It may be some time before the Biden administration messes with Fox News again.
The administration was embarrassed on multiple fronts by Fox News.
Two of Biden’s key officials were called out and shut down over the portrayal of Thursday’s economy report.
Fox News Studs
First, we have Phil Hemmer doing battle with Economic Adviser Jared Bernstein.
Bernstein was trying to sell Hemmer on the idea that raising taxes on corporations was a good idea in the middle of a recession.
Hemmer jumped in with a truth bomb, stating, “But you know any company that is trying to protect their market cap and they’re trying to protect every quarter they report to stockholders, they’re going to either cut jobs or pass that tax onto consumers that they are doing business with.
“That’s the reality in American economics.”
Hemmer is right because there will either be job cuts or higher prices, as has happened every time, hurting the average American even more.
Bernstein then just spewed more lies, stating, “Let me finish. If you look at the record of how tax increases like this play out, not only do they not hurt jobs or investment when you’re targeting the very top of the income scale, but they will do something that’s very important to President Biden and to Senator Manchin as well.
“They will further reduce the budget deficit, that is disinflationary in this environment. So yes, we think this is a very good idea.”
He’s wrong, period.
Next up was Peter Doocy who just crushed Karine Jean-Pierre, again.
Watch this exchange as he throws back the words of a Biden adviser when a Republican was in office…
Oh, and by the way, this IS the textbook definition of a recession…
Source: Daily Caller