USA 2020 Elections: Thread

[grarpamp]

DemSoc's 20 year old infight over defining "recession", and
who gets to be the Next Big Socialist among them...



Bill Clinton Sets The Record Straight On Definition Of Recession

While this week's Q2 GDP data confirmed that the United States is now
in a recession (as traditionally defined - for decades - as two
consecutive quarters of negative GDP growth), the Biden
administration, in cooperation with its media lapdogs - and even the
'unbiased' lads at Wikipedia, has been furiously peddling a Sith mind
trick that "this is not the recession you're looking for."

    Joe Biden again claims "we're not in a recession."
pic.twitter.com/7dcGm239eO
    — TheBlaze (@theblaze) July 28, 2022

    The Biden Administration is redefining “recession” in an effort to
avoid political backlash.

    It’s not a recession if you change the definition of recession.

    Soviet-level propaganda from a soviet-level regime.
pic.twitter.com/bXtvPpOeD8
    — BowTiedRanger (@BowTiedRanger) July 24, 2022

It's not a recession, it's a 'transition.'

    🇺🇸 White House Press Secretary Karine Jean-Pierre denies claims
that the US is in a recession, says "we are in a transition."

    (via @TheView) pic.twitter.com/sqmVK7uhk0
    — Watcher.Guru (@WatcherGuru) July 28, 2022

Treasury Secretary Janet Yellen insisted that "This is not an economy
that's in recession," before parroting the "transition" narrative.

    TREASURY SEC. JANET YELLEN: “This is not an economy that’s in
recession. We’re in a period of transition in which growth is slowing,
and that’s necessary and appropriate."pic.twitter.com/tzRtURrUH8
    — Breaking911 (@Breaking911) July 25, 2022

Nevermind Biden's own economic advisers defining recession as two
quarters of negative GDP growth as recently as last May (h/t Philip
Wegmann).

Given the recent 'confusion' on the topic, perhaps we need a former
president to set the record straight?

    "A recession is two quarters in a row of negative growth."

    -- President Clinton, Dec. 19, 2000 pic.twitter.com/h04jcPX7P3
    — Howard Mortman (@HowardMortman) July 28, 2022

What say you, Karine Jean-Pierre?