After Warning Sequester Would Damage Economy, NBC Says Nevermind

Kyle Drennen | May 29, 2013
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Talking to CNBC Mad Money host Jim Cramer on Wednesday's NBC Today about signs of improvement in the economy, co-host Matt Lauer wondered about past media fearmongering: "[What] we talked about over and over again over the last year was the sequester and whether it would pour a lot of cold water over our recovery here. Has that happened?"

Cramer replied: "No, it didn't. It didn't even hurt the defense stocks, those are the hottest stocks there is. So the stock market is terrific, housing's good, spending is going to increase. Things are going to get better."

More in the cross-post on the MRC's NewsBusters blog.

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