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nation is officially in a recession. something many experts have predicted was coming. john roberts in washington. happy monday to you. sandra: i heard booming thunder here in new york city as a storm rolls in. welcome, everyone. i m sandra smith in new york, this is america reports. it has now been four days since the president s positive covid test. his doctors say he s doing well and symptoms are almost completely gone. all of this as the white house and president biden s team prepares for another fight. an efforts to redefine what actually constitutes a recession. john: treasury secretary janet yellen says a second quarter of negative growth in the g.d.p. will not indicate recession but does admit the economy is slowing. josh is here on this, and more noise about biden s 2024 candidacy, that s coming up in moments. sandra: peter doocy at the white house, what do officials expect from this week? are we in a recession or not? peter: sounds like, sandra, th ....
Tell us where they are today. The republicans, yeah. The republicans had 179 seats at the beginning of the obama administration. They are up to, if you look at current leads at 251, some of those leads may evaporate as california in particular takes a long time to vote to count its votes. They theyve taken as long as five weeks. A week ago sunday, brazil tabulates the votes in five hours. In california, which believes itself to be a more advanced state takes five weeks. In any case, it appears that republicans have won more than the 234. They won it in 2012, more than the 242, they won in 2010. And almost certainly more than the 246, they won in 1946. You have to go back to the 1928 cycle to find a time when republicans did better in house elections. Norm was covering that for cbs radio. And thats thats there. Its, you know, part of this is baked into the cake by demographics. You know, in 2016, 2012, mitt romney who many of you will remember carried 226 house districts, carried a majo ....
To the extent there are positive real subsidies to the except that they improve outcomes, they are either very localize to the family or very localized to the community in question. You work on capitol hill. I worked there for a number of years. Every other person who comes here in the door says its a great thing if you gave a subsidy for their industry and how many jobs they create. Thats what shopped around. They are grossly skabexaggerate. Lets think about housing for a second. We all need a place to live. An Apartment Building is not all that different than a condo. It actually takes the same amount of construction workers. Theres Nothing Specific about the tenure that increases jobs. Again, we all have to live somewhere. I think you should be skeptical of those job arguments that you often here. The chart youre looking at here is the lower bar thats the fannie and ....
Thats what shopped around. They are grossly skabexaggerate. Lets think about housing for a second. We all need a place to live. An Apartment Building is not all that different than a condo. It actually takes the same amount of construction workers. Theres Nothing Specific about the tenure that increases jobs. Again, we all have to live somewhere. I think you should be skeptical of those job arguments that you often here. The chart youre looking at here is the lower bar thats the fannie and freddie market share. We hit long term homeownership rates in this country in 1960. The growth of fannie and freddie which really in the 70s they had single digit market shares. This he were irrelevant to the Mortgage Market before the snl crisis. The growth of them has seen no long term indrees in homeownership rates. Its fine ....