Even the Director of Biden’s National Economic Council Has Been Forced to Admit the Economy is “Spiraling Downward”

by Michael Snyder
The Economic Collapse Blog

If your economy is “spiraling downward”, is that a good sign or a bad sign? To me, that doesn’t sound good at all, but if I am mistaken please tell me. I just want to make sure that I am not “misinterpreting” anything. Brian Deese, the man who will shortly be serving as the head of the National Economic Council, has publicly stated that our economy is “spiraling downward” at this moment. When I hear that, I picture a passenger airplane that completely loses control just before it crashes. But according to Deese, there is a solution. All we need to do is to pass the 1.9 trillion dollar stimulus package that Joe Biden is proposing…

A top economic adviser to President-elect Joe Biden warned the US economy is “spiraling downward” and called for swift action to address vulnerabilities that the global pandemic has drawn into focus.

Brian Deese, who will serve as director of Biden’s National Economic Council, said Sunday that the incoming administration’s $1.9 trillion spending plan would generate “the kind of robust recovery we need.”

That sounds so good.

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