Whether you understand the technical definition of a recession or not, it’s clear to everyone that the quality of life in this country is not what it used to be.
Everything is more expensive, less efficient, and more divided — all while the Biden Regime attempts to transform the economy into a globalist ‘green’ fascist utopia where women aren’t women, men aren’t men, children are transgender, and George Floyd is god.
There’s no question whether the U.S. is currently in recession; the harrowing effects of a depleted economy are palpable everywhere, and Americans are struggling more than they have since Joe Biden oversaw the previous recession.
The Biden administration came out in full force on Monday to downplay the economic concerns most Americans feel as they struggle to feed their families, pay their bills, and fill their tanks.
A newfound pedantic approach to the true definition of a recession is the current White House strategy to hopefully convince Americans that everything is A-OK!
All of a sudden, the Biden administration is getting “technical” about what a recession actually is, using highfalutin jargon only trained economists can understand in the hopes of obfuscating the unfortunate realities of being an average citizen in Joe Biden’s America.
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
A second GDP report is set to be released on Thursday — and everyone’s expecting it to be a doozy. So, instead of tackling America’s economic problems through common sense policies (eliminating regulations, reinvigorating U.S. oil production, etc.), the White House has instead decided to redefine what it means to be in a recession.
Recession as previously defined by economists and frequently used by financial commentators is two consecutive quarters of negative GDP growth. The U.S. economy shrank by 1.4% according to the first quarter GDP report and many economists predict a similar result in Q2.
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
This unfortunate reality spurred a massive effort by the Biden administration to quickly redefine what it means to be in a recession by gaslighting the American public into thinking everything is moving along just fine.
Joe Biden, who is currently recovering from a nasty case of the China Virus, spoke on the issue with reporters, saying definitively the U.S. “will not be in a recession” ahead of Thursday’s report.
Joe Biden:
"We're not gonna be in a recession." pic.twitter.com/7tsoLFVzXk
— TheBlaze (@theblaze) July 25, 2022
The White House has come out in full force to redefine Biden’s economic downfall as well by literally changing the working definition of recession in an attempt to save their asses before Thursday.
Bracing for impact: Even if Thursday's GDP report shows a second consecutive quarter of negative growth, you won't hear the Biden admin using the R-word.
The Council of Economic Advisers is redefining what a recession is…🤔https://t.co/HHBYJKqP5V pic.twitter.com/gecR93vPPj
— Jacqui Heinrich (@JacquiHeinrich) July 24, 2022
White House press secretary Karine Jean-Pierre even refused to define what a recession is during Monday’s press briefing, proving just how panicked the Regime has become.
NOW – White House declines to define what a recession is.pic.twitter.com/FnhQDGE7Qo
— Disclose.tv (@disclosetv) July 25, 2022
Perhaps the China Virus has infected Biden’s brain, or maybe the White House is bracing for a horrific economic report and is scrambling to redefine the meaning of ‘recession’?
Author: Vasily Ivanov
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