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Tucker Carlson: It turns out we're insane - YouTube
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good evening and welcome to Tucker
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Carlson's how you think you've got a
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tough job huh imagine being Joe Biden's
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handlers you spend all day trying to
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keep the guy away from hot mics that's
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not easy Biden feels about microphones
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the way golden retrievers feel about
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cash rolls leave one on a low table and
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he pounces on it and that's not good for
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anyone Biden could declare war on Russia
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or tell Israeli officials to quote keep
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alive the honor of the Holocaust both of
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which by the way he's actually done so
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there's never any upside in letting Joe
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Biden speak in public
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but unfortunately for the White House
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sometimes you don't have a choice
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disasters happen and when they do the
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public expects somebody to pretend to be
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president
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the American economy is currently a
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disaster therefore Joe Biden had to talk
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so his aides dutifully led him out to
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the podium today to say something
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edifying about it
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what happened next has got to be one of
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the weirdest presidential briefings ever
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conducted New Economic numbers show our
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GDP has declined for two quarters in a
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row that's the definition of a recession
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we're in a recession that's why Joe
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Biden had to hold the briefing
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and yet Biden never once mentioned those
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numbers not a single time other than
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that Mrs Lincoln how was the play it was
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completely bizarre instead Biden simply
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announced that there is no recession in
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the United States no matter what you may
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have noticed about your own country I
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repeat there is no recession in fact
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thanks to the stalard leadership of Joe
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Biden we can announce record potato
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harvests in the provinces the people are
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happy and thriving period
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and with that button left the stage
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watch
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and let me speak to one other issue let
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me speak to one other issue
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the GDP
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and whether or not there we are in a
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recession
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both chairman Powell and many of the uh
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um
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significant
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banking personnel and Economist say
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we're not in recession let me just give
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you what the facts are in terms of the
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state of the economy number one we have
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a record job market
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of uh record unemployment of 3.6 percent
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today and the inflation reduction act
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will add another
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370 billion dollars in clean energy tax
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credits in reconciliation including
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incentives to accelerate domestic
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production of solar panels wind turbines
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batteries and critical materials
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processing that doesn't sound like a
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recession to me thank you very much
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Jesus
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see Dumbo significant banking Personnel
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say we're not in a recession plus wind
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turbines wind turbines and if you don't
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believe it
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3.6 unemployment we are winning
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pay no attention to the millions of
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former workers who are being paid by the
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government to stay home leaving
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businesses without anyone to staff them
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why is the ice cream stand near your
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house closed in July well because
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welfare pays more than scooping ice
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cream does but ignore that the economy
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is in great shape though if there's one
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thing that might make it even better
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other than wind turbines it's printing
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billions more in fake money which will
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definitely not accelerate our already
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terrifying level of inflation that's why
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we're calling it the inflation reduction
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Act
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because more money in the system will
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reduce inflation at will and it will
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because we say it will because what
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matters is not the way that things
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actually are what matters are the words
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we use to describe things we can change
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reality merely by calling it something
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else if we call a man a woman that's
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what she is if we call an open border a
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secure border that's what we have and as
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you just saw if we tell you that a
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collapsing economy is a robust economy
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well then it's time to celebrate our
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Newfound prosperity and feel free to buy
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champagne on your EBT card it's on us
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it turns out that when you think you're
