Posted on 07/31/2022 1:08:53 PM PDT by DFG
Texas Senator Ted Cruz appeared to take a shot at President Joe Biden on Saturday by sharing a clip of his Democratic predecessor Bill Clinton stating that a recession is 'two quarters' of economic contraction.
The Republican lawmaker retweeted a video clip of Clinton sitting at the White House on December 19, 2000, alongside incoming Republican President George W. Bush.
Asked about his fears of an oncoming recession, Clinton replied, 'Well a recession is two quarters in a row of negative growth.'
'Bill Clinton was right,' Cruz wrote on Twitter.
It comes as the Biden administration continues to deny that the US economy is in a recession, despite it shrinking for a second straight quarter late last week.
President Joe Biden and his officials point to metrics like record job growth and steady levels of consumer spending to argue that the country is not yet in a recession - and previously claiming that such a downturn is not inevitable.
Meanwhile, with just 100 days left before the 2022 midterms elections, voters are sharing their frustration with the economy. A vast majority claim that inflation will play an important role in how they cast their ballot in the November midterm elections.
(Excerpt) Read more at dailymail.co.uk ...
....Clinton replied, ‘Well a recession is two quarters in a row of negative growth.’...but it depends on what your definition of “is” is.....
There!!! fixed that....!!!
China's puppet emperor Xiden? Not so much.
When I was a kid, the expression was GNP which referred more precisely to the actual production of the nation. Today's GDP factors in things like real estate price rises (but not falls) and such. With about a third of the labor force out of work and production having shifted outside of national borders, the "numbers" reported by government for this as well as inflation and the like are hardly trustworthy. Even with all the massaging, Biden and the Democrat Party as "fundamental change" postmodern-Marxists have to lie because that's what liars do.
Everyone who is fed up with the southern invasion should be putting this in faces of all the sanctuary governors, Pelosi, and Nadler. Lying hypocrites.
https://www.c-span.org/video/?c4351026/user-clip-clinton-1995-immigration-sotu
Joe Biden and crew makes Bill Clinton look like an honest politician.
- as 95% of voters say inflation affects how they’ll cast their midterm ballot
—
A resounding majority will be found to have cast ballots for Democrat candidates.
The only thing that happens when a recession is “called” is the people who are dying to be in a recession get to crow about it.
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