EVERYTHING IS GOING SWIMMINGLY: Recession ‘is here’ and will ‘last for awhile,’ former White House economist says.

During an interview on “Mornings with Maria” Thursday, former Reagan economist Art Laffer discussed the economic risks the country is facing, arguing recession is already here and will last for a while as the Fed tries to navigate rising prices.

ART LAFFER: Can I just say, how can they forecast a 50% chance of a recession when it’s already happened, Maria? The first quarter was negative. The second quarter probably is negative as well. If you believe the Atlanta Fed, the recession is already here. It’s already happened. 50% is just a silly number. We’re in a recession. The question is, how bad is it going to be?

The fun part will be reading all the “Unexpectedly” articles once the recession becomes official.