Joe Biden bragged about the economy and celebrated the passage of the poorly-named "Inflation Reduction Act" and/or climate bill just hours after the August inflation numbers came in hot, showing inflation of 8.3% (on a year-over-year basis).
As he spoke, the stock market was in the midst of suffering its worst single day drop since June 2020, prompting CNN to cut away from the speech after acknowledging the ironic juxtaposition.
"Okay. You’re listening there to President Biden at the White House. He’s celebrating the passage of the Inflation Reduction Act and he says he’s been fighting big pharma for decades," host Alisyn Camerota began. "But there’s this unfortunate split-screen right now with the Dow taking a total beating down more than 1200 points and so it feels like it’s hard to be celebratory for some people."
Watch below:
MSNBC also cut away from the speech early, with host Nicole Wallace deciding to spend the time instead complaining about Donald Trump.
Matt Palumbo is the author of The Man Behind the Curtain: Inside the Secret Network of George Soros
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"Unfortunate...." - CNN Cuts Away As Market Crashes During Biden "Inflation Reduction Act" Speech
- by: Matt Palumbo
- September 14, 2022
- Source:
Bongino
- 09/14/2022
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