Biden Admin Hides Justification for Altering the Definition of ‘Recession,’ Heritage Plans to Sue
22nd May 2024
As Americans struggle to keep up with the rising tide of prices and feel the squeeze of high interest rates on housing, President Joe Biden continues to claim that the economy is good. “Bidenomics” is working, there’s no recession to see here, so shut up and enjoy the drag queen performances at the White House.
That narrative took a hit back in 2022, however, when America experienced two consecutive quarters of decline in gross domestic product—the traditional definition of a recession. In the first quarter of 2022, inflation-adjusted GDP declined in the U.S. by 1.6%, and it declined by an additional 0.6% in the second quarter of that year.
The Biden administration responded by simply redefining the word “recession.” The move made a bizarre kind of sense coming from a bureaucracy that has redefined what it means to be a woman.
But the Narrative Media are all in: Majority of Americans wrongly believe US is in recession – and most blame Biden (The Guardian) ‘Wrongly’? Somebody’s been drinking the Kool-Aid….