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Chris Wallace nails Steve Mnuchin: ‘Are your rosy predictions based on reality or the November election?’

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Treasury Secretary Steve Mnuchin on Sunday insisted that his “rosy” projections about the economy have nothing to do with the November election.

“I think it’s important that we face what the real numbers are,” Fox News host Chris Wallace told Mnuchin. “The Bureau of Labor Statistics says the real number, which includes people who are not looking for work, is 22.8%. That does not include the 7 million people who have lost their jobs since then.”

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“Aren’t we talking close to 25% at this point, which is Great Depression neighborhood?” the Fox News host asked.

“We could be,” Mnuchin agreed. “Unlike the Great Depression where you had economic issues that led to this, we closed down the economy. It wouldn’t be a surprise if you close down the economy, half of the workforce didn’t work.”

“We’re very focused on rebuilding this economy,” the Treasury secretary added. “That’s why we’re focused on rebuilding this economy. We’ll have a better third quarter, we’ll have a better fourth quarter and next year is going to be a great year.”

The Fox News host, however, did not seem convinced.

“You and the president both say that the economy is going to come roaring back,” Wallace noted. “I’ve got to ask you about a number of signs that indicate that the recovery is going to be much slower than that, sir.”

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Wallace pointed to predictions that the unemployment rate will be over 9% until the end of 2021.

“Are your rosy predictions based on economic reality or the November election?” Wallace asked.

“My numbers aren’t rosy,” Mnuchin replied. “I’ve said you are going to have a very, very bad second quarter and then I think you are going to see a bounce back.”

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The Treasury secretary went on to explain that his predictions are based on the presumption that vaccines and therapies for COVID-19 would soon be available.

Watch the video below from Fox News.

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‘We are leaderless right now!’ Trump supporters despair that he’s doing nothing as riots erupt across America

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Several supporters of President Donald Trump are very upset that he is not doing enough to crack down on the violence that has swept the country ever since the killing of George Floyd last week.

As reported by the conservative Daily Wire, many conservatives who have otherwise been supportive of Trump are growing exasperated that he spent the weekend hunkered down in the White House and only sending the occasional angry tweet.

"Does Trump have dementia or something?" asked pro-Trump political pundit Mike Cernovitch. "Because sitting on his fat ass right now isn't the right move."

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2020 Election

Desperate and ‘out-of-control’ Trump might prompt violent insurrection to stay in office: columnist

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Writing for the Daily Beast, columnist Michael Tomasky made a strong case that Donald Trump has removed any doubt that he is "morally unfit" to be president and, faced with the possibility he may not be re-elected, could resort to encouraging his followers to take up arms in his defense.

"Naively, I always thought that even Donald Trump would stop short of actually inciting violence. I mean, he’s the president of the United States," Tomasky began before adding, "History means nothing to him, and the future means even less. Presidents—all presidents, even ones I didn’t like—think about the office, the future implications of their actions, the future of our institutions."

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Protests around the world: This time it’s different

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A profound, historical difference separates the protests across America the past six days from past eruptions of anger over police violence against black men and women. It’s a difference that isn’t showing up news reports, televised or print even though it’s quite apparent.

The differences are where these demonstrations are taking place and who is protesting,

In Los Angeles, the demonstrators were not in the poor and historically black neighborhood known as Watts, but in Beverly Hills and the city’s prosperous West Side. Many of those demonstrating were white. In some places a majority were white.

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