How does the Biden WH deal with a recession? Simple! Change the word’s definition
http://twitchy.com/dougp-3137/2022/07/25/how-does-the-biden-wh-deal-with-a-recession-simple-change-the-words-definition/
The U.S. economy is in a recession, and the Biden White House’s economic team has adopted a strategy to deal with it: Gaslight like crazy.
Here are Fed Secretary Janet Yellen and two other White House economic gaslighters moving the goalpost on yet another definition:
Tom Elliott (@tomselliott) ~ .@SecYellen: Two negative quarters of economic growth "is not the technical definition" of a recession.
http://twitter.com/i/status/1551558486324043776
Tom Elliott (@tomselliott) ~ WH's @econjared46: Actually two quarters of negative GDP doesn't necessarily qualify as a recession.
http://twitter.com/i/status/1551557818465107970
Tom Elliott (@tomselliott) ~ Biden Chief Gaslighter @BrianDeeseNEC: "In terms of the technical definition, [two negative quarters of growth] is not a recession."
http://twitter.com/i/status/1551550232634294272
And it’s not just the rhetoric from Biden’s economic advisers. The White House website’s definition of “recession” is also changing:
Jacqui Heinrich (JacquiHeinrich) ~ Bracing for impact: Even if Thursday's GDP report shows a second consecutive quarter of negative growth, you won't hear the Biden admin using the R-word.
The Council of Economic Advisers is redefining what a recession is ... 🤔
http://whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/
Is there anything more pitiful and desperate than the Biden White House?
What is a recession? While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle. Instead, both official determinations of recessions and economists’ assessment of economic activity are based on a holistic look at the data—including the labor market, consumer and business spending, industrial production, and incomes. Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.
“You’re not actually seeing what you’re seeing” is what they’re reduced to.
Amber Smith (@AmberSmithUSA) ~
They redefined vaccine.
They redefined woman.
Now they have redefined recession.
Move those goalposts, Biden admin!
Sandy (@RightGlockMom) ~ No worries. Apparently we defined "recession" wrong throughout history. They think we're stupid, don't they? 😂
These people couldn’t be more predictable.
Jay Caruso (@JayCaruso) ~ So they're going to do this. The Biden administration is actually going to go with The Big Lebowski, "That's just like, your opinion, man," reasoning on what it means to be in a recession.
Brian (@gemstatebrian) ~ “Strictly speaking, recessions only happen when Republicans are in the White House.”
We’re a little surprised that hasn’t been added to the White House’s definition yet.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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