On Friday’s broadcast of CNN’s “Situation Room,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that while it’s a good thing that the jobs report
The Department of Labor released an unexpectedly strong jobs report, shifting economists expectation about the the Fed’s next rate hike.
Labor Secretary Marty Walsh on Friday argued against talks of a recession following the U.S. economy reportedly adding 528,000 jobs in July and the unemployment rate falling to 3.5%. Walsh told “CNN Newsroom” that if the United States were “in a recession,
The Bank of England has warned that the British economy is heading into a protracted recession as it raised interest rates to fight inflation.
On Thursday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Rep. Byron Donalds (R-FL) argued that the Biden administration and Congressional Democrats have helped lower gas prices by causing a recession that has driven down oil prices. Host Dagen
Men and women. Suburbs and cities. Young and old. Richer and poorer. More educated and less. All agree we’re in a recession.
Wikipedia is introducing restrictions to prevent new and unregistered users from editing the article about economic recession. The “online encyclopedia,” which has demonstrated its leftist bias on many occasions, became the subject of intense criticism last week after editors made dozens of changes to the recession article to de-emphasize the broad consensus definition of recession — two consecutive quarters of negative GDP growth — instead parroting the Biden Administration’s talking points.
Tesla CEO Elon Musk recently criticized Wikipedia by stating that the free online encyclopedia is losing its objectivity, enraging the online encyclopedia co-founder Jimmy Wales. After Musk pointed out the fact that Wikipedia editors have significantly changed the definition of a recession to protect the Biden administration, Wales replied, “reading too much Twitter nonsense is making you stupid.”
July was the best month for stocks since 2020 and the best July for the S&P since 1939. It was also the month in which forecasts of recessions went mainstream.
Facebook recently placed a “fact-checking” label on a post written by top economist Phillip Magness, the research and education director at the American Institute for Economic Research, after he stated that America is now in a recession. Magness fired back at Mark Zuckerberg and the Masters of the Universe, saying, “We live in an Orwellian hell-scape. Facebook is now ‘fact checking’ anyone who questions the White House’s word-games about the definition of a recession.”
This weekend on FNC’s “Fox News Live,” Job Creators Network president and CEO Alfredo Ortiz voiced his “sheer frustration” with President Joe Biden and his administration’s efforts to spin the state of the economy as better than it really is.
Economist and New York Times columnist Paul Krugman on Sunday pushed back against the notion that the United States was in a recession, despite back-to-back quarters of the U.S. economy contracting.
On Friday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said that while he doesn’t think the economy is in a recession now, the odds are “probably more than
On Saturday’s broadcast of “Fox News Live,” Rep. Al Green (D-TX) stated that the economy is in “a technical recession” but not “a recession of the type that we normally experience” and that Americans and his constituents are feeling a
More than four in ten Americans have been forced to cut back on everyday habits and items, including the amount of groceries they purchase, as a result of Bidenflation, a recent Suffolk University/USA TODAY survey found.
On Friday’s broadcast of CNN’s “Situation Room,” White House Council of Economic Advisers member Jared Bernstein said it “makes perfect sense” that 64% of Americans think we’re in a recession because “most people are thinking about inflation. They’re thinking about
House Speaker Nancy Pelosi (D-CA) once described two quarters of economic contraction as the “technical definition” of recession in 2008, despite Democrats now downplaying negative economic growth under President Joe Biden’s leadership.
Half of Americans agree that the U.S. economy is in a recession, despite the Biden administration’s dismissal, a recent Suffolk University/USA TODAY survey found.
Job Creators Network, one of America’s largest pro-small business organizations, erected a new billboard in Times Square calling out the Biden administration’ attempt to redefine “recession” on the heels of the U.S. economy seeing the second consecutive quarter of contraction.
An edit war broke out on Wikipedia this week over the definition of “recession,” as the Biden administration and the corporate media take the unprecedented step of denying the U.S. is in recession even after two consecutive quarters of negative growth. More than 70 edits to the page about recessions were made before the site locked the entry preventing further changes. The edits successfully de-emphasize the broad consensus definition of recession — two consecutive quarters of negative GDP growth — instead parroting the Biden Administration’s talking points.
The Biden administration and establishment media are trying to “gaslight people about the economic slowdown,” Florida Gov. Ron DeSantis (R) said on Thursday following the latest dire economic report, showing the U.S. Gross Domestic Product (GDP) shrinking by 0.9 percent in the second quarter.
Gross domestic product shrank again last quarter, confirming the widespread impression that the economy is lousy.
J.D. Vance, the Trump-backed Republican nominee for Ohio’s U.S. Senate seat, hammered Democrat Senate hopeful Rep. Tim Ryan for rubber stamping the “far-left agenda” that caused the country to go into recession.
Thursday on Fox News Channel’s “America Reports,” South Dakota Gov Kristi Noem (R) reacted to President Joe Biden and his administration denying that the United States has entered a recession after back-to-back quarters of the U.S. economy contracting.
During an interview aired on Thursday’s “CNN Newsroom,” Sen. Tom Carper (D-DE) stated that there is “a lot of good news” on the economy and that between the continued implementation of the infrastructure bill and the Democratic reconciliation package, “there’s
He pivoted to positive economic news.
Candidate Joe Biden promised to get the United States out of the recession caused by the coronavirus and the subsequent economic shutdowns when he ran for president in 2020.
Democrats and establishment media outlets were mocked across social media on Thursday for attempting to redefine “recession,” as many pointed out that the far left has done the same with other words — such as “woman” — frequently redefining words to better suit their own political purposes.
Just four percent of Americans say the U.S. economy is in “excellent” shape, a recent poll from TheEconomist/YouGov found.
On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Commerce Secretary Gina Raimondo reacted to the second quarter GDP numbers by stating that GDP growth was going to slow, and “we’re feeling, except for inflation, which I know is tough on
“This is Joe Biden’s recession,” the Republican National Committee (RNC) said on Thursday following the negative economic report, showing the U.S. economy contracting by 0.9 percent in the second quarter.
An economic recovery is when House Democrats are “out of power,” House Republicans said on Thursday following news of the U.S economy contracting for the second consecutive quarter in 2022 as Democrats and establishment media outlets war over the definition of a recession.
House Republican Leader Kevin McCarthy (R-CA) said on Thursday that Democrats’ failed policies have led to a recession and a loss in wages, in what he called the Nancy “Pelosi Pay Cut.”
A second consecutive quarter of contraction.
On Wednesday’s broadcast of CNN’s “At This Hour,” White House Council of Economic Advisers member Jared Bernstein stated that there were “quite positive” aspects to first quarter GDP even though growth was negative and there are “some real headwinds from
Federal Reserve Chairman Jerome Powell said Wednesday that he does not believe the U.S. is currently in a recession, citing the fact that job vacancies are still above 11 million, unemployment is near record lows, and hiring has been brisk.
White House press secretary Karine Jean-Pierre was confronted during the daily briefing with a 2008 statement from Biden’s current economic adviser Brian Deese, who was at that time serving as an economic adviser to Hillary Clinton during the 2008 Democrat primary.
Better than expected data on inventories and the trade deficit was not enough to push GDPNOW into positive territory.
During an interview on MSNBC on Tuesday, Council of Economic Advisers Chair Cecilia Rouse stated that the Federal Reserve’s monetary policy “is starting to slow down the economy” and that it has “been in that gentle way that we would hope.”
On Tuesday’s broadcast of the Fox News Channel’s “Hannity,” Rep. Jim Jordan (R-OH) stated that the Biden administration is trying to redefine what a recession is and that these attempts at recession redefinition undercut the insistence from President Joe Biden
