Joe Biden snapped at a reporter who asked about economists that are forecasting a recession. Biden told the reporter, “Don’t make things up.”
The incident was caught on video as a reporter asked, “Economists are saying that a recession is more likely than ever.”
“Not the majority,” Biden shot back. “Come on, don’t make things up. Now you sound like a Republican politician, I’m joking, that was a joke, that was a joke,” Biden continued.
“But all kidding aside, no I don’t think it is. I was talking to Larry Summers this morning, there’s nothing inevitable about a recession.”
Biden is referring to a discussion he apparently had with former U.S. Treasury and Democrat Larry Summers.
Although Biden says Summers believes a recession is not “inevitable,” this appears to contradict what Summers publicly revealed during an appearance on NBC on Sunday.
Summers warned Americans that a recession was likely to occur, exactly as the reporter stated to Biden.
“My best guess is that a recession is ahead,” Summers said. “I base that on the fact that we haven’t had a situation like the present with inflation above 4% and unemployment beyond 4% without a recession following within a year or two.” READ MORE...
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