As the White House awaits a much-anticipated report that could post a gloomy outlook on growing inflation for the year, President Joe Biden continued to make it clear that the United States isn’t headed for a recession.
“We’re not going to be in a recession, in my view,” he explained to reporters on Monday. “The employment rate is still one of the lowest we’ve had in history. It’s in the 3.6 (percent) area. We still find ourselves, the people, investing.”
That said, he didn’t address the growing cost of food and housing in the country; and even with the slowly decreasing price in gas, it continues to hover around just under the $4 range across the country.
The report will reveal all the numbers necessary, but should Biden be prepared for a recession just in case things don’t improve? Joining us to provide some clarity on this subject is our guest, Steve Beaman, CEO of Elevare Club, a provider of services to small businesses.
Q&A:
- Welcome Steve. Could you please give us the classic definition of a recession and tell us what Biden is doing to try and change that definition?
- Why do you believe President Biden is so confident when it comes to believing that the U.S. won’t see a recession?
- Biden’s been boasting quite a bit lately about the lowering of gas prices recently. But isn’t there more to finding a resolution with inflation?
- He made note of the employment rate in his speech to reporters, but what kind of effect does this have on inflation as a whole? He doesn’t seem to mention anything pertaining to the people still out of work or struggling to find it.
- In your point of view, do you think the United States will see any kind of recession? How should U.S. citizens prepare for it, just in case?
- What advice do you have when it comes to saving money, or at the very least trying to make ends meet as inflation continues its slow but steady rise?
- Where may we get more information on what we discussed and your services? Answer: www.ElevareClub.com
Steve Beaman is a self-made millionaire who sunk to the depths of financial despair and rose back up to the heights of economic prosperity. Having enjoyed years of a happy marriage to falling into the depths of divorce, destruction, and despair, Steve has seen it all. Steve worked at Wharton Econometrics, Zacks Investment Research, and the E.F. Hutton Company. A founding partner of the Wall Street firm Chicago Investment Analytics, Steve sold the firm to Charles Schwab in 2000. Currently, Steve is CEO of Elevare Club, a holding company for a group of companies providing services for small businesses, including the capital, payment processing, accounting, legal, advertising, and even help in hiring. Steve is a licensed scuba diver, a private pilot, and the father of six children.
CONTACT: To schedule an interview with Steve Beaman, call Jerry McGlothlin at 919-437-0001 or email jerry@specialguests.com