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God all that matters is what you say
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your commands in the beginning was the
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word
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and this week the word was definitely
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not recession that word is now an
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operative it's obsolete and frankly it's
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embarrassing it's like stewardess or
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firemen or the Orient it's not something
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you'd say are uneducated people
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so to Herald this important new change
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to our language on July 21st the White
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House officially changed the definition
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of recession they said it so it's true
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now in a blog post officials explain
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that two consecutive quarters of
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declining GDP is quote neither the
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official definition nor the way
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economists evaluate the state of the
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business cycle
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not convinced well you're not watching
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television because every official in the
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Biden Administration all these
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credential economists went on camera to
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swear it was true
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I do want to emphasize what a recession
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really means is a broad-based
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contraction in the economy and even if
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that number is negative we are not in a
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recession now and certainly that in
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terms of the technical definition it's
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not a recession the technical definition
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considers a much broader spectrum of
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data points the idea that uh two
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quarters of negative GDP growth is a
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technical definition of a recession is
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wrong if things are going so great
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though then why is it that White House
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officials are trying to redefine
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recession no we're not redefining
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recession if we all understand the
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recession to be two consecutive quarters
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of negative GDP growth in a row and then
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you have White House officials come up
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here to say no no that's not what a
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recession is it's something else how is
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that not redefining recession because
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that's not the definition
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okay so ignore the tape of General we
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shouldn't have played that it's hard to
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think clearly ignore how mind-bogglingly
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repulsive she is ignore all the work
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she's done herself to destroy the
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American economy when she ran the
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Federal Reserve listen to what they're
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saying two consecutive quarters of
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declining GDP
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that's not the definition of recession
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really
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we thought it was we thought that for
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about 50 years no
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turns out we're insane we're
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hallucinating Lucy in the Sky with
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diamond stuff and the media have
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confirmed it this is from Politico quote
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the White House is pretty obviously
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right that even two quarters of
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shrinking GDP would not show the economy
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is currently in recession that's the
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word from Ben White who is the chief
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economics reporter at Politico and he's
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backed up by the Associated Press which
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is totally real just today the AP
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reported that quote the U.S economy
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shrank for a second straight quarter
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raising fears to the nation may be
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approaching a recession we're getting
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close now
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in other words two declining quarters of
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growth is not a recession just like the
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White House said
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and that sounds definitive it's always
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been that way as long as you don't have
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a memory that extends past say last week
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because it was just a few weeks ago
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before the White House declared
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otherwise that everyone was saying
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differently including Ben White and the
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AP they're still using the term
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stewardess they were using the old
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definition
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want examples okay how about this June
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22nd of this year this same Ben White
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Assuming he's real wrote in Politico
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which unfortunately is and we're quoting
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I'm sorry to report that the conditions
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are ripe for a slide in gross domestic
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product growth that lasts at least two
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quarters comma the technical definition
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of recession ooh Ben White could that be
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the same Ben White the same political
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could be and then in January of this
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year which is 2022 we think the AP
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reported the same thing and we're
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quoting Mexico's economy entered a
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technical recession at the end of last
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year with two consecutive quarters of
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contraction
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oh wow so it turns out that was the
