TV: Recession 2022: Biden's Crumbling Economy
The Jesse Kelly Show
iHeartPodcasts
4.8 • 3K Ratings
🗓️ 6 August 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
The Left has moved the goalposts when it comes to defining when an economy has entered into a recession. Regardless of what the wicked Wikipedia says, we're in one. The Administrative State has accomplished its mission by printing money and devaluing the dollar, perpetuating a state of Covid hysteria, making sure the supply chain is throttled, and imposing onerous regulations on manufacturing and private citizens in the name of a climate change emergency. And there's surely more ideologically-driven policy we don't even know about. So NOW what? Can we pull back from going off the economic cliff? Jesse and company expose the dismal agenda and war-game how we get out of this mess.
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Transcript
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| 0:00.0 | Why is our economy in such bad shape? |
| 0:11.3 | I mean, it's a great question, right? |
| 0:15.3 | Why is the economy in such a disaster? |
| 0:17.8 | GDP down 0.9 in the second quarter, that means we're in a recession. |
| 0:24.2 | You know that. |
| 0:25.2 | I know that. |
| 0:26.2 | It doesn't matter how much the White House chooses to lie like this about it. |
| 0:30.0 | We're in a recession. |
| 0:31.0 | Well, we're certainly in a transition and we are seeing slowing as we all would have |
| 0:36.7 | expected. |
| 0:37.7 | But I think if you look at the full data and the type of data that N.V.E.R. looks at, |
| 0:43.4 | virtually nothing signals that this period in the second quarter is recessionary. |
| 0:48.4 | President Biden has said we've entered a new phase in our recovery. |
| 0:54.0 | We're focused on achieving steady, stable growth without sacrificing the gains of the last |
| 1:00.6 | 18 months. |
| 1:01.6 | Look at it more broadly at the data and that's why we're seeing what we're seeing is that |
| 1:07.5 | we are in a transition. |
| 1:09.5 | It doesn't seem that the U.S. economy is in recession right now. |
| 1:12.8 | That doesn't sound like a recession to me. |
| 1:14.6 | Thank you very much. |
| 1:15.6 | But we are. |
| 1:24.3 | You know what I know. |
... |
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