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WH Redefines ‘Recession’ Days Before Expected GDP Report Showing More Growth Declines
https://bigleaguepolitics.com ^
| Jul 25, 2022
| Bo Banks
Posted on 07/25/2022 7:05:10 AM PDT by Red Badger
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Who didn't see this coming? Raise your hand......................
To: Red Badger
A recession is any 4-year period in which a Republican is in the White House. Worst recession in US history was 2017-2021.
2
posted on
07/25/2022 7:07:02 AM PDT
by
ClearCase_guy
(We are already in a revolutionary period, and the Rule of Law means nothing. It's "whatever".)
To: Red Badger
3
posted on
07/25/2022 7:09:04 AM PDT
by
BenLurkin
(The above is not a statement of fact. It is either opinion, or satire, or both.)
To: Red Badger
You can call a cat a frisbee but that doesn’t change what it really is.
Nobody with a link of common sense gonna buy this bull5h!t anymore than they bought the “putin gas hike” bull.....all this flailing in desperation is delicious IMO.
4
posted on
07/25/2022 7:11:26 AM PDT
by
V_TWIN
(America...so great even the people that hate it refuse to leave)
To: ClearCase_guy
Biden was in office 2021. You’ve got your dates wrong.
To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; ...
6
posted on
07/25/2022 7:12:47 AM PDT
by
bitt
( <img src=' 'width=50%> )
To: Red Badger
A recession might explain the recent small drop in gasoline prices. Demand is falling off as the economy shrinks.
7
posted on
07/25/2022 7:14:27 AM PDT
by
dhs12345
To: Red Badger
Lets change the definition of Left/Liberal to Terrorist
To: DownInFlames
Jan 2017 inauguration of Trump to Jan 2021 inauguration of Biden. From a Democrat perspective, that 4 year period was our Darkest time.
9
posted on
07/25/2022 7:15:16 AM PDT
by
ClearCase_guy
(We are already in a revolutionary period, and the Rule of Law means nothing. It's "whatever".)
To: Red Badger
“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,” the White House wrote. Actually it is the most commonly accepted definition of a recession and it is the way economist evaluate the business cycle.
To: Red Badger
are based on a holistic look at the data Whenever someone tells you to take a holistic look at the data on anything, watch out. Holistic = everyone's opinions and feelings on the topic count.
11
posted on
07/25/2022 7:16:41 AM PDT
by
Opinionated Blowhard
(When the people find that they can vote themselves money, that will herald the end of the republic.)
To: ClearCase_guy
That is the perfect definition of recession.
I always liked Lincoln's comment on defining words.
12
posted on
07/25/2022 7:16:49 AM PDT
by
ProtectOurFreedom
(“...see whether we in our day and generation may not perform something worthy to be remembered.”)
To: Red Badger
They changed the definition of winning an election.
13
posted on
07/25/2022 7:17:01 AM PDT
by
alternatives?
(The only reason to have an army is to defend your borders.)
To: Red Badger
The National Burea of Economic Research, NBER, has used the definition of a recession (two consecutive quarters of declining real GDP) for what 75 years or so. It may not be the definion of a recession in the era of the “great reset” but it has been the standard definition of a recession by economists and others regardless of political affiliation.
Democrats used that definition whenever Republicans are in the White House and we observe those two consecutive quarters of decline no matter how mild.
To: Red Badger
It wont matter, theyll likely be 3-4 quarters of shrinking GDP so...even when looked at in conjunction with other metrics it will still constitute a recession. Its unavoidable. They are still spending money like drunken sailors and the interest rate hikes are not over yet.
To: DoodleDawg
To: Red Badger
Biden/Obama redefinition of things...
Freedom is Slavery
Ignorance is Strength
War is Peace
2 + 2 = 5
17
posted on
07/25/2022 7:19:26 AM PDT
by
Jim W N
(MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
To: Red Badger
18
posted on
07/25/2022 7:21:20 AM PDT
by
gitmo
(If your theology doesn't become your biography, what good is it?)
To: Red Badger
As expected and MSM will help them get away with it just like they did when they removed gas and food from the inflation calculation. It must be really bad because they couldn’t rig the numbers enough to ward off the R word.
19
posted on
07/25/2022 7:24:33 AM PDT
by
iamgalt
To: Red Badger
We are already in a Biden and Harris Recession, risking a Biden and Harris Depression. Destroying our energy independence, more than doubling fuel prices, high inflation, lost wages, shortages everywhere, plus killing our meat and agricultural industries while freeing up cheap products from China, cheap labor from India, and invaders through our southern border is killing America.
Living in Reno, working around town every day, I see the destroyed families and individuals fleeing California, many now living on our streets thanks to a welcoming Democratic mayor who is likewise destroying our community.
20
posted on
07/25/2022 7:29:59 AM PDT
by
Reno89519
(FJB. Respect America, Embrace America, Buy American, Hire American.)
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