he s actually done. so there s never any upside in letting joe biden speak injo public. d but unfortunately for the white house, sometimes you don t have a choice. disasters happenn ha. and when they do, the public expect somebody to pretend to be president. the american economy a is currently a disaster. therefore, joe biden had to h talk. so his aides dutifully let him out to the podium today to say something edifying about it. what happened next has got to be one of the weirdest presidential briefings ever conducted. new economic numbers show has declined for two quarters in a row. that s the definition of a recession. we re in a recession. that s why joe biden had tofi hold the briefingng. and yet biden never once mentioned those numbers, not a single time other than that, mrs. lincoln, how was the play? it was completely bizarre. instead, biden simply announced that there is no recession in the united states no matter what you may have noticed aboutt your own country. i
commune with utah. you run a corrupt little eastern european country. webo have a right to worry about our own country. w house,he white they agree with the one that s almost word for wordor whatec our national security adviser jake sullivan said when he was asked the exact same question onon july. ic twenty second americans arean worried about sending all this money to t ukraine at a time whd inflation is out of control a and americans don t have enough t money, i don t know to buy foodo or pay rent. so the moderator at the aspen institute, which needs a lot more immigrants from third world immediately, as we told you tonight, asked this. and you know what,t, jake sullivan said, fundamentally, i don t care. watch thisfuar. dodo you worry about criticism that we re spending billions and billions of dollars for ukraine not spending it here? it s s my job to worry. so i worry about literally everything. i worry about my answer to this question. so yes, i guess i worry. but in a way that
batteries,ar p and criticaltt materials processing. that doesn t sound likeer recession to me. thank you very much. see dumbo significant banking personnel say we re not in a recession. plus, wind turbines, wind turbines and if you t don t believe it, three point six percent unemployment. we are winning. on pay no attention toai the millions of former workers who are being paid by the government to stay homeen, leaving businesses, anyone to start them. cream stand near your house closed in july? well, because welfare pays more than scooping ice cream does. but ignore that the economye is in greatdo. t if there s one thing that might make it even better than wind turbines, it s printing billions more in fake money, which will definitely notte accelerate our already . duifying level of inflation o that s why we re calling it the inflation reduction act. because more money in
he s actually done. so there s never any upside in letting joe biden speak injo public. d but unfortunately for the white house, sometimes you don t have a choice. disasters happenn ha. and when they do, the public expect somebody to pretend to be president. the american economy a is currently a disaster. therefore, joe biden had to h talk. so his aides dutifully let him out to the podium today to say something edifying about it. what happened next has got to be one of the weirdest presidential briefings ever conducted. new economic numbers show has declined for two quarters in a row. that s the definition of a recession. we re in a recession. that s why joe biden had tofi hold the briefingng. and yet biden never once mentioned those numbers, not a single time other than that, mrs. lincoln, how was the play? it was completely bizarre. instead, biden simply announced that there is no recession in the united states no matter what you may have noticed aboutt your own country. i repeat,no
the public despises them for good reason? do you worry aboutut criticismdo sending billions of dollars for ukraine and not spending it here fundamentally? and jake sullivan isn t worried because he knows he can call inflation transitory when it s not. he can deny we reen in recession when we re obviously in one because the words are all that matter to them, not the reality. they don treal walk through midn in manhattan and notice, hey, this is disgusting. this is worse than mumbai. how did it get this way? they don t even notice tomorrow we re gonna have an hour longg investigation into the actual state of our economy, how we got here, how we get out. butt tonight we re going toib one of the few economists who has credibility on this topic, e.j. and toni is atou the heritage foundation. he joinsndnd us tonight. these are thanks so much for coming on . so if the president comes oute to address what everyone knows, which is we re in recession and by technical definition recession and doe