Economy

THE DEFINITION OF DODGE: Jean-Pierre Won't Say How White House Defines 'Recession'

posted by Hannity Staff - 7.25.22

“I’m not going to define it from here.”

The Biden Administration continues to play fast and loose with the definition of the word ‘recession.’ During Monday’s press conference, White House press secretary Karine Jean-Pierre wouldn’t divulge the administration’s criteria for what makes a recession; ‘I’m not going to define it from here,’ she said.

“And what exactly is the White house’s definition of a recession,” one reporter asked.

“We’re just not going to define it. We use the indicators that the NBER, the National Bureau of Economic Research, has used. We’ve mentioned that a few times,” KJP answered.

Watch the clip below:

The White House has been trying to muddy the waters around the definition of “recession” in an effort to spin Thursday’s GDP report, which is expected to be bad for the administration.

From The White House:

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. 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.

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