Fox Business Network host Maria Bartiromo claimed Friday that any big downturn in the economy would be “Joe Biden’s recession.”
On Mornings with Maria, she and Fox host Charles Payne discussed the possibility of a “dire financial situation” looming, with Payne first declaring that “we are already in a labor crisis”—one which isn’t evident through jobless claims.
“People are leaving work and no one is being hired. And that’s what [the] ADP [jobs report] also backed up,“ Payne said. ”Also, work hours are getting longer and wage growth is getting slower. That’s where the labor crisis is going to show up. And that’s where it’s going to start to hurt us."
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Friday’s jobs report from the Bureau of Labor Statistics showed 151,000 jobs added in February—fewer than expected—with unemployment rising from 4 to 4.1 percent. Employment in the federal government declined, obviously, given the so-called Department of Government Efficiency’s sweeping cuts.
After Bartiromo said how several potential interest rate cuts by the Federal Reserve would bring a recession, Payne claimed “most people are already in a recession” considering “just 10 percent of the population buy[s] 50 percent of the goods and all of the so-called excess cash is long-gone from the bottom 75 percent of this country.”
Payne added, “When I went to the polls in November, they were in a recession.”
Payne contended that the metrics used to measure the economy’s condition need to be re-examined because they’re “so way off.”
Bartiromo responded: “We’ll see if Joe Biden’s recession shows up.”
After a commercial break, Bartiromo agreed with former 2016 Trump campaign adviser Stephen Moore, who insisted that Donald Trump “inherited a god-awful mess from Biden.”
“That’s why I said earlier it would be Biden’s recession,” she said.
The Trump-friendly host then forecasted a negative response to her latest comment, alluding to the reaction she garnered earlier this week when she didn’t appear all that concerned with Trump’s tariffs harming automobile sellers.
“I know the haters out there will slam me later. The other day they went nuts on me on Twitter, on X,” Bartiromo said. “I said, well, how come I don’t see any Dodge Rams or Dodge pickup trucks in Europe? And they went nuts on it. But it’s true!”
Trump’s tariffs on Mexico and Canada—which he later reversed course on due to consumer and investor concern—caused the largest weekly stock market drop since last September. It’s also the S&P 500’s third consecutive week in the red.
