NBC Nightly News seemed to have discovered that the U.S. is in a “housing recession” under President Joe Biden on Aug. 18, after MRC Business ripped the network for initially ignoring the story.
CNBC on Aug. 15 reported that The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index “dropped 6 points in August to 49” for its eighth consecutive monthly decline. Any score below 50 is considered a negative. NAHB Chief Economist Robert Dietz said in a statement obtained by CNBC that “‘[t]ighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession.’” Fox Business reported that the result marked the “worst stretch for the housing market since the 2008 financial crisis.” NBC Nightly News One of the three main news networks ignored the story completely during their Aug. 15 broadcast.
MRC Business called the network out the next day for its derelict behavior on the “housing recession.” In addition, MRC Business pointed to a visible pattern of NBC spinning itself silly to protect Biden either by avoiding the admission that the U.S. is in a “recession” at all or by legitimizing the White House’s sordid redefinition of the term. Lester Holt, NBC News’ anchor reported the story on housing recession two days later after MRCB had destroyed the network.
NBC Nightly News (Aug. 18-2022 broadcast.
Looks like NBC actually tried to commit a crime of journalism.
Conservatives under attack Contact NBC News at 212-664-6192 and demand they tell the truth about how terrible President Biden’s economy really is.