‘Soviet-Style Propaganda’: Republicans Rip Biden White House for Redefining ‘Recession’; Biden’s Lame Economic Spin Leaves You Wondering if They Even Want to Do What’s Needed to Turn Things Around

By Breitbart. Republican officials in the House and Senate ripped into the Biden administration after it attempted to redefine what constitutes a recession while concerns mount about a significant decline in economic activity this year.

On Thursday, ahead of a potentially negative GDP report expected later this week — the annualized economic growth rate shrank by 1.6% in the first quarter of this year and appears to have contracted even more in the second — a White House blog post attempted to redefine the term “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,” it reads, concluding that 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.”

In addition, White House National Economic Council director Brian Deese claimed that a second consecutive quarter of negative GDP growth was technically “not a recession.”

In response, Republicans took to Twitter to rip the Biden team for seeking to redefine what a recession is.

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

(Read more from “‘Soviet-Style Propaganda’: Republicans Rip Biden White House for Redefining ‘Recession’” HERE)

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Biden’s Lame Economic Spin Leaves You Wondering if They Even Want to Do What’s Needed to Turn Things Around

By New York Post. White House efforts to spin away the grim facts on the US economy, rather than actually doing anything about it, are now in overdrive.

Thus, with the Bureau of Economic Analysis likely to report Thursday that the economy shrank again in the second quarter after contracting 1.6% in the first, Team Biden is claiming that doesn’t technically constitute a recession, even though it’s the standard interpretation.

“The technical definition [of a recession] is not two negative quarters,” insisted Biden economist Brian Deese on Monday, citing the National Bureau of Economic Research’s broader characterization: “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.” A White House blog post made a similar argument.

Sorry, but even Biden Treasury Secretary Janet Yellen just acknowledged that two consecutive quarters of declining Gross Domestic Product is what economists consider a recession.

Can there be any better proof that the White House knows the economy stinks than its lame attempt to paint six months of falling GDP as not so terrible? (Or does President Joe Biden think fewer goods and services — which is what falling GDP means — is a good thing?) (Read more from “Biden’s Lame Economic Spin Leaves You Wondering if They Even Want to Do What’s Needed to Turn Things Around” HERE)

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