President Joe Biden speaks throughout an interview with the Associated Press within the Oval Office of the White House, Thursday, June 16, 2022, in Washington.
Evan Vucci | AP
President Joe Biden instructed The Associated Press on Thursday that the American individuals are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility within the economic system and now surging gasoline costs which are hitting household budgets.
He stated a recession is just not inevitable and bristled at claims by Republican lawmakers that final 12 months’s Covid-19 support plan was totally guilty for inflation reaching a 40-year excessive, calling that argument “bizarre.”
As for the general American mindset, Biden stated, “People are really, really down.”
“They’re really down,” he stated. “The need for mental health in America, it has skyrocketed, because people have seen everything upset. Everything they’ve counted on upset. But most of it’s the consequence of what’s happened, what happened as a consequence of the Covid crisis.”
Speaking to the AP in a 30-minute Oval Office interview, Biden addressed the warnings by economists that the United States may very well be headed for a recession.
“First of all, it’s not inevitable,” he stated. “Secondly, we’re in a stronger position than any nation in the world to overcome this inflation.”
The president stated he noticed cause for optimism with the three.6% unemployment charge and America’s relative energy on the planet.
“Be confident, because I am confident we’re better positioned than any country in the world to own the second quarter of the 21st century,” Biden stated. “That’s not hyperbole, that’s a fact.”