bingo...As the left again seeks to redefine more words to their advantage.
The economy (growth) peaked. So, if growth declines two consecutive quarters, that is the new socialist definition of recession, as opposed to the dictionary: two consecutive quarters of negative GDP.
This is the same as saying government spending was predicted to grow 9%. This year we are only spending 8% more, therefore, we are cutting spending 1%.
Don't fall this historical deconstruction.
yitbos
bingo...As the left again seeks to redefine more words to their advantage.
Exactly! I will not associate with those that do not renounce the current rash of dem ploys to ruin the country!
” as opposed to the dictionary: two consecutive quarters of negative GDP.”
The NBER has been the referee of recessions since the 1920s. They don’t use the definition of “two consecutive quarters of negative GDP” no matter how often that idea gets repeated.