Fox News host Tucker Carlson tore into the Biden administration and media outlets Thursday night over their efforts to spin GDP figures.
“That sound that you’re hearing is the goalpost moving,” Carlson said as he recapped efforts by reporters, media outlets and Biden administration officials to redefine recession. Back-to-back quarters of negative GDP growth is one rule of thumb used to determine if a recession is taking place, according to Investopedia.
“This is from Politico,” Carlson said, “‘The White House is pretty obviously right that even two quarters of shrinking GDP would not show the economy is currently in a recession.’ That’s the word from Ben White, who is the chief economics reporter at Politico. He is backed up by The Associated Press, which is totally real. Just today the AP reported that ‘the U.S. economy shrank for a second straight quarter, raising fears the nation may be approaching a recession.’ We’re getting close now!”
“In other words, two declining quarters of growth is not a recession, just like the White House said,” Carlson continued. “That sounds definitive. It’s always been that way. As long as you don’t have a memory that extends past, say, last week, because just a few weeks ago, before the White House declared otherwise, everyone was saying differently, including Ben White and the AP.”
GDP shrank by 0.9% in the second quarter, according to data released Thursday from the Bureau of Economic Analysis, after the economy contracted by 1.4% in the first quarter. White House press secretary Karine Jean-Pierre called the data a “transition” in a clip played by Carlson.
“This is the transition to green energy and renewables,” Carlson said. “Joe Biden announced it today. It’s a transition to handing China our energy grid. Oh, that’s a ‘transition.’ Some might call it the collapse of empire and a subsequent disaster where we are ruled by people who hate us. No, it’s a transition in which China gets to make and control the wind turbines, the lithium, the solar panels.”
Politico, the White House and the AP did not immediately respond to requests for comment from the Daily Caller News Foundation.
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