Biden Says More Time Needed to Lower Inflation; US Not Near Recession

The video discusses economic challenges, focusing on inflation as a key issue for black voters. It highlights efforts to reduce black unemployment and support small businesses. The impact of oil companies on gas prices is examined, along with measures to lower prescription drug costs, particularly insulin. The video concludes with optimism about economic growth and controlling inflation without entering a recession.

What was identified as the number one issue for black voters in the study mentioned?

• Inflation

• Education

• Crime

• Healthcare

What has the administration done to support black-owned businesses?

• Increased taxes

• Provided down payments for homes

• Offered free business courses

• Reduced business regulations

What is one of the main criticisms of oil companies according to the transcript?

• They are reducing oil production

• They are lowering gas prices too much

• They are investing too much in renewable energy

• They are not investing in refineries

How much will the cost of insulin be reduced to, according to the new measures?

• $100

• $50

• $35

• $400

What is the administration's outlook on the possibility of a recession?

• A recession is unlikely

• A recession will happen next year

• A recession is already happening

• A recession is inevitable