Biden snapped at a reporter for asserting that a “majority of economists” are predicting a recession, barking at her not to “make things up.”
“A majority are saying that a recession is even more likely than ever,” the reporter began.
“The majority aren’t saying that. Don’t make things up, OK,” the president interrupted, snapping, “Now you sound like a Republican politician.”
Biden then seemed to realize his tone and tried to walk it back, adding, “I’m joking, that was a joke. That was a joke.”
Biden snaps at reporter asking about economists forecasting a recession: “The majority aren’t saying that. Don’t make things up, OK. Now you sound like a Republican politician. I’m joking, that was a joke, that was a joke.” pic.twitter.com/95DjBfdn0y
— Tom Elliott (@tomselliott) June 20, 2022
As irritated as he might be over the question, it seems Biden is wrong to claim that most economists aren’t predicting a recession, as inflation climbs toward 9 percent and the price of gas skyrockets beyond $5 a gallon.
On June 13, Fortune published a piece literally entitled, “Over two thirds of economists believe a recession is likely to hit in 2023.”
“Year-over-year U.S. consumer price increases unexpectedly surged last month to 8.6%. That means that the Federal Reserve’s efforts to slow down the economy over the past few months through two different interest rate hikes have yet to bear a measurable effect on inflation,” the publication reported.
Related: MRCTV's Hughes: Dems Resort to 'Fear-Mongering Tactic' To Push Policies that 'Wreck' the Economy
Fortune added that “economists are becoming increasingly convinced that the economy will come to a grinding halt and begin contracting soon.”
“This will likely happen next year, according to a new survey of 49 U.S. macroeconomics experts conducted at the beginning of June by the Financial Times and the Initiative on Global Markets, an economic policy and market research center at the University of Chicago,” the outlet added.
It looks like Biden can be mad about it all he wants, but economists agree: the U.S. is headed for some dark economic times.
And Americans - and their wallets - can feel it.