It seems to be a theme for Democrat elected leaders these days: instead of facing issues head on, they are pretending these issues simple are not happening. And that’s exactly what they are doing with the looming recession.
According to Breitbart:
On Thursday, ahead of a potentially negative GDP report expected later this week — the annualized economic growth rate shrank by 1.6% in the first quarter of this year and appears to have contracted even more in the second — a White House blog post attempted to redefine the term “recession.”
“While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle,” it reads, concluding that it is “unlikely that the decline in GDP in the first quarter of this year — even if followed by another GDP decline in the second quarter — indicates a recession.”
In addition, White House National Economic Council director Brian Deese claimed that a second consecutive quarter of negative GDP growth was technically “not a recession.”
In response, Republicans took to Twitter to rip the Biden team for seeking to redefine what a recession is.
Read the full article here.