One way for the Biden administration to avoid a recession is to simply redefine what a recession is. Crazy as it sounds, this is the actual approach by the Biden White House.
On Thursday the Biden White House tried to get ahead of a disastrous GDP report coming later this week by redefining the word "recession" with a blog post.
“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,” the article reads, stating 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.”
White House National Economic Council director Brian Deese also stated that a second consecutive quarter of negative GDP growth was technically “not a recession.”
Economist Michael Strain did a great job highlighting what a ridiculous claim that is.
Question: Out of the past 10 times the U.S. economy has experienced two consecutive quarters of negative economic growth, how many times was a recession officially declared?
Answer: 10. pic.twitter.com/yrR1kwlC4r
— Michael R. Strain (@MichaelRStrain) July 25, 2022
Rep. Andy Biggs (R-AZ) blasted the Biden White House for "Soviet-style propaganda."
Soviet-style propaganda from the Biden White House.
Redefining recession is not a solution to get our country out of one. pic.twitter.com/pbL3LHS9Qg
— Rep Andy Biggs (@RepAndyBiggsAZ) July 25, 2022
Other Republicans fired shots at the Biden administration for trying to redefine their failures.
You can’t message your way out of a recession!
— Jim Banks (@RepJimBanks) July 25, 2022
The Biden Administration's top economic priority appears to be changing the definition of a recession.
— Tom Cotton (@TomCottonAR) July 25, 2022
There are a lot of things that can be done to help get our economy back on track. Redefining what a recession is does not qualify as one of those things.
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