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.
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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.”
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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.
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“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:
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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.
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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
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