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Fox ‘News’ Chris Wallace talks about our Great Depression economy; Steve Mnuchin appears delusional

05/10/2020 Ms. G Newscasts 0

foxnews.com

“These are very, very large numbers, these are not large numbers because of the economy wasn’t doing well, these are large numbers because we’ve shut down the economy and I would just highlight the biggest component of this was in travel and retail and leisure and, not a surprise, we’ve closed down major parts of the economy,”

Wallace questioned Mnuchin about the economic optimism coming not just from him but President Donald Trump:

“I’ve got to tell you, and I want to ask about a number of signs which indicate that the recovery is going to be much slower than that, sir. Job losses are not just in hospitality industry — airlines, restaurants, as you would expect — but they’re more widespread. The white collar and government sector, 3 million Jobs lost. Major retailers like Neiman Marcus and J Crew declaring bankruptcy. And the nonpartisan Congressional Budget Office says unemployment at the end not of this year, but of 2021, will still be 9.5 percent. Question, are your rosy predictions based on economic reality or the November election?”

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