President Joe Biden snapped at a reporter on Monday after she asked about economic recession fears.
On Monday morning, while spending time with his family for the Juneteenth holiday, the president spoke to reporters on the beach.
Biden snapped at a reporter Monday after she asked about fears of an economic recession. https://t.co/YwS2ujx5WC
— Breitbart News (@BreitbartNews) June 20, 2022
“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.”
“I’m joking, that was a joke, It was all a joke,” Biden said after noticing his tone and attempting to walk it back.
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
Biden reiterated his administration’s talking points on the subject, saying that a recession was not inevitable.
“All kidding aside, I don’t think it is, I was talking to Larry Summers this morning,” he remarked. “There’s nothing inevitable about a recession.”
The economy would enter a mild recession by the end of the year, according to Nomura Holdings Inc economists, as the Federal Reserve raises interest rates to combat record-high inflation.
The president then shifted his focus to the significance of lowering the cost of insulin, stating that he believes he can make progress on the matter.
“Here’s what I think, we’re going to be able to get a change in Medicare in a reduction in the cost of insulin,” he stated.
Biden also stated that he supports raising taxes on the affluent, arguing that “Trump’s tax cut” was “inflationary.”
“Going out and buying the yacht doesn’t help the economy that much,” he added.