Posted on 05/25/2024 6:17:45 AM PDT by MtnClimber
As Americans struggle to keep up with the rising tide of prices and feel the squeeze of high interest rates on housing, President Joe Biden continues to claim that the economy is good. “Bidenomics” is working, there’s no recession to see here, so shut up and enjoy the drag queen performances at the White House.
That narrative took a hit back in 2022, however, when America experienced two consecutive quarters of decline in gross domestic product—the traditional definition of a recession. In the first quarter of 2022, inflation-adjusted GDP declined in the U.S. by 1.6%, and it declined by an additional 0.6% in the second quarter of that year.
The Biden administration responded by simply redefining the word “recession.” The move made a bizarre kind of sense coming from a bureaucracy that has redefined what it means to be a woman.
The White House stated in July 2022 that “it is unlikely that the decline of the GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.”
The Heritage Foundation, a stick-in-the-mud organization that doesn’t support willy-nilly redefining words to suit the woke movement, decided to get to the bottom of this whole redefining-a-recession nonsense. Heritage’s Oversight Project filed a Freedom of Information Act request in July 2023, asking the Treasury Department for internal communications regarding recessions. (Heritage created The Daily Signal in 2014.)
Treasury asked Heritage to narrow the parameters of the request. It did so. Treasury refused to hand over the documents by the time required by law. Heritage sued. Late last month, Treasury handed over some documents.
The catch? Most of the conversations in those documents have been redacted.
To be sure, we do get little gems like “I’d be glad to discuss tomorrow or Monday,” and “Thank you for forwarding.” These largely meaningless pleasantries are among the few words Treasury apparently deems nonthreatening enough to reveal to the public.
Many pages simply feature a large black box redacting the entire page.
One email shows Treasury staff discussing a quote from the International Monetary Fund stating that a “technical recession” consists of two quarters of economic decline.
“For the United States, some indicators, such as the Federal Reserve Bank of Atlanta’s GDPNow forecasting model, suggest that a technical recession (defined as two consecutive quarters of negative growth) may already have started,” Gene Sperling, a senior adviser to Biden, quoted the IMF in an email on July 26, 2022.
Treasury redacted Sperling’s own words in his email, along with the substance of every email responding to him.....
Why would they redact information about the “great” economy?
Don’t just PLAN to sue ... do it!
As if owning the entire media is not enough for the regime.
Too much recession? Change the definition and POOF! no recession! Too much crime? Change the definition of common crimes and POOF! crime rates are falling everywhere! Need to pin a crime on your political opponents? Make up a new one and POOF! Frogwalk him to jail.
George Orwell wrote the manual.
Biden Admin can’t sell their new speak like 1984.
They do this all the time, they are perverted and basterized.
Sources and methods need to be redacted!
To repeat your question: Why retract ANY WORDS AT ALL regarding the definition of economic terms used to define and determine national economic policy?
Other than to cover-up a democrat party manipulation of the national economy by claiming “National Security”, that is.
Have to protect sources and methods.
Especially methods.
Especially their methods.
bttt
What is truth?
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