Republicans Slam The Biden Administration For Trying To Redefine The Term ‘Recession’

People are spculating that new economic reports coming out this week will show that the United States has entered a recession.

The Biden administration is responding to this by attempting to redefine what counts as a recession and some people in the media are going along with it, naturally.

Republicans are slamming the Biden administration over this.

Breitbart News reports:

‘Soviet-Style Propaganda’: Republicans Rip Biden White House for Redefining ‘Recession’ amid Economic Contraction

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.

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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.”

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See the tweets below:

The Democrats have no shame.

 

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