If this were happening under a Republican president, the AP would be screaming RECESSION from the rooftops.
AP: Any time a Republican is elected President.
They’ll redefine anything to simply give themselves what they want politically. Referring, of course, to the AP.
Democrats are simply the political front of the AP.
The week after the November midterms they will say: “White House economic advisers have offered revised figures for the July-October economy and all of these shockingly show a big recession was already underway.”
So, Gross Domestic Income (boosted by Biden’s inflation-hyped government spending!) is pulling a negative GDP up “just high enough “so they can claim no recession before the Nov midterms.
Then that inflation blows us even further into the next quarters recession.
To which I will simply say this: When Barack Hussein Obama was selected, I said here on FR that I would not buy a single new item while he occupied the white house, with the exceptions being food, fuel and clothing.
I lived up to that for EIGHT LONG YEARS. I learned how to repair everything in my home, my vehicles, etc.. I learned basic electronics repair, appliance repair, and I bought NOTHING NEW, opting to repair or live without whatever broke.
I've been doing that exact same thing since Nov. 2020 when the election was STOLEN from us.
The recession began IN EARNEST the day Biden was sworn into the office he stole.
The recession will end either when the Republicans cut Biden's balls off by taking the House & Senate back this November, or in 2024 when Legit President Trump beats Biden's ass at the polls AGAIN and the election isn't stolen.
Recession has arrived when you look at the steak cuts in Walmart and then decide, “I haven’t had SPAM in a while - Good ole SPAM.”
Economic statistics become worthless during a period of high inflation—unless the numbers are deflated by the amount of inflation during the period.
So—if the economy “grows” by 5% but the inflation rate is 10%, the economy actually shrunk by 5%.
This is how .gov can play stupid games with definition of a recession.
The economy has not grown by 10% in the past twelve months.
We are in a recession now.
Easy Peasy.
A recession is when the party in power loses more jobs than the party not in power.