive quarters of negative growth, a recession has, in fact, ultimately been declared….
How are you praying for our economy? Share your thoughts and prayers below.
(Excerpt from Daily Caller. Photo Credit: Canva)
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Father, We your children need you to lead and guide our President; redefining a word doesn’t change our reality. Our country is on the brink of disaster on so many levels and we need you to redirect and bring about the change we so desperately need. Lord save President Biden and help him to see the error of his ways and restore our nation and our economy back to something that will bring blessings to your people. Thank you God for you are the final authority we need to answer to. Give us the power to persevere in prayer as we wait on You. Thank you Lord for you do amazing things. Open the eyes of the blind.
Amen
Lord, open the eyes of the blind in government and in business. As the scripture says are days are number. And you will judge all those who take advantage of your children.
Let us continue to pray for all these people and keep our faith strong and
I pray that this mountain of economic deception is moved in the name of Jesus.
GOD! Give us Wisdom and Discernment.
YOU are not in a Crisis!
May those who Trust You, TRUST YOU!
May we be enlightened by YOU!
This is a perfect time to see Your Glory displayed!
All eyes on You Lord, All eyes on You! (Peter when he walked on water)
Believe and He will Save!
Proverbs 9:10 Amplified Bible
10 The [reverent] fear of the Lord [that is, worshiping Him and regarding Him as truly awesome] is the beginning and the preeminent part of wisdom [its starting point and its essence],
And the knowledge of the Holy One is understanding and spiritual insight.
The Lord knows everything. We must fix our eyes on Him. He is the stability of our times. The government, remember, can be a “beast.” We pray that God will make right everything that is wrong.