White House Press Secretary Karine Jean-Pierre on Wednesday confidently asserted that two back-to-back quarters of negative GDP growth is not the technical definition of a recession.
Even though it is.
The Biden Regime is actually redefining the term recession.
Fox News reporter Peter Doocy pointed to Biden econ advisor Brian Deese’s 2008 statement on the definition of a recession: “Economists have a technical definition of recession, which is two consecutive quarters of negative growth.”
The same people who accurately defined a recession years ago are now denying the true definition of a recession… because Joe Biden is in the White House.
“If things are going so great, then why is it that WH officials are trying to redefine recession?” Peter Doocy asked KJP.
“No, we’re not redefining recession,” KJP retorted.
Doocy shot back: “If we all understand a recession to be two consecutive quarters of negative GPD growth in a row and you have the White House officials come up here to say no, no, no that’s not what a recession is…how is that not redefining recession?
“Because that’s not the definition,” KJP said.
Okay, then!
WATCH:
Doocy: If things are going so great, then why is it that WH officials are trying to redefine recession?
KJP: No, we're not redefining [it].
Doocy: "If we all understand [it] to be 2 consecutive quarters…& you have WH…say…that's not…how is that not redefining [it]? pic.twitter.com/FrQXLQIoJg
— Curtis Houck (@CurtisHouck) July 27, 2022
Peter Doocy humiliated Karine Jean-Pierre when he read Biden’s econ advisor Brian Deese’s definition of a recession from 2008.
“What changed?” Peter Doocy queried.
A humiliated Karine Jean-Pierre repeatedly interrupted Peter Doocy: “It is not! It is not!”
“What’s the difference other than who’s president?” Doocy said.
VIDEO:
Doocy: Deese said in 2008…'economists have a definition…of a recession, which is two consecutive quarters of negative growth' & yesterday he said, two negative quarters…is not the technical definition of a recession.
KJP: It is not.
Doocy: What changed?
KJP: It is not. pic.twitter.com/ZMndyheHT1
— Curtis Houck (@CurtisHouck) July 27, 2022
