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CNN The Lead With Jake Tapper June 4, 2024 21:32:00

Gdp growth and we re in that. they re saying the job growth is too strong to be a recession. what do you make of that? i think they would be better off saying something more like, if this is a recession, we re hoping it will be mild and we re doing our best to make it as short as possible. the problem contesting the definition of a recession is voters make their own judgments about the conditions they re under. voters have been unhappy with this economy, and it begins to sound like the president and his team are arguing with the votes about how they re feeling. that s not good position to be in. there is a risk as looking as though they re in denial. yeah. i think they should be talking about what they re doing to strengthen the economy. this week is a week where they have a great story to tell. the job market is strong. and so i don t think the average person gets caught up in these definitions. so i don t think it s worth them trying to have that fight with ....

Job Growth , Gdp Growth , Problem Contesting , Job Market ,

CNN CNN Newsroom With Poppy Harlow and Jim Sciutto June 4, 2024 14:25:00

Are out showing that the u.s. economy did shrink during the second quarter by just under 1%, that by traditional definitions would mean two consecutive quarters of negative growth, which means recession in minds of some, although i know that other economists will look at a number of indicators. i just wonder you speak to voters in your state all the time. is the u.s. in recession? i am going to speak to a lot of them and go to the state fair. we ll have a lot of good news to share. job creation numbers from the department of labor the last three, four, five months, 300,000, 400,000 jobs created a month. on that front we re doing fine. the infrastructure bill, which is still being implemented and the legislation we re hopefully going to pass, there s plenty of stimulus to keep the economy more. the difference here is it s paid for. it fully offset in ways i think make a lot of sense. ....

U S , Infrastructure Bill , Job Creation Numbers , Department Of Labor ,

BBCNEWS HARDtalk June 4, 2024 23:32:00

Is in a crisis, that leader should leave office and give others an opportunity who can come and do a much better work. because i don t think that mr ramaphosa has got a coherent plan as to how he ll save south africa. but that s not the way democracy works, mr malema. mr ramaphosa has a mandate given to him by the south african people. and, indeed, if you look at the business community, if we re talking about the economy, it seems business leaders think that removing ramaphosa would actually make south africa s situation worse. no, democracy works like that. that s why our constitution provides for the resignation of the president, or impeachment, or a motion of no confidence. so the democracy you are trying to define now, you can t find it in any of the definitions of democracy. ....

You Can T Quote Ramaphosa , South Africa , Julius Malema , South African People , Democracy Works , Business Leaders , Business Community , Situation Worse , No Confidence ,

CNN Don Lemon Tonight June 4, 2024 02:37:00

That larry. let s talk about americans are feeling. 64% of americans feel like the economy is in recession. that s according to cnn s latest poll. i understand we are seeing. you are saying that is technically not so. your hair a lot of spin in fancy definitions but two people feel this recession why not just tell them, you know, what is really happening? i guess we are talking about really is happening but they just don t feel. it they feel like there is a recession. look, we can argue about the semantics. people feel bad because the purchasing power of what they are earning has gone down. the reason the purchasing power of with the earning has gone down is that we had 9.1% inflation. that is a lot faster in people s paychecks are rising. and the reason that s happened is that policy makers made mistakes. in 2021 they kept speeding even ....

U S , Larry Summers , Ldon T Feel , Purchasing Power , 9 1 , Policy Makers ,

CNN Don Lemon Tonight June 4, 2024 06:37:00

We are in one if thursday s number is negative, is one that is made by people who are either ignorant of economics already think more frequently looking to make political points. i m glad you said that. thank you for clarifying that, larry. let s talk about what americans are feeling. 64% of americans feel that the economy is in a recession. that s according to cnn s latest poll. i understand what you re saying, and that s technically not subtle, but that is how people feel. we are hearing a lot of spin and fancy definitions but when people feel this recession, why not just tell them which is really happening? i guess we are telling them what s really happening that they just don t feel it. they feel like there is a recession going on. look, we can argue about the semantics. people feel bad, because the purchasing power of with they are earning has gone down. the reason the purchasing power ....

U S , Purchasing Power ,