Fast forward a couple of years and The White House is now reframing the meaning of the word and warning us all not to use it. It is true that until yesterday it was generally agreed that two straight quarters of negative GDP growth was the common definition of a recession. But yesterday President Biden said, “That doesn’t sound like a recession to me.” This fact should surprise no one.
Because re-naming things is one of the left’s favorite pastimes. MORE AT https://nypost.com/2022/07/28/undocumented-underhoused-chestfed-kids-are-not-in-a-recession-say-dems/
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THE NY POST GIVES BIDEN A BRUTAL ECONOMICS LESSON The New York Post Gives Biden a Brutal Economics Lesson (townhall.com)
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