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WH’s Deese: ‘In Terms of the Technical
Definition,’ Two Negative Quarters of
Growth ‘Not a Recession’

Original Article

Posted By: Hazymac, 7/25/2022 6:17:23 PM

As concerns mount about a possible recession this year, White House National Economic Council director Brian Deese argued that a second consecutive quarter of negative GDP growth was technically “not a recession.” According to Deese, the “technical definition considers a much broader spectrum of data points.” He also emphasized the need to look ahead rather than “technical debates about backward-looking data.” CNN “New Day” host John Berman said, “It sounds like you’re anticipating what will be comments from some saying two quarters of negative growth in a row — that’s a recession.” “Right,” Deese replied. “And certainly, in terms of the technical definition, it’s not a

Comments:

Want some facts, Brian? Consider deese. Consecutive negative quarters define a recession, unless the Left successfully redefines it. Remember ('member? Yeah, I 'member) the entertaining economist Alfred Kahn during the Carter years? He knew how to put the proper spin on the awful economy. Didn't he call the recession a "banana"? Soon we will have a thousand bargeloads of rotten bananas. Day-o!

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Reply 1 - Posted by: Dreadnought 7/25/2022 6:29:10 PM (No. 1228365)
This is the White House setting the press narrative for this Thursday.
8 people like this.

Reply 2 - Posted by: chance_232 7/25/2022 6:32:53 PM (No. 1228370)
If Trump was president, the democrats would have declared this the worst economy since Hoover. Instead of burying the increasing evictions, foreclosures and credit defaults, the media would be running daily doom, gloom and end of the world headlines. The problem that the dems have barreling down the tracks is that the economy WILL get worse, and all of this happy talk today will bite them really hard in the near future. It's not enough that their governance has been incompetent, but they feel the need to lie and spin to cover it up. They are literally whizzing on our legs and declaring that it's rain. Much like covering Bidens mental incapacitation gets harder by the minute, eventually the truth gets out.
13 people like this.

Reply 3 - Posted by: jalo1951 7/25/2022 6:43:07 PM (No. 1228380)
They have redefined what a woman is so why not try recession. Talk about flashbacks to "1984".
8 people like this.

Reply 4 - Posted by: skacmar 7/25/2022 6:54:43 PM (No. 1228394)
Is the definition of a recession being changed to make the Biden administration look better? Back in the Trump days, a week of economic change would lead to hysterical calls of recession and economic demise for the country. Now, the government is changing the rules and the definitions to make the administration look better. This is not the first indicator that the Biden administration has changed for appearances sake.
5 people like this.

Reply 5 - Posted by: formerNYer 7/25/2022 7:08:34 PM (No. 1228410)
OK, can we just stop with this! Two negative questers IS a recession always was and always will be. PERIOD!
7 people like this.

Reply 6 - Posted by: Venturer 7/25/2022 7:31:06 PM (No. 1228450)
They can change the definition of recession just like they changed the definition of a fair election, but NOTHING can make the Biden term look better.
3 people like this.

Reply 7 - Posted by: WhamDBambam 7/25/2022 7:35:31 PM (No. 1228456)
Since when?
3 people like this.

Reply 8 - Posted by: rochow 7/25/2022 8:05:20 PM (No. 1228496)
Deese, I assume your brain got infected when you came too close to your boss. Every time they show your face on TV one knows right off the bat, here comes another pack of lies.
1 person likes this.

Reply 9 - Posted by: downnout 7/25/2022 8:22:38 PM (No. 1228523)
Mr. Deese has one of those faces I just want to smack.
2 people like this.

Reply 10 - Posted by: TarAndFeathers 7/25/2022 8:38:04 PM (No. 1228531)
I can hardly wait to see what these crapweasels call three consecutive quarters of negative “growth”. We’re on our way.
3 people like this.

Reply 11 - Posted by: DVC 7/25/2022 9:00:34 PM (No. 1228545)
Political lies, not economics.
3 people like this.

Reply 12 - Posted by: john56 7/25/2022 10:15:38 PM (No. 1228587)
Well, golly gee. They might be right. I saw the government document that defines a recession. There on page 846, section KRP, paragraph A, subsection 174, there it is. "If Joe Biden says it's not a recession, it is not a recession."
1 person likes this.

Reply 13 - Posted by: TLCary 7/25/2022 10:26:37 PM (No. 1228596)
They redefined "vaccine" to somehow include the mRNA Jab, but that didn't stop Biden from getting COVID. Redefining "recession" won't help America either. And I seriously dought it will help Biden anymore than his 'vaccine' did.
1 person likes this.

Reply 14 - Posted by: leonardo 7/26/2022 12:36:08 AM (No. 1228647)
Lying is par for the course for these clowns. The demented “Top Guy” learned well from his former boss.
0 people like this.

Reply 15 - Posted by: mifla 7/26/2022 3:27:04 AM (No. 1228688)
Technically, the high prices in the grocery store are not high. Technically, the high prices at the gas pump are not high. Technically, the rent increase at apartments are not high.
1 person likes this.

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