Welcome to today's edition of the Carl Jackson Show Podcast. On today's show, we're going to be talking about some of the breaking headlines, news is popping already like crazy.

We're going to talk about the great American pay cut by things you're paying more for. Thanks to bite inflation. Also, ex-CEOs of McDonald's and Best Buy have come out and said, listen, we need to return these businesses, these corporations in America back to a customer focus oriented businesses.

Rather than these woke corporations will get into that. And 80 reasons why grooming children is evil. We'll talk about that next on today's edition of the Carl Jackson Show Podcast.

Welcome to today's edition of the Carl Jackson Show Podcast. Here's something that just broke moments ago. The GDP goes negative. The economy shrinks by 1.4%.

As 2022 begins, you guys know, if you heard my radio show last night that the Democrat Party are scurrying to try to get some portion of the Build Back Better Build Pass, which would be a disaster for America.

Here's what Democrats want you to believe. Democrats want you to believe that when you're in debt, when you're already struggling financially, the way in which you can solve your debt crisis problem is to pull out a credit card.

Now, we all know instinctively that is dumb as all get out, but that's what the left wants you to believe. They want you to believe that you can spend your way out of debt. Does that sound dumb? It should because it is.

But this is who the Democrat Party is today. They want power, they want control, they do not care about your well-being. Had to bright part.

The US economy unexpectedly contracted in the first three months of 2022 as the economy was battered by a surge in COVID-19 cases from the Omicron variant, ongoing supply chain problems, surging fuel practice, and a flood of imports.

The Bureau of Economic Analysis said this on Thursday that gross domestic product decreased at an annual rate of 1.4%. In the first quarter of 2022, economists had expected the economy to grow by 1.1%.

I don't understand how any economists expected the economy to grow.

These guys, the Democrat Party, have been taking a sledgehammer to the economy and they want to continue to spend more. These people want to...it's weird. It's weird because there's a dichotomy that exists.

They want to fundamentally transform America, which means they have to intentionally destroy the foundations of America. But at the same time, they're so incompetent and inept doing it, they're not managing the decline.

They're just causing us to stray fall off of a cliff if that makes any type of sense whatsoever. But this is the situation that we find ourselves in. So private inventory, investment, exports, and government spending fail in the first quarter, imports, which are a subtraction from GDP surge.

Now, if we have two consecutive quarters of economic decline, we're talking about a recession. I want to brace you guys. You guys already know what's going on. You're not children, you're adults, you're smart. Prepare yourselves.

Pay off debt, stock up, whenever you can go. I say this frequently, but I mean it with all sincerity. I think all of us are going to be hurting a little bit. And I want you to be prepared as best as possible.

So if you have the ability to stock up a little bit on gross, re-items, toiletries, any essentials that you may need, just buy a little bit at a time. You don't have to be rich to do that. You go to the store, you buy a can of green beans maybe, buy two.

You know, stick one save one for save one for rainy day. If you buy tuna or chicken in a can store, you know, save it for rainy day. If you can afford to buy meat patties, whatever it may be that you can freeze and put on the side an extra pack or so.

Save it for a rainy day. I think times are going to get tough. I mean, we have the weakest president. I think in American history.

It's sad. We're in a sad state of affairs. We are in a sad state of affairs. So that's not good news. That's not going to bode well. The story goes on to say personal consumption, expenditures and real estate spending increased suggesting that despite the slowdown in growth, there was no let up in inflationary pressures.

That raises the danger that the economy is heading toward stack flation where growth lags below trend and inflation remains above trend.

So I mean, times can get really tough. It goes on to say inflation ran hot in the first quarter. The personal consumption expenditure price index, which is the federal reserves preferred gauge of price stability rose by seven percent.

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