{"id":1576381,"date":"2022-07-28T10:14:01","date_gmt":"2022-07-28T14:14:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1576381"},"modified":"2022-07-28T10:22:49","modified_gmt":"2022-07-28T14:22:49","slug":"thats-not-the-definition-white-house-continues-to-gaslight-on-recession","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/thats-not-the-definition-white-house-continues-to-gaslight-on-recession\/","title":{"rendered":"\u2018That\u2019s Not The Definition\u2019: White House Continues To Gaslight On Recession"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthats-not-the-definition-white-house-continues-to-gaslight-on-recession%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1576381&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" class=\"ff-og-image-inserted\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/07\/Screen-Shot-2022-07-27-at-5.36.55-PM-e1658957893630.png\" alt=\"image\" \/><\/div>\n<p>White House press secretary Karine Jean-Pierre said Wednesday that the administration was not trying to redefine recession.<\/p>\n<p>\u201cIf things are going so great though then why is it the White House officials are trying to redefine recession?\u201d Fox News White House correspondent Peter Doocy asked Jean-Pierre.<\/p>\n<p>\u201cNo, we\u2019re not redefining recession,\u201d Jean-Pierre responded. <strong><a href=\"https:\/\/dailycaller.com\/2022\/07\/25\/economist-dismantles-biden-admins-attempt-redefine-recession\/\">(RELATED:\u00a0Economist Dismantles Biden Admin\u2019s Attempt To Redefine Recession With One Chart)<\/a><\/strong><\/p>\n<p>\u201cIf we all understand a recession to be two consecutive quarters of negative GDP growth in a row, and then you have White House officials come up here to say, \u2018No, no, no that\u2019s not what a recession is, it\u2019s something else,&#8217;\u201d Doocy continued. \u201cHow is that not redefining recession?\u201d<\/p>\n<p>Jean-Pierre doubled down, saying, \u201cBecause that\u2019s not the definition.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Doocy: \u201cIf things are going so great, why are White House officials are redefining recession?\u201d<\/p>\n<p>Jean-Pierre: \u201cWe are not.\u201d<\/p>\n<p>Doocy: \u201cIt\u2019s two consecutive quarters of negative GDP growth\u2026 How is that not redefining recession?\u201d<\/p>\n<p>Jean-Pierre: \u201cThat\u2019s not the definition.\u201d <a href=\"https:\/\/t.co\/eyyvYdZWMj\">pic.twitter.com\/eyyvYdZWMj<\/a><\/p>\n<p>\u2014 Greg Price (@greg_price11) <a href=\"https:\/\/twitter.com\/greg_price11\/status\/1552396404240310274?ref_src=twsrc%5Etfw\">July 27, 2022<\/a><\/p><\/blockquote>\n<p>The generally agreed upon definition of a recession is two consecutive quarters of negative GDP growth, <a href=\"https:\/\/www.axios.com\/2022\/07\/21\/biden-recession-gdp\">according<\/a> to Axios. But a July 21 blog post from the Biden White House contested that definition.<\/p>\n<p>The White House <a href=\"https:\/\/www.whitehouse.gov\/cea\/written-materials\/2022\/07\/21\/how-do-economists-determine-whether-the-economy-is-in-a-recession\/\" target=\"_blank\" rel=\"noopener noreferrer\">posted<\/a> Thursday that \u201cwhile some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The \u201cit\u2019s not a recession\u201d discourse is so ANNOYING and peak econ brain. Nobody gives a shit about definitions, they care that gas and food are too expensive<\/p>\n<p>\u2014 Saagar Enjeti (@esaagar) <a href=\"https:\/\/twitter.com\/esaagar\/status\/1552294886984015874?ref_src=twsrc%5Etfw\">July 27, 2022<\/a><\/p><\/blockquote>\n<p>Inflation <a href=\"https:\/\/dailycaller.com\/2022\/07\/13\/inflation-americans-cpi-squeeze-joe-biden\/\">rose to 9.1% in July<\/a>, the highest percentage increase in a year since December 1981.<\/p>\n<p>According to E.J. Antoni, a research fellow for regional economics in the Center for Data Analysis at the Heritage Foundation, \u201c<a href=\"https:\/\/dailycaller.com\/2022\/07\/13\/heres-how-much-poorer-americans-have-gotten-biden-took-office\/\">the average American worker has lost around $3,400<\/a> in annual income since Biden took office.\u201d\u00a0<strong><a href=\"https:\/\/dailycaller.com\/2022\/07\/19\/rising-inflation-drives-elderly-americans-taxes\/\">(RELATED:\u00a0Rising Inflation Is Driving Up Elderly Americans\u2019 Taxes)<\/a><\/strong><\/p>\n<p>On Tuesday, Financial Times\u2019 Rana Foroohar <a href=\"https:\/\/dailycaller.com\/2022\/07\/26\/cnn-rana-foroohor-technical-definition-recession-doesnt-matter\/\">pointed out on CNN<\/a>\u00a0that the technical definition of a recession doesn\u2019t matter if Americans are unable to afford items such as food and gas.<\/p>\n<p>\u201cWell, look, people feel like they\u2019re in a recession whether they are or not. I mean, there\u2019s a lot of debate about technical recession, at the end of the day, Ana, you and I know it\u2019s about how you feel,\u201d Foroohar said. \u201cDo you have money in your wallet? Are you buttoning up your pocketbook? And people clearly are.\u201d<\/p>\n<p>In Doocy\u2019s line of questioning Wednesday, he mentioned that White House economic adviser\u00a0Brian Deese had previously defined a recession as two consecutive quarters of negative GDP growth.<\/p>\n<p>\u201cBrian Deese said in 2008, \u2018Of course, economists have a technical definition which is \u2014 of a recession \u2014 which is two consecutive quarters of negative growth,&#8217;\u201d Doocy said. \u201cAnd then yesterday he said two negative quarters of GDP growth is not the technical definition of a recession. What changed?\u201d<\/p>\n<p>\u201cIt is not, it is not,\u201d Jean-Pierre said, adding, \u201cAnd I will say that the textbook definition of recession is not two negative quarters of GDP.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>White House press secretary Karine Jean-Pierre said Wednesday that the administration was not trying to redefine recession.\u201cIf things are going so great though then why is it the White House<\/p>\n","protected":false},"author":644,"featured_media":1576384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1576381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1576381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/644"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1576381"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1576381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1576384"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1576381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1576381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1576381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}