Political experts are predicting a massive Red Wave in the 2022 Midterm elections.
And polling indicated President Joe Biden is in big trouble if he even makes it to running for re-election in 2024.
Now President Biden is resorting to changing the definition of this word to save his legacy – and his party’s election prospects.
The definition of recession
Joe Biden’s Presidency has been one disaster followed by another.
And his mishandling of the American economy may be what is most to blame for his approval ratings hovering in the low to mid 30’s depending on the poll.
American workers are suffering through record-high gas prices, four-decade high inflation, workforce participation rates that still haven’t caught up to pre-pandemic levels, and a looming recession.
And President Biden is willing to go to drastic lengths to make sure the word “recession” isn’t associated with him or his Presidency.
The gross domestic product in the United States experienced negative growth in the first quarter of 2022.
By the definition used for decades by economists, a second consecutive quarter of negative GDP growth would mark the beginning of a recession.
That’s the metric that was used when we were told we were in a recession for just two months in 2020 due to COVID restrictions.
It’s the same metric Big Media used to bash then-President George W. Bush in late 2008 during the Great Recession that lasted a year and a half – and it was used to defend then-President Obama’s lackluster “recovery” since the recession had allegedly “ended” at the beginning of his administration.
And it was used for the 44 recessions in the United States before those.
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
Special words for a very special President
But that’s not the definition President Biden wants the corporate-controlled media to use.
On separate occasions, White House Press Secretary Karine Jean-Pierre, Treasury Secretary Janet Yellen, and Biden economic advisors Brian Deese and Jared Bernstein have all equivocated on the definition of “recession.”
RECESSION:
Reporter: "What is exactly the White House's definition of a recession?"
Karine Jean-Pierre: "I'm not gonna define it from here." pic.twitter.com/RVyWw5JKcy
— Forbes (@Forbes) July 25, 2022
Treasury Secretary Janet Yellen: "A common definition of recession is two negative quarters of GDP growth”
“Many economists expect second quarter GDP to be negative. First quarter GDP was negative.” pic.twitter.com/UsKdYCGdEj
— RNC Research (@RNCResearch) July 24, 2022
Biden Chief Gaslighter @BrianDeeseNEC: "In terms of the technical definition, [two negative quarters of growth] is not a recession." pic.twitter.com/NpBNW5yvru
— Tom Elliott (@tomselliott) July 25, 2022
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
The Biden administration is obviously playing word games and semantics to try and fool Americans into believing they’re not feeling the pain in the pocketbook they’re actually feeling.
You know it’s bad for Democrats when the so-called “journalists” and hosts on CNN aren’t buying what they’re selling – as you can see in the videos above.
Blogging blunder
The administration has even gone as far to post this blog changing the definition of “recession” on its website.
“What is a 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,” the blog reads. “Instead, both official determinations of recessions and economists’ assessment of economic activity are based on a holistic look at the data—including the labor market, consumer and business spending, industrial production, and incomes. Based on these data, 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.”
Fact check – incorrect.
The metric that has always been used is, two consecutive quarters of negative GDP growth.
Patriot Political will keep you up-to-date on any developments to this ongoing story.