You would think being married to a former chairman of the Federal Reserve, Andrea Mitchell would know at least something about economics. Sadly that’s not the case and Mitchell displayed her ignorance for all to see on Sunday’s Meet the Press when she started arguing with South Dakota Senator Mike Rounds about the definition of a recession.
As she did in most of the interview, Mitchell harped on the unprecedented raid on former President Trump’s home at Mar-a-Lago. “Given how casual he was about securing documents, that's been well established when he was President, do you think that should disqualify him from being President again and would you vote for him if he runs?” Mitchell asked.
Rounds dodged the question and announced Republicans are going to focus on the 2022 elections before paying attention to the 2024 presidential election. “We want to retake the House. We definitely want to retake the United States Senate,” Rounds said.
He added: “I think in doing that, our goal is to focus on what’s going on right now with the American people, we're going to focus on the fact that inflation is still over 8.5 percent.”
Rounds then pivoted to the current recession that Biden’s policies put the country in: “We are still talking about GDP, which has been going down. As you know, sharing breakfast with the former Chairman of the Federal Reserve, anytime you got two quarters in a row, you are in a recession. We want to see us get out of that recession.”
This statement of economic fact triggered Mitchell who shrieked “we're not in a recession yet, but we'll wait and see what does happen.” “Two quarters tell you differently than that,” Rounds shot back. Mitchell then falsely claimed two consecutive quarters of negative economic growth being the definition of a recession is “out of date” and “even according to Republican economists.”
In reality, that does mean we’re in a recession. This has been a widely accepted fact by everyone up until the left decided to start changing the definition of words that don’t fit their definition. Like woman, recession, and most recently, raid.
Don’t let them get away with it!
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To read the relevant transcript click “expand”:
NBC’s Meet the Press
8/14/2022
10:52:35 a.m. EasternANDREA MITCHELL: Let me just ask you quickly, given that they did take all this material, boxes of material, and classified documents as well, and given how casual he was about securing documents, that's been well established when he was President, do you think that should disqualify him from being President again and would you vote for him if he runs?
SENATOR MIKE ROUNDS (R-SD): I'll keep my powder dry with regards to your last question. I think right now we're going to focus on the 2022 election. We want to retake the House. We definitely want to retake the United States Senate. I think in doing that, our goal is to focus on what’s going on right now with the American people, we're going to focus on the fact that inflation is still over 8.5 percent.
We are still talking about GDP, which has been going down. As you know, sharing breakfast with the former Chairman of the Federal Reserve, anytime you got two quarters in a row, you are in a recession. We want to see us get out of that recession, and certainly, we want to see gas prices come down. They're still a buck and a half higher than when Joe Biden took office. Those are not good policies to run on for Democrats. We need to focus on that and as we get past that, and get into the 2024, I think the Republican will be well positioned, but let's get past the 2022 election first.
MITCHELL: And we're not in a recession yet, but we'll wait and see what does happen and we really want to thank you. Very good you come on today Senator.
ROUNDS: Two quarters tell you differently than that.
MITCHELL: That's out of date. Out of date. Even according to Republican economists. In any case.
