Posted on 07/27/2022 11:41:47 AM PDT by BenLurkin
Some liberal media outlets are beginning to fall in line with the Biden administration's spin on redefining what a recession is ahead of the release of potentially devastating economic stats.
New York Times columnist Paul Krugman told readers "there’s a pretty good chance" that GDP shrank in the second quarter, which will trigger "breathless commentary" about there being a recession. But he insisted "we won’t be."
His assurances about a recession not taking place came just days after he offered a mea culpa for wrongly predicting in 2021 that the country wouldn't face severe inflation. He also predicted in 2016 a global recession would erupt following Donald Trump's election victory.
New York Times economic reporter Ben Casselman insisted it's "hard to say" if the country is facing a recession regardless of what Thursday's numbers reveal.
Like the White House, Casselman referred to NBER's Business Cycle Dating Committee, something he says "tries to be definitive" and defended its lengthy timeline ("as much as a year") to determine if a recession occurred, writing, "even if we are already in a recession, we might not know it — or, at least, might not have official confirmation of it — until next year."
Boston Globe reporter Jim Puzzanghera struck a similar tone on Saturday, claiming "it's not officially a recession until ...
Politico's Ben White tweeted Tuesday, "The White House is pretty obviously right that even two quarters of shrinking GDP would not show the economy is currently in recession." He wrote last month, though, that "I’m sorry to report that the conditions are ripe for a slide in gross domestic product growth that lasts at least two quarters, the technical definition of recession."
(Excerpt) Read more at foxnews.com ...
Are they Democrat Party shills?
They all go to the same talking points website every morning to sync their messages for the day. MS media nothing more than the propaganda extension of the Leftist DEMs/DNC. Virtually all of us have known this or come to this conclusion. Nothing new....except maybe to FoxNews.
Oh wait......never mind.
Journalists my ass..Journalism died a long long time ago..what you see how is Democrat Propaganda..every morning they meet with Media Matters to discuss what to say and convince people they are telling the truth
If one deflates the GDP for inflation, it seems clear that the economy is not expanding.
New York Times economic reporter Ben Casselman insisted it’s “hard to say” if the country is facing a recession regardless of what Thursday’s numbers reveal.
—
The same elites who can’t define what is a woman can’t define what is a recession.
What if the economy identifies as a recession?
The media news outlets are the silky rope they hang you with. Fox News is just the scratchy rope that let’s you feel it first.
They are employees of the same paymaster. Of course they are going to support whatever comes from Biden. They are hired to do exactly that. The same forces behind Biden are employing them.
Like everyone in Sellout America, they just want the money, they’ll bark when their master says “bark” to get it.
This ^^^^^^
It works on the sheep 🐑🐑🐑 glued to CNN and MSNBC.
Democrat Propaganda Machine.
“He [Krugman] also predicted in 2016 a global recession would erupt following Donald Trump’s election victory.”
DJT was elected POTUS in 2016. The recession started in 2022, which follows 2016. Krugman was technically correct.
It’s just infuriating and no matter how many times the rats in the MSM do this it still angers the crap out of me.
Apparently, these “journalists” think that they will be immune to all this.
It always surprises me how confident they are in this.
It’s just infuriating and no matter how many times the rats in the MSM do this it still angers the crap out of me.
What would it be like if Corporat media promoted Capitalism?
well yeah they all vote Democrat so whatever the Democrats want to spew they repeat it
That should certainly apply, but wouldn’t they feel the effects of recession just like the rest of us? How well are their pay, investments and retirement doing? Even if I supported Biden, I don’t think I’d jump on a sword for him.
So? Since when was the MSM not loaded with traitors?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.