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definition prior to two weeks ago in
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fact it's been the definition for
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decades in fact you'll find it in every
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economic textbook ever written it's all
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over the archives the AP which because
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we're paid to do it we slog through
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today here's one example quote French
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economy falls back into recession the AP
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reporter back in 2013. here's a direct
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quote from the article a recession is
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defined as two consecutive quarters of
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negative growth
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whoa
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whoa you're not insane no one dosed you
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you're not hallucinating even CNN used
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to say this is CNN White House
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correspondent John Harwood wrote on
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August 20th 2019 vectoring Trump and Big
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Orange ran thinks no more quoting
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recession equals economy shrinks for two
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quarters
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oh wow in fact not to blame her the
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point even Brian deese who's now the top
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White House economic advisor used to run
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with that definition and we're quoting
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economists have a technical definition
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of recession which is two consecutive
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quarters of negative growth he wrote
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that back in 2008 unfortunately for him
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we found it
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and yet this week everything's different
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because you can't say stewardess anymore
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so diesa's new position is quote two
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negative quarters of GDP growth is not
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the technical definition of recession
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whoa okay if you say so because in the
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beginning was the word you are God now
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but that does raise the question if it's
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not a recession
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then what is it well
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for this and all other important matters
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including intimate marital questions we
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go to the White House Press Secretary
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who informs this it's not a recession
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it's quote a transition
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when you look at it more broadly at the
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data and that's why we're seeing what
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we're seeing is that we are in a
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transition
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we're in a transition does that mean the
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whole country's now taking puberty
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blockers and becoming a girl no
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different kind of transition
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this is a transition to Green energy and
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Renewables Joe but I'd announce it say
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it's a transition to handing China our
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energy grid oh that's a transition some
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might call it a collapse of Empire and a
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subsequent disaster where we're ruled by
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people who hate us but no it's a
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transition in which China gets to making
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control the wind turbines the lithium
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the solar panels
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hmm
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what do actual voters think about this
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who cares because that only matters in a
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democracy but we'll tell you anyway
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Americans do not want to hand our energy
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grid to China or stop using air
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conditioning in the summer or drive your
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stupid little electric cars
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right because it turns out No One
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Believes the experts who have told us
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the world is going to end for the past
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50 years but who still buy beachfront
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property paging you Barack Obama and
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most people kind of understand what's
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going to happen next they could become
[626]
Sri Lanka a country that destroyed
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itself committed National Suicide in
[630]
pursuit of a high ESG score turns out
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actual people of both parties just all
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normal people want to do things like
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afford gasoline or have some place to
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live they can afford
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what Joe Biden said today will get us
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much closer to Sri Lanka there's kind of
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no dispute about that we also know for
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certain that the spending under the
[648]
Biden Administration under previous
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administrations but certainly
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dramatically accelerated under Biden has
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devalued the dollar to the point that we
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have massive inflation and a decline in
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GDP because as money loses value and
[660]
things get more expensive people at some
[662]
point can't afford to buy as much and
[664]
then gross domestic product declines
[666]
it's not like some crazy theory in fact
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even the Federal Reserve Bank of San
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Francisco hardly a right-wing
[672]
Institution
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has pointed out that Joe Biden's
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spending in his first year in office
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single-handedly hiked the inflation rate
[678]
by at least three percent that's higher
[680]
than many other developed countries
[682]
including Germany Canada and the UK
[684]
so what's been the effect for the rest
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of us now they can say there's no
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recession and the word is like firemen
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you just don't say it
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but what's America look like well I
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don't know let's check your local food
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bank or a good chance your local food
