USA: It’s not a recession, it’s a “transition”
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:
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.” pic.twitter.com/5UFiyspw4D
— RNC Research (@RNCResearch) July 25, 2022
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”pic.twitter.com/4AcVyILrae
— RNC Research (@RNCResearch) July 25, 2022
When Trump is President, a recession is a recession:
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%. pic.twitter.com/ngZsN7H0gM
— RNC Research (@RNCResearch) July 25, 2022
Not now though!
BIDEN: "We're not gonna be in a recession" pic.twitter.com/3uec0oLz1Z
— RNC Research (@RNCResearch) July 25, 2022
‘It’s ok when we do it.’
"What is exactly the White House's definition of a recession?"
KARINE JEAN-PIERRE: "I'm not going to define it from here" pic.twitter.com/GNteaetb0V
— RNC Research (@RNCResearch) July 25, 2022
Janet:
"A common definition of recession is two negative quarters of GDP growth, but I'm officially changing that definition. A recession will now be recognized as SIX quarters of negative growth, or ANY quarter during which a Republican President is in office.— Mark Villano (@MarkVillano2) July 24, 2022
Siri, what is the definition of a recession? pic.twitter.com/xMqebyT08D
— Tommy Pigott (@TommyPigott) July 25, 2022
Even CNN is shaking its collective head at Biden officials’ attempts to fake their way out of admitting they’re in a recession:
Amid fears of recession, CNN’s Kasie Hunt slams the Biden administration for denying the definition of a recession:
“You can’t fake this!” pic.twitter.com/gGriut3as8
— RNC Research (@RNCResearch) July 26, 2022
It’s not a recession, it’s a “transition”:
Biden economic advisor Brian Deese: “We are seeing a slowing [economy], that is not only expected but necessary, as we operate through this transition.” pic.twitter.com/9wiJH8NP4Y
— RNC Research (@RNCResearch) July 25, 2022
Biden economic advisor Jared Bernstein says the energy “transition” requires an “aggressive play” to phase out oil and gas pic.twitter.com/UddGicsX3m
— RNC Research (@RNCResearch) July 25, 2022
Embarrassing and shameful, again.
by Steve Watson
Join: 👉 https://t.me/acnewspatriots
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of AC.NEWS
Disclaimer: This article may contain statements that reflect the opinion of the author. The contents of this article are of sole responsibility of the author(s). AC.News will not be responsible for any inaccurate or incorrect statement in this article www.ac.news websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner. Reprinting this article: Non-commercial use OK. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Discussion about this post