US President Biden's comments that the economy is doing well were refuted by Eric Adams, who later changed his position. So what's the truth? Is the Wall Street actually collapsing?
President Joe Biden's prior assertions that the economy is "on the right path" have been refuted by New York Mayor Eric Adams, who declared on Thursday that the US has entered a recession.
"We are in a financial crisis like you can never imagine… Wall Street is collapsing; we are in a recession," Adams stated at a Project Hospitality event in New York, as reported by Hamodia.
“You tell me what to take off the plate if you want me to put something else on the plate. I’m coming to you as a city and saying, ‘This is how much we have, that’s it,” he proclaimed.
The top city official's remarks conflict with Biden's earlier reassurance that, while "the economy is slowing down," Washington's attempts to combat the country's growing inflation placed it "on the right path."
Adams and Biden were c...