WH Economic Adviser: 'Makes Perfect Sense'
That 64% of People Think We're in a Recession
Breitbart,
by
Ian Hanchett
Original Article
Posted By: Dreadnought,
7/30/2022 12:57:21 AM
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 the pressures on their family budgets. And it’s completely understandable that they would be.” Bernstein also said that while inflation is too high, “we’ve tried to point out that those families often have pretty decent balance sheets.”
Bernstein stated, “I say that that makes perfect sense to me that people would answer a poll with that kind of response. And the reason is because if you actually look at how the group
Reply 1 - Posted by:
jalo1951 7/30/2022 1:16:32 AM (No. 1232492)
Will someone please tell the FJB Clown Car Administration that no one gets a prize for being the stupidest people to inhabit the WH? To lower inflation they have decided to push more Monopoly play money into the system, money that caused inflation to begin with. It is not 1952 anymore. You can't redefine words and make up your own analysis of your failures and think that we don't know what is really going on. Border failure, law and order, sexual perversion hoisted on our children, foreign relationship failures, coming food crisis, supply chain issues, ENERGY, Afghanistan, abortion on demand, Covid failures, what is a woman, gun ownership and on and on. You can not HIDE! We are in a recession no matter how you rephrase the word. You f -ed up and you got caught.
20 people like this.
Reply 2 - Posted by:
Grateful 7/30/2022 1:42:34 AM (No. 1232498)
Gibberish and balderdash. What we have come to expect from the FJB circus clowns
12 people like this.
Reply 3 - Posted by:
HerbVA 7/30/2022 6:29:38 AM (No. 1232546)
This guy Bernstein has college degrees in Music, Philosophy, and Social Work. Great preparation for his current position.
10 people like this.
Reply 4 - Posted by:
F15 Gork 7/30/2022 6:43:23 AM (No. 1232554)
Yeah everything is just fine....but I suspect the size of America’s credit card debt is off the charts. I don’t see how else many people are able to stay afloat without plastic.
4 people like this.
Reply 5 - Posted by:
Krause 7/30/2022 8:00:38 AM (No. 1232627)
When you’re marginal dishonest people in the first place, and you eff up everything, everything, and then tell the people everything is fine, you might get some resistance.
4 people like this.
Reply 6 - Posted by:
Strike3 7/30/2022 8:36:37 AM (No. 1232667)
A mishmash of weasel words that attempt to paint the American people as a bunch of overly sensitive morons. Only half of the people fit that description and those are the liberals. It's a recession, you fools, admit it.
2 people like this.
Reply 7 - Posted by:
laurenc 7/30/2022 8:49:26 AM (No. 1232685)
He thinks the 64% who see the truth are stupid. The good news is we only have 29 more months of this...
3 people like this.
Reply 8 - Posted by:
downnout 7/30/2022 8:53:46 AM (No. 1232691)
Please bear in mind that Jared Bernstein does NOT have an Economics, Accounting or Finance background. He has a BA in Music and an MA in social work. Why he is considered an authority on Economics is beyond me.
3 people like this.
Reply 9 - Posted by:
montwoodcliff 7/30/2022 9:54:51 AM (No. 1232750)
And while you’re at it, pass the Kool-Aid!
1 person likes this.
Reply 10 - Posted by:
Cousair 7/30/2022 10:31:54 AM (No. 1232790)
I'm confused! When does recession become depression.
Will the word be re'woked to something like "Give us more" and things will improve in your world.
3 people like this.
Reply 11 - Posted by:
Luandir 7/30/2022 2:24:03 PM (No. 1232975)
That's because we ARE in a recession. How will they spin it when the third quarter of negative growth comes in?
1 person likes this.
Reply 12 - Posted by:
Grateful 7/31/2022 6:05:36 PM (No. 1234009)
We went from Biden Economics to Biden Inflation to Biden Recession. As things go, the next level could be the Biden Depression. GDP has dropped 2.5% over the last two months. An economic depression is defined as a severe and prolonged downturn in economic activity; specifically a decline in real gross domestic product (GDP) of at least 10% in a given year. FJB will have a real tough time redefining depression if we continue the downward economic spiral.
1 person likes this.
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