A recession is any 4-year period in which a Republican is in the White House. Worst recession in US history was 2017-2021.
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.
A recession might explain the recent small drop in gasoline prices. Demand is falling off as the economy shrinks.
Lets change the definition of Left/Liberal to Terrorist
Actually it is the most commonly accepted definition of a recession and it is the way economist evaluate the business cycle.
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.
They changed the definition of winning an election.
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.
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.
Biden/Obama redefinition of things...
Freedom is Slavery
Ignorance is Strength
War is Peace
2 + 2 = 5
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.
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.
““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.”
That’s been the definition everyone has used for as long as I can remember and I have been around a while.
“Baddacafcare”
Of cours, Biden is going for the Carter record...
Buckle your seatbelts. Its coming.
Biden/Obama redefinition of things (expanded)...
Start with “[Biden/Obama] told you to reject the evidence of your eyes and ears. It was their final, most essential command.” ― George Orwell, 1984
Girls are Boys
Boys are Girls
Freedom is Slavery
Ignorance is Strength
War is Peace
2 + 2 = 5
Lies are The Ministry of Truth is lies
Torture is the Ministry of Love
Starvation is the Ministry of Plenty
War is the Ministry of Peace
I wonder how THIS ADMINISTRATION will define STARVING when it becomes reality.