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Author Topic: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin  (Read 1650 times)

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Offline mystery-ak

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'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« on: Monday, Jul 25, 2022 05:11 pm »
July 25, 2022 8:14pm EDT
CNN panel rejects Biden White House spin attempting to change definition of recession: 'You can't fake this!'
The Biden administration is attempting to redefine what a recession is ahead of new GDP data
By Joseph A. Wulfsohn | Fox News

A panel on CNN Monday slammed the Biden administration's attempt to change the definition of a recession as incoming GDP numbers may signal an economic downturn.

Data being released on Thursday will show whether the U.S. economy shrank for two consecutive quarters, which has long been how economists defined what a recession is. However, several White House officials have already pushed their talking points as a preemptive spin on the likely bad headlines they will face.

On "The Lead," CNN anchor Kasie Hunt began the discussion by telling the panel she's "struggling" with what the White House is putting out there.

"I get that why they want to do it from a political perspective, but like, you can't fake this!" Hunt exclaimed.

CNN editor at large Chris Cillizza mocked President Biden for saying "We're not going to be in a recession, in my view" during an exchange with Fox News' Peter Doocy, telling Hunt, "'In my view,' I should be drafted into the NBA."

"It doesn't really matter what you think," Cillizza said. "There is a technical definition, two straight quarters of negative economic growth. They clearly believe that is likely to come to pass later this week. They’re trying to pre-but it."

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https://www.foxnews.com/media/cnn-panel-rejects-biden-white-house-spin-attempting-change-definition-recession
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Offline Hoodat

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #1 on: Monday, Jul 25, 2022 05:23 pm »
It depends on what the meaning of the word "is" is.
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Offline roamer_1

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #2 on: Monday, Jul 25, 2022 05:27 pm »
Hold on now...

It shrank two consecutive quarters AFTER nearly a year of 'growth' that has not yet recovered to pre-covid numbers. We were already in a bad way. with a 'recovery' that left us in a bad way, before beginning to fall sommore into a bad way.

You can't put lipstick on this pig.
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Offline Smokin Joe

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #3 on: Monday, Jul 25, 2022 05:56 pm »
 :pondering:

When you lose CNN....
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Offline catfish1957

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #4 on: Tuesday, Jul 26, 2022 05:59 am »
What a lot of people also don't understand is the quarter by quarter numbers for GDP are not inflation adjusted.  So when the GDP is reported this week, one needs to compound it another 3 or 4% to account for one quarter of Bidenflation.

Pedo Joe is sticking his finger at the bottom of the sink trying to hide the swirl of the circling of the drain of this economy.
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Offline DefiantMassRINO

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #5 on: Tuesday, Jul 26, 2022 06:15 am »
Biden lost the press when he fist-bumped Mohammed bin Salman Al Saud, the man who had a journalist murdered and dismembered.

Is Art Vandelay a White House economist?

« Last Edit: Tuesday, Jul 26, 2022 06:22 am by DefiantMassRINO »
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Offline catfish1957

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #6 on: Tuesday, Jul 26, 2022 12:40 pm »
Huge slew of earnings misses today in the market. 

WMT down as much as 10% during the day.  Business is screeching to a slowdown.  I won't be surprised to see a 2% drop in GDP Thursday, based on the past weeks data.

The "phantom" Biden recession has begun, and its only going to get worse, until we some sound fiscal policy in play.
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Offline Bigun

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #7 on: Tuesday, Jul 26, 2022 12:50 pm »
Quote from: roamer_1 on Monday, Jul 25, 2022 05:27 pm
Hold on now...

It shrank two consecutive quarters AFTER nearly a year of 'growth' that has not yet recovered to pre-covid numbers. We were already in a bad way. with a 'recovery' that left us in a bad way, before beginning to fall sommore into a bad way.

You can't put lipstick on this pig.

Sure they can!  And most assuredly will!

Biden:
Quote
"We are not headed into a recession."

Right! We are already in one!
« Last Edit: Tuesday, Jul 26, 2022 12:53 pm by Bigun »
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Offline Hoodat

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #8 on: Tuesday, Jul 26, 2022 02:20 pm »
Quote from: DefiantMassRINO on Tuesday, Jul 26, 2022 06:15 am
Biden lost the press when he fist-bumped Mohammed bin Salman Al Saud, the man who had a journalist murdered and dismembered.

Good point.
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Jim Jones was a socialist Democrat.

Offline Hoodat

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #9 on: Tuesday, Jul 26, 2022 02:24 pm »
If I was a betting man, I would wager that the report that is about to be released will show positive growth for the last quarter.  I don't for a second believe it's true.  But the current regime has a propensity for lying that is unparalleled in US history.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Jim Jones was a socialist Democrat.

Offline sneakypete

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #10 on: Tuesday, Jul 26, 2022 03:02 pm »
Quote from: roamer_1 on Monday, Jul 25, 2022 05:27 pm
Hold on now...

It shrank two consecutive quarters AFTER nearly a year of 'growth' that has not yet recovered to pre-covid numbers. We were already in a bad way. with a 'recovery' that left us in a bad way, before beginning to fall sommore into a bad way.

You can't put lipstick on this pig.

@roamer_1

Not everybody is suffering. Hunter and Joe seem to be doing well,as do all their billionaire associates.
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Offline roamer_1

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Re: 'YOU CAN'T FAKE THIS!': CNN panel rejects Biden White House recession spin
« Reply #11 on: Tuesday, Jul 26, 2022 03:06 pm »
Quote from: sneakypete on Tuesday, Jul 26, 2022 03:02 pm
@roamer_1

Not everybody is suffering. Hunter and Joe seem to be doing well,as do all their billionaire associates.

YES. Imagine that...  *****rollingeyes*****
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