Posted on 07/26/2022 12:37:15 PM PDT by Red Badger
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’.
Apparently, what once constituted a recession, two continuous quarters of negative GDP growth, somehow doesn’t anymore:
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RNC Research @RNCResearch · Follow REPORTER: “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.”
RNC Research @RNCResearch · Follow Biden 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”
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When Trump is President, a recession is a recession:
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RNC Research @RNCResearch · Follow In 2019, now-Biden economic advisor Jared Bernstein defined a recession as GDP “crossing zero.”
In the first quarter of 2022, GDP was -1.6%.
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RNC Research @RNCResearch · Follow BIDEN: "We're not gonna be in a recession"
3:01 PM · Jul 25, 2022
Not now though!
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‘It’s ok when we do it.’
MANY MORE VIDEOS AT LINK..................................
Even CNN is shaking its collective head at Biden officials’ attempts to fake their way out of admitting they’re in a recession:
It’s not a recession, it’s a “transition”:
(Excerpt) Read more at summit.news ...
It’s a “transition” all right.
Yeah, transitioning from a nice life to the typical liberal dystopia.
Yes, it's a "Transition" ...
A Transition to Absolute Poverty for most Americans, ...
Except the Bidens ...
Everyone living like the Waltons (3 generations per household) and being with family more since many were out of work due to Obama Care.
“Transition” = Classic urinating on your leg and telling you it is raining..
Whoopi Goldstein says it’s not Rape rape.
Liberals: everything they touch turns to shit..........................
“Transitioning” to a 3rd world country.
Those of us looking at our skyrocketing gas, grocery & electric bills know The Regime is lying, as they always do.
They will get away with this just like they got away with removing gas and food from the inflation calculation.
What are this economic phenomena’s personal pronouns?
Bidencession
Figures, they cant define what a woman is either
The job of the mass media is to lie.
Your job is to figure out the truth.
Everybody is just doing their job.
Actually, that is a vague enough definition that what we are going through now is almost certainly a recession.
They will not allow themselves to put an actual number on a definition because they want the ambiguity to give them a way out. But that allows people to fill in the blank and say that a cumulative 3-4% contraction over six months is significant.
Sure, it’s a transition from a good economy to a crap economy.
What is it with their obsession with trannies?
good ol’ joe is not pissing on you
its raining
Transitioning. Hmmm....where have we heard this word used before...
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