“Tell me what to take off the plate if you want me to put something else on the plate. I come to you as a city and say, “This is all we have, that’s it,” the Big Apple mayor said during an event in Staten Island at Sanzer Yeshiva hosted by the nonprofit Project Hospitality, according to a Hamodia report. . “We are in an economic crisis that you never imagine,” he added. “Wall Street is collapsing. we are in a recession.” Biden refused to accept the idea that two consecutive quarters of negative GDP growth meant the US economy had slipped into recession earlier on Thursday. Biden’s team was accused of trying to redefine “recession” on Wednesday. Getty Images Commerce ministry data showed real GDP fell 0.9 percent in the second quarter, after a 1.6 percent decline in the first quarter. Economists had forecast a meager 0.3 percent growth and raised fears that the Federal Reserve’s efforts to curb inflation had backfired. Even Vice President Kamala Harris admitted that “inflation is very high” and “our economy is slowing down” during a visit to Bedford-Stuyvesant while cheering for new federal dollars for underserved communities Thursday afternoon. Adams later retracted the comments. “The president will decide on the official title of where we are. this is the president and i follow the president’s lead. We are facing difficult economic times, but we will overcome it, because I have confidence in the president,” he told Hamodia.
