The White House is trying to perform a sith lord mind trick on the American people by redefining what constitutes a recession.
It is common for economists to view two consecutive quarters of negative economic growth as a recession. But with big economic numbers coming out this week that are likely to indicate a recession, the White House is claiming that’s not really the definition of a ‘recession’.
Everyone knows that Biden’s economy is terrible with inflation and gas prices at very high levels. Even if the White House were right about the definition of a recession, the American people have zero confidence in this economy.
The predictions of a recession have been growing and it would shock no one for the numbers to show we are now in a recession later this week. But by putting this new definition out there, the White House will most certainly claim that’s not the case.
And they are out in force preparing the American people for this:
WH's @econjared46: Actually two quarters of negative GDP doesn't necessarily qualify as a recession pic.twitter.com/84RUtgjt8E
— Tom Elliott (@tomselliott) July 25, 2022