Forget about the recession and rampant, crippling inflation that has soared to 40-year-highs, MSNBC’s All In host Chris Hayes was here to assure you that the Biden economic recovery has been “one of the most successful, remarkable recoveries in all of American economic history.” Sadly for Hayes, the large eyeglasses on his face won’t make him seem smart with economically illiterate comments like that. The pollyannaish host made these comments on the heels of Thursday’s GDP report which showed the economy grew by an anemic 2.9 percent.
Hayes began by ironically complaining about the negative media coverage of the Biden economy: “If you’ve been watching the news over the past few weeks, you might get the sense the U.S. is hemorrhaging jobs, as high-profile companies from Amazon to Meta, to Goldman Sachs, and IBM lay off thousands of workers.”
“But one of the constants of the Biden economy is that there’s a weird, persistent gap between the media’s coverage of the economy, which is almost always everything’s terrible, and what the data show about its actual state,” Hayes whined.