WH Redefines ‘Recession’ Days Before Expected GDP Report Showing More Growth Declines

https://bigleaguepolitics.com ^ | Jul 25, 2022 | Bo Banks

[Vermont Lt]

Honestly, this happens pretty much every time we’ve gone into recession since the Bush days.

My understanding was there is some economic council made up of academic economists who actually “declare” what everyone knows.

The two negatives in as row is a wall street and financial rule of thumb.

No one “wants” as recession. And the pols will always try to deflect the label being pinned on them. In this case, with Biden flailing around, the “two in a row” is going to get slapped on him pretty quickly.

The administration denying this is as old as administrations. While I despise Old Joe, this tactic has been pulled buy Dems and Reps alike over the years.

[Night Hides Not]

And the last thing you want to engage in is a land war in Asia.

Everyone knows that...lol

[Night Hides Not]

No doubt that’s coming from Ron Klain, a real life Wesley Mouch if ever there was one.

[Vermont Lt]

The fuel prices are going to swing back in the fall. School travel, business travel, and harvest expenses will eat up any surplus.

We will be around $4.50 a gallon by Halloween.

[bert]

Two quarters with negative growth

We are already in the recession

[Red Badger]

Just wait until the end of this quarter, Q3, at the end of September, a little over a month before the mid-terms, and they will say THREE quarters of negative GDP is not a ‘recession’.

OR

If there is positive GDP, they will declare that Biden’s policies have SAVED US FROM THE RECESSION that we were NOT in....................😜

[Candor7]

Red, ease up opn these poor stupid lefty Democrats. Like so many other aspects of their destruction of America, they are “reimagining” recession.

A Re-imagined recession is not so bad! ( sarc.)

Dorothy the Democrat is still following the rabbit down that bunny hole in order to meet the Mad Hatter (Nancy Pelosi) , The Queen of Hearts ( Kamala Harris), and the Cheshire Cat ( Joe Biden).

[Red Badger]

Dorothy?

or Alice?

down the rabbit hole?

You’re splitting Hares.................

[Candor7]

You’re splitting Hares.................>>>>>>>>

GRIN!

[Vermont Lt]

No doubt about that.

They will parade out their smug spokespeople this week telling us that which we can see, feel, and taste is really ice cream. And we should enjoy it.

[Red Badger]

Some way, some how they will attempt to blame Trump for this mess.................... and it will blow up in their faces.............

[Repealthe17thAmendment]

With these inflation numbers, rising interest rates, and negative growth, the employment numbers are sure to drop. They might want to lie their way out of this for now, and say that a recession can identify as not a recession if certain conditions exist, but we all know that the recession is here, and it's going to stay here. And it's going to get worse.

Who knew that economies can now be Identity-Fluid.

[Red Badger]

[subterfuge]

“Food challenged”

[minnesota_bound]

A recession is not a recession.
A vaccine is not a vaccine.
High prices are normal.

[ToxicMasculinity]

The meaning of "is" is constantly changing.

[Red Badger]

https://www.youtube.com/watch?v=TuKeSUUK-A4