Posted on 08/16/2022 10:54:25 AM PDT by JV3MRC
The ABC, CBS and NBC evening news networks continued their pathetic gambit to shield President Joe Biden from any suggestion that his economy is in a recession.
CNBC reported Aug. 15 that The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index “dropped 6 points in August to 49” for its eighth consecutive monthly decline. Anything below a 50 is considered negative. Fox Business reported that the result marked the “worst stretch for the housing market since the 2008 financial crisis.” NAHB Chief Economist Robert Dietz said in a statement obtained by CNBC that “‘[t]ighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession.’” But ABC World News Tonight, CBS Evening News and NBC Nightly News, which spun themselves silly in recent days either by avoiding the admission that the U.S. is in a recession or by legitimizing the White House’s redefinition of the term, entirely ignored the sour housing news during their Aug. 15 broadcasts.
(Excerpt) Read more at newsbusters.org ...
The networks are still wading through the kittens being rescued from the trees headline news for this afternoon.
This other stuff will simply have to wait!
Sarc off
It’s transitory.
Everybody except FJB, his ditzy wife, his over the top handlers and a good portion of the rat party knows we’re in a recession.
Not to worry, NorDUH O’Donnell will be all over this news tonight.
The Commie RAT’s “Mainstream Media”. Fake News All of the time.
Biden said there was no recession. And just like that, the DNCMedia isn’t using the R word to describe the current economy.
Shameful bunch of propagandists.
Hey, the inflation rate, according to Joe Birdbrain, is zero so What We Worry?
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.