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Economy

'WHAT IS A RECESSION?': White House Scrambles to Redefine 'Recession' Ahead of GDP Report

posted by Hannity Staff - 7.25.22

They did it with ‘woman,’ now they are trying it with ‘recession.’

According to a report from The Daily Caller, the White House is scrambling to get ahead of a potentially disastrous GDP report dropping on Thursday. Last week, the Biden Administration even posted an article on the official White House website: How Do Economists Determine Whether the Economy Is in a Recession?

The first sentence: “What is a recession?”

Uh-oh.

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.

White House correspondent for Fox News, Jacqui Heinrich, shared the spin on Twitter:

“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…🤔”

“Redefining the word will not fix the fact that Democrats wasted $1.9 trillion, resulting in skyrocketing costs for Americans. This further underscores how out of touch Biden and Democrats are with the pain families are feeling,” Republican National Committee spokesperson Will O’Grady told FOX Business.

The Atlanta Fed’s real-time GDP projection predicts a contraction of 1.6% for the second quarter.

Watch examples of Biden Administration members in full spin below:

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