Joe Biden's mishandling of the economy Is quickly leading America to an Impending recession according to former Treasury secretary Larry Summers the Democrats are quick to blame external Factors such as natural disasters and Economic downturns in other countries For economic crisis that America faces However the latest prediction indicates That Biden's incompetence is the primary Reason behind the upcoming economic Collapse watch I think the chance that a recession will Have begun this year in the United States Um Over the next 12 months as this year I Think are probably about 70 uh percent Uh it's not something we can be certain Of but as I put together The lags associated with monetary policy The credit crunch risk the need for Continuing action around