https://summit.news/2022/07/26/videos-b ... recession/
Apparently, what once constituted a recession, two continuous quarters of negative GDP growth, somehow doesn’t anymore:As it becomes clear that The U.S. has entered a recession, Biden Administration officials appear to be using semantics to avoid admitting it, with some suggesting ‘its not a recession, it’s a transition’.
— RNC Research (RNCResearch) July 25, 2022REPORTER: “Two negative quarters, two contracting quarters, means that the economy is in a recession. Do you believe that?”
BIDEN ADVISOR GENE SPERLING: “That is not the actual definition of a recession. It is a significant contractionary period over a few months.”
https://twitter.com/i/status/1551661702189666306
— RNC Research (RNCResearch) July 25, 2022Biden economic advisor Jared Bernstein: “I would really object to this kind of semantic claim … the idea that two quarters of negative GDP growth is a technical definition of a recession is wrong” https://twitter.com/RNCResearch/status/ ... 8246299651
When Trump is President, a recession is a recession:
— RNC Research (RNCResearch) July 25, 2022In 2019, now-Biden economic advisor Jared Bernstein defined a recession as GDP “crossing zero.”
In the first quarter of 2022, GDP was -1.6%. https://twitter.com/RNCResearch/status/ ... 4231473160
Not now though!
— RNC Research (RNCResearch) July 25, 2022BIDEN: "We're not gonna be in a recession" https://twitter.com/RNCResearch/status/ ... 0972147714
‘It’s ok when we do it.’
— RNC Research (RNCResearch) July 25, 2022"What is exactly the White House's definition of a recession?"
KARINE JEAN-PIERRE: "I'm not going to define it from here" https://twitter.com/RNCResearch/status/ ... 2796073984
Janet:
"A common definition of recession is two negative quarters of GDP growth, but I'm officially changing that definition. A recession will now be recognized as SIX quarters of negative growth, or ANY quarter during which a Republican President is in office.
— Mark Villano (MarkVillano2) July 24, 2022
— Tommy Pigott (TommyPigott) July 25, 2022Siri, what is the definition of a recession? https://twitter.com/TommyPigott/status/ ... 4478978048
— RNC Research (RNCResearch) July 26, 2022Even CNN is shaking its collective head at Biden officials’ attempts to fake their way out of admitting they’re in a recession:
Amid fears of recession, CNN’s Kasie Hunt slams the Biden administration for denying the definition of a recession:
“You can’t fake this!” https://twitter.com/RNCResearch/status/ ... 2061542407
— RNC Research (RNCResearch) July 25, 2022It’s not a recession, it’s a “transition”:
Biden economic advisor Brian Deese: “We are seeing a slowing [economy], that is not only expected but necessary, as we operate through this transition.” https://twitter.com/RNCResearch/status/ ... 2526638082
— RNC Research (RNCResearch) July 25, 2022Biden economic advisor Jared Bernstein says the energy “transition” requires an “aggressive play” to phase out oil and gas https://twitter.com/RNCResearch/status/ ... 3460552706
.Embarrassing and shameful, again