FNC’s Martha MacCallum And Biden Adviser Get Into Furious Exchange [VIDEO]

He argued that private sector growth rose 3% and that earnings reports from JP Morgan, Morgan Stanley and City Group showed that consumers are spending 10% more than last year, which is “not consistent with a recessionary period.”

“Well, you can see why people are a little bit weary, because we were all told that inflation was going to be transitory by the same individuals, by all of you. So that does make people weary to listen again,” MacCallum said.

The host cited a CNN poll finding that 64% of Americans believe the nation is already in a recession due to their own personal economic experiences. The poll surveyed 1,459 respondents between June 13-July 13 with a 3.3% margin of error.

“You can tell us that everything is going to be fine because job growth is good, and I would only point out on that front that we have also had a once-in-a-century pandemic, so when you completely shut down the U.S. economy, you would expect you’re going to add a lot of jobs as you’re coming out of it. Correct?”

“I think the reality is that when you have a once-in-a-generation pandemic and then an unthinkable war that roils the global economy, it is hard to imagine that the U.S. economy would escape all that,” Sperling replied. “But Martha, I gave you very solid facts about why this economy is showing resilience, why you’re having strong markets. There’s no doubt or spin to the idea that we’ve created a million jobs in the last three months and there’s no spin to what I said about the reporting from JP Morgan or Morgan Stanley or City Group. Those are all reflecting strength.”

“Like I said, I think everybody hopes that you’re right and it can be tricky as a supervisor, that’s why you get elected and that’s why people rely on your sort of experience. They don’t want to be told that something’s transitory then it turns out not to be and you see how people feel when you have 64% saying ‘I’m already in a recession as far as I’m concerned.’”

Sperling argued that the economic recovery is “consistent” with predictions and strong, which MacCallum said is a result of coming out of the pandemic. She then argued the government had given out “way too much stimulus” that ultimately led to inflation.

“We’ll see in the end, in history’s eye, who’s actually right,” MacCallum said.