{"id":1584721,"date":"2022-08-02T11:09:02","date_gmt":"2022-08-02T15:09:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1584721"},"modified":"2022-08-02T11:09:22","modified_gmt":"2022-08-02T15:09:22","slug":"bill-clinton-a-recession-is-two-quarters-of-negative-growth","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bill-clinton-a-recession-is-two-quarters-of-negative-growth\/","title":{"rendered":"Bill Clinton: A Recession is Two Quarters of Negative Growth"},"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\">20<\/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%2Fbill-clinton-a-recession-is-two-quarters-of-negative-growth%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=1584721&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--><h5><\/h5>\n<div id=\"attachment_2732899\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2732899\" class=\"size-full wp-image-2732899\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/AP22208681012883-scaled.jpg\" alt=\"A man shops at a supermarket on Wednesday, July 27, 2022, in New York. The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. (AP Photo\/Andres Kudacki)\" width=\"2560\" height=