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All posts tagged "Economy Shrinking"

'A good report?' GOP lawmaker stuns CNN's Berman over response to shrinking economy

'A good report?' GOP lawmaker stuns CNN's Berman over response to shrinking economy

A Republican lawmaker stunned CNN's John Berman when he referred to news that the economy shrunk by 3% due to President Donald Trump's machinations as "a good thing."

Berman presented Rep. Kevin Kiley (R-CA) with Wednesday morning's news that the economy has gone into reverse.

"So, GDP down 0.3% in the first quarter. It was a growth rate of 2.4% in the final quarter of last year, the first contraction since 2022. What do you think this data is telling us?" Berman asked. ...