[697]
bank is overwhelmed in Boise Idaho for
[700]
example the Meridian Food Bank reports
[702]
they've gone from serving 2 800 people
[704]
every month to 4 200 in just the last
[707]
year another nearby food bank called the
[709]
Care House food bank has reported a
[711]
similar increase a spokesman for the
[713]
care household local news station quote
[715]
we're finding out that with the rising
[717]
rent costs and the rising gasoline costs
[719]
the rent each first the gasoline eats
[722]
second so the family has very little to
[725]
buy food to eat sound like a rich
[727]
country to you a place that's thriving
[729]
that can afford to turn its energy grid
[732]
over to China no it's the same story
[734]
across the country Allentown
[735]
Pennsylvania the Allentown area economic
[737]
ecumenical Food Bank reports a massive
[739]
increase in families who need food
[742]
in the biggest food producing country in
[745]
the world yeah that's us but still the
[747]
food bank's director told the local news
[748]
station there quote since October we've
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tripled the number of families we're
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serving every month she had that 300 of
[755]
the 1800 families she served this month
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are first-time visitors
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they haven't spent years at the food
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bank they need to now because the
[763]
economy is in sorry to use the word
[765]
recession
[766]
outside St Mary's Food Bank in Phoenix
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the AP reported that hundreds of
[770]
families lined up this month the line
[771]
went around the block the food bank's
[773]
main Distribution Center served
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4271 families in just one week last
[779]
month that's a 78 increase compared to
[782]
last year according to the AP quote more
[785]
than 900 families lined up at the
[787]
Distribution Center every weekday for an
[788]
emergency government food box stuffed
[790]
with Goods such as canned beans peanut
[793]
butter and rice that's a bread line by
[795]
the way that's a bread line in the
[796]
United States did you see that on NBC
[799]
Nightly News probably not it was
[800]
happening ever Alameda food bank in
[802]
California similar numbers they've gone
[804]
from 890 households served on a typical
[807]
Friday in January to more than 1400
[809]
families on a typical Friday last month
[812]
in Central Florida the Second Harvest
[814]
Food Bank which supplies around 500 Food
[816]
Bank Partners in the region says the
[818]
number of people looking for food not
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for vacations in Antigua or in new Tesla
[823]
but for food to eat so they can survive
[825]
has gone up 25 percent in the last month
[829]
the food bank used to distribute 150 000
[832]
meals overall a day now they're up to a
[834]
quarter million and that number is
[835]
rising the food bank's director says the
[838]
cause is inflation obviously quote it
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cost quite a bit to put millions and
[842]
millions of pounds of food out the door
[844]
every week and every month
[845]
until that to a local news station
[848]
so does the White House notice any of
[850]
this do they know what's happening
[852]
who knows what they know they certainly
[854]
don't care they're saying it out loud
[855]
Joe Biden's top economic advisor
[859]
Brian deese is telling you that it
[862]
doesn't matter you're worried about
[864]
inflation
[865]
well it's easy for Americans to find
[868]
food says Brian D's watch the United
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States is in a stronger position to
[873]
actually train our focus on tackling
[875]
inflation
[876]
than virtually any other country for
[879]
example you know with respect to food
[881]
we're a net exporter of of agricultural
[884]
Commodities and obviously the high
[886]
prices are hitting Americans very hard
[888]
but uh there that in in a way that is
[890]
different from some places that are
[892]
facing famine for example oh lower your
[896]
expectations America that sound you're
[898]
hearing is the goal post moving so we
[901]
went very quickly now from build back
[903]
better to hey at least you're not
[905]
starving to death
[906]
at least I'm a famine whoa whoa hold on
[909]
a second pal this was America like a
[911]
year and a half ago where the planes
[913]
took off on time and people were getting
[915]
killed every day on the subway and there
[916]
wasn't filth and graffiti and drug
[918]
addicts on the streets and people aren't
[919]
worried about having enough to eat those
[921]
were our first real expectations like
[923]
electricity in the summertime oh but
[926]
there's no famine
[928]
just be glad there's no famine and do
[930]
your part they're telling us
[932]
save us from the climate crisis the one
[934]
that somehow isn't affecting oceanfront
[937]
property in Malibu and Martha's Vineyard
[939]
but not just the climate crisis to save
[940]
democracy in Ukraine
[943]
way more important than inflation your
[946]
stupid economic concerns just the other
[948]
day the president of Ukraine zielinski
[950]
the man they're telling us is the new
[951]
George Washington decide you know what I
[954]
don't have to pretend to care about the
[955]
United States anymore I think Americans
[957]
are ridiculous decadent over fed and I
[959]
have contempt for them
[961]
so he was asked wait a second can
[963]
America afford to send 60 billion
[966]
dollars to your corrupt autocracy so you
[968]
can shoot dramatic magazine photo covers
[970]
for Vogue
[972]
well of course said zielinski and we're
[974]
quoting inflation who's thinking about
[976]
inflation we're fighting for absolute
[979]
communal values What whose values we're
[983]
not in common anything communal with you
[985]
pal you've run a corrupt little Eastern
[987]
European country we have a right to
[989]
worry about our own country
[991]
and at the White House they agree with
[992]
solensky that's almost word for word
[994]
what our national security advisor Jake
[996]
Sullivan said when he was asked the
[998]
exact same question on July 22nd
[1000]
Americans are worried about sending all
[1002]
this money to Ukraine at a time when
[1005]
inflation is out of control and
[1006]
Americans don't have enough money I
[1008]
don't know to buy food or pay rent
[1010]
so the moderator at the Aspen Institute
[1013]
which needs a lot more immigrants from
[1015]
the third world immediately as we told
[1016]
the other night ask this
[1018]
and you know what Jake Sullivan said
[1019]
fundamentally I don't care watch this
[1022]
do you worry about
[1024]
criticism that we're spending billions
[1025]
and millions of dollars to support
[1026]
Ukraine not spending it here
[1028]
it's my job to worry so I worry about
[1031]
literally everything I worry about my
[1033]
answer to this question
[1035]
um
[1036]
so yes I guess I worry but in a way
[1038]
that's sort of not saying anything at
[1040]
all
[1041]
um
[1042]
uh
[1043]
this is the Being John Malkovich portion
[1046]
of the of our of our session but
[1049]
fundamentally no Congress passed a 40
[1052]
billion dollar package for Ukraine is
[1056]
the reservoir of support in this country
[1057]
as translated into the Congress and the
[1061]
executive branch deep and sustainable
[1064]
from the point of view of doing whatever
[1065]
it takes for as the president has said
[1067]
as long as it takes yes
[1071]
so here you have Jake Sullivan and Jeff
[1075]
Goldberg two midwits who've accomplished
[1078]
pretty much nothing in their entire
[1079]
lives talking about the issues that will
[1082]
Define this country for our
[1084]
grandchildren
[1086]
before an audience in Aspen and saying
[1089]
things like I'm not worried at all and
[1091]
then the audience titters and you wonder
[1094]
and historians will review tapes like
[1096]
that when they try to figure out what
[1097]
actually happened to this thriving
[1098]
civilization we had you wonder if these
[1100]
people can hear themselves
[1101]
do they know how they look do they know
[1103]
how ridiculous they are do they know how
[1105]
deeply the public despises them for good
[1107]
reason do you worry about criticism
[1109]
we're sending billions of dollars to
[1111]
support Ukraine and not spending it here
[1112]
fundamentally no
[1114]
and Jake Sullivan isn't worried because
[1116]
he knows he can call inflation
[1118]
transitory when it's not he can deny
[1120]
we're in a recession when we're
[1121]
obviously in one
[1123]
because the words are all that matter to
[1126]
them not the reality they don't walk
[1129]
through Midtown in Manhattan and notice
[1131]
hey this is disgusting this is where
[1133]
someone buy how did it get this way they
[1135]
don't even notice
[1137]
tomorrow we're going to have an
[1138]
hour-long investigation into the actual
[1140]
state of our economy how we got here how
[1143]
we get out subscribe to the Fox News
[1145]
YouTube channel to catch our nightly
[1148]
opens stories that are changing the
[1150]
world and changing your life from Tucker
[1153]
Carlson tonight
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