On 7/28/2022, during the roundtable with CEOS on the Economy, President Joe Biden spoke about the trillions he spent in the Democrat-passed American Rescue Plan and reminded Americans suffering from inflation and high gas prices that he sent them a check for $8,000 in 2021. Biden complained that Americans forgot what he did for them in 2021, even as he admitted it was “totally understandable.” He pointed out that even for Americans making $120,00 a year, $8,000 dollars should have meant a lot to them. He said, “One of the things that I find is — I look at and I take it very seriously the confidence level of the American people in the economy. And they’re so down and they’re looking — there’s reason to be down, but I started thinking about it. And, Brian, you and I talked about it just a little bit. You know, the first year, we were able to, with the — with the Rescue Plan, we were able to send them a check for eight grand. I mean, a check. One — and beyond that, by the way; there was more than that.”
“But when you’re mak- — if you’re making 120 grand and you get a check for 8 grand, that’s a lot of money. And so it helped save a lot of people, in terms of getting thrown out of their homes and rental housing and a whole range of things. But I started thinking about it, just as, you know, somebody who’s raised as a middle-class kid. One year, even though you didn’t have the job you have now, even though you didn’t get a raise that year, the difference between having a job, having a 5 percent raise or whatever — 3,5,7, whatever it happens to be — in the face of inflation, the price at the pump — although that’s down every day so far. But, you know, it’s like, “Whoa, I feel worse off.” But then again, I didn’t get a check for eight grand from the government. They just — among other things. Does that make any sense to anybody, or is it just me?”
On 7/28/2022, amid recession, Jean-Pierre claims Biden turned economy “back on” when he took office. She can’t say why Americans should take Biden’s word on economy after being so wrong. A reporter asked, “Today, the President argued that the economy is not in a recession, and it was a year ago that the President said that inflation would be temporary. So the question is: Why should Americans take his word for it now when the President got it wrong on the economy a year ago?”
JEAN-PIERRE: So here’s — you know, when we talk about recession and we talk about where we are currently today, what we look at and what we speak to is the facts, is what other — other experts are saying and what the textbook definition is of recession. And if you look at the pre-recession years during — in our history, you see that the thing that happens during a pre-recession is that the — is that you lose jobs, and we’re not seeing that currently. We are — it is not what is happening …
Reporter: But, Karine, what do you say to Americans who say this is really a discussion about semantics? Whatever you want to call it, you have Americans all across the country who say it is harder for them to make ends meet every month. They’re hurting.
JEAN-PIERRE: And this is — this is a President who understands that. We have talked about that. We have talked about how we understand what the American people are feeling. We understand what — that conversation they are having around the kitchen table about how they’re going to — how they’re going to deal with cost.
Reporter: But, Karine, does the President run the risk of looking out of touch in this moment by digging in on this definition that this moment is not a recession if, in fact, at some point, it’s determined that that’s exactly what’s happening?
JEAN-PIERRE: You know, I have to tell you, Kristen, I don’t think we’re digging in; we’re being asked. You know, we’re being told — and, you know, every day I’ve come in here, I’ve been asked, “So, Karine, what — you know, is this a recession?” So we’re answering the question. We’re — we’re using the facts to answer the question.
On 7/27/2022, during press conference, Peter Doocy humiliated Karine Jean-Pierre when he read Biden’s econ advisor Brian Deese’s definition of a recession from 2008. White House Press Secretary Karine Jean-Pierre confidently asserted that two back-to-back quarters of negative GDP growth is not the technical definition of a recession. Fox News reporter Peter Doocy pointed to Biden econ advisor Brian Deese’s 2008 statement on the definition of a recession: “Economists have a technical definition of recession, which is two consecutive quarters of negative growth.” The same people who accurately defined a recession years ago are now denying the true definition of a recession. “If things are going so great, then why is it that WH officials are trying to redefine recession?” Peter Doocy asked
https://facebook.com/HygoNewsUSA/videos/757700962209796/
HYGONews Week’s Most Popular Stories 7/31; Inflation Reduction Act , recession is not 2 quarters of negative GDP.