They can change the definition of “recession” all they want. But the American people know.
Jacqui Heinrich @JacquiHeinrich
24 Jul 2022
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...🤔 whitehouse.gov/cea/written-m…

Jul 25, 2022 · 1:48 PM UTC

1,095
1,014
83
4,355
Load newest
Replying to @Jim_Jordan
Thanks to the tireless work of the Department of Education, I suspect that the American people DO NOT know…
GIF
Replying to @Jim_Jordan @papawat1
*Words*
Replying to @Jim_Jordan
I label myself as a conservative person, and I vote that way as well. BUT I also work in financial markets… and the NBER has never stated that a recession is two consecutive quarters of GDP decline. That’s the colloquial definition.. but officially they have never said that.
1
1
6
Replying to @Jim_Jordan
What have YOU done to improve our economy???
Replying to @Jim_Jordan
The truth is that this whole year has been a recession.
Replying to @Jim_Jordan
Yep. We also know what a woman is.
Replying to @Jim_Jordan
The Report may show we are in a recession but it does not feel yet like we are and I hope we never do
Replying to @Jim_Jordan
Gym, can you tell us more about your conversation with Trump the day of the insurrection?
18
Replying to @Jim_Jordan
What a huge difference vaccines make. We all owe a debt of gratitude to the scientists that developed them. Also, you should take into consideration the size and physical condition of trump as opposed to Joe Biden.
1
Replying to @Jim_Jordan
Google "recession" 1st. Definition states "a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in 2 successive quarters".
Load more