August 19, 2022

Wall Street Is Collapsing – NYC Mayor

Eric Adams contradicted ALL OF US President Biden’s claims which the economy is fine before later backtracking

The united states has entered a recession, New York Mayor Eric Adams said on Thursday, contradicting earlier claims by Chief executive Joe Biden that the economy is  “ on the correct path. ”  

“ We are in a financial crisis like you can never imagine… Wall Street is certainly collapsing; we are in a recession, ”   Adams stated at a New York event hosted by nonprofit Project Food, as cited by Hamodia news outlet.

“ You tell me what to take off the plate if you want me personally to put something else on the plate. I’m coming to you as a city and saying, ‘ This is how much we have, absolutely it, ” he announced.

The top town official’s statements come in contrast with the assurances that Biden gave earlier the same day, stating that despite the fact  “ the economy can be slowing down, ”   Washington’s efforts to battle soaring pumpiing in the country put it  “ on the right path. ”

Both Adams and Biden were activities on official figures launched earlier on Thursday that showed that the US economy has shrunk for two consecutive quarters, which is considered a sign of the recession.

The newest York mayor later amended his words, however , stating that it is the president’s prerogative to describe the state of the economy.

“ The president will make a perseverance on the official title associated with where we are; that’s the chief executive, and I follow the lead of the president. We’re dealing with hard economic times, but we’re going to get through it, because I actually trust in the president, ”   he told the media.

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