Well, the numbers are out, confirming to all what we already suspected: By all standard definitions of the term, the United States has fallen into a recession under the abysmal leadership of President Joe Biden. “To all,” that is, but the Biden administration and the completely compliant mainstream media who is quite willing to simply change the definition of the word in order to paint a rosy picture to a public they seem to believe is either embarrassingly gullible or irredeemably stupid.
As American Wire reported, for days now, the Biden administration has been attempting to convince Americans that the decades-old acceptable definition which clearly states that two consecutive quarters of negative growth is a recession, isn’t, in fact, accurate. Other factors, they argue, such as unemployment, actually determine whether or not we are in a recession.
That may be true, but as a resident scholar and the director of economic policy studies at the American Enterprise Institute (AEI), Michael Strain, pointed out, those two negative quarters are a pretty reliable indication.
“Out of the past 10 times the U.S. economy has experienced two consecutive quarters of negative economic growth, how many times was a recession officially declared?” he asked on Twitter. “Answer: 10.”
https://twitter.com/MichaelRStrain/status/1551614956256256000?s=20&t=_9WiJdttOSFgeaiTwIEhkA
Indeed, for Q2, America saw a .9% GDP decline.
“The Biden Recession is official,” tweeted Buck Sexton.
We have a .9% GDP decline in Q2
The Biden Recession is official
— Buck Sexton (@BuckSexton) July 28, 2022
Pshaw!
According to President Joe Biden, we’re “on the right path”!
“Coming off of last year’s historic economic growth — and regaining all the private sector jobs lost during the pandemic crisis — it’s no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation,” said the president in a statement on the GDP report. “But even as we face historic global challenges, we are on the right path and we will come through this transitions stronger and more secure.”
Here's the statement from @POTUS on this morning's GDP report, showing the U.S. economy shrank for a 2nd consecutive quarter. pic.twitter.com/uapGjODBf9
— Josh Breslow (@JoshBreslowTV) July 28, 2022
And, naturally, most of the media is backing Biden up, softening the blow and manipulating the masses with headlines that insist the second consecutive quarter of decline isn’t actually a recession, even if it is “raising fears” that one may be in America’s future.
BREAKING: The U.S. economy shrank for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. https://t.co/dYUTWSjd80
— The Associated Press (@AP) July 28, 2022
It’s a different story from the one the Associated Press told in 2020, as one user on Twitter pointed out.
Y’all are trying really, really hard to carry water for this administration, but we’ve got the receipts. pic.twitter.com/EuQ3M3ZRX3
— Big_A (@asomer) July 28, 2022
According to Bloomberg, the damning data only “raises the odds” of a recession.
BREAKING: The US economy shrinks for a second quarter, raising the odds of a recession https://t.co/EPVD7zKdSG
— Bloomberg (@business) July 28, 2022
And according to Politico, reports BizPac Review, the notion that we have officially plunged into a recession is “possibly inaccurate and certain to be revised.”
Politico carries water for Biden, claims that GDP report on potential recession is ‘possibly inaccurate’ https://t.co/G8MFFyQeQU pic.twitter.com/s9IisfBCeX
— BPR (@BIZPACReview) July 28, 2022
But if the Biden administration believes Americans — who were just hit with another interest hike — are simply going to swallow the spin, it may be in for a shocking disappointment.
It would seem the American people are on to its gaslighting tactics.
“The people denying we in a recession are the same government officials and their shameless media enablers who for months denied we faced runaway inflation,” tweeted Sen. Marco Rubio (R-Fla.)
The people denying we in a recession are the same government officials and their shameless media enablers who for months denied we faced runaway inflation
— Marco Rubio (@marcorubio) July 28, 2022
“Two successive quarters of declining GDP is the definition of a recession,” stated another user. “Therefore the odds of a recession are 100%.”
Two successive quarters of declining GDP is the definition of a recession. Therefore the odds of a recession are 100%.
— Roger Entner (@RogerEntner) July 28, 2022
Another compared Biden’s response to Orwellian “New Speak.”
Inflation now means “the right path” https://t.co/vJpamLC1dA
— Hardhatbeast (@hardhatbeast) July 28, 2022
“‘May be approaching,'” said yet another user in response to the AP’s headline. “Just incredible propaganda here.”
“May be approaching”
Just incredible propaganda here https://t.co/z3L1C7xc1C
— (•_•) (@AsTheWorldBurnz) July 28, 2022
And watching from Down Under, outspoken Australian news anchor Rita Panahi didn’t mince words.
“It is in recession,” she stated, adding “you gaslighting clowns.”
It is in recession, you gaslighting clowns. https://t.co/kVTjyqwBVt
— Rita Panahi (@RitaPanahi) July 28, 2022
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