Tucker Carlson: The American economy is currently a disaster
Fox News
'Tucker Carlson Tonight' host shreds the Biden administration for saying the US is not in a recession, despite having two quarters of negative GDP growth.
New economic numbers show our GDP 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 to hold the briefing. 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 about your own country. I repeat, there is no recession. In fact, thanks to the stalwart leadership of Joe Biden, we can announce record potato harvests in the provinces. The people are happy and thriving. Period. And with that, Biden left the stage. Watch.
PRESIDENT BIDEN: And let me speak to one other issue. Let me speak to one other issue, the GDP and whether or not we are in a recession. Both Chairman Powell and many of the significant banking personnel and economists say we're not in recession. Let me just give you what the facts are in terms of the state of the economy. Number one, we have a record job market of record unemployment of 3.6% today and the Inflation Reduction Act will add another $370 billion in clean energy tax credits in reconciliation, including incentives to accelerate domestic production of solar panels, wind turbines, batteries and critical materials processing. That doesn't sound like a recession to me. Thank you very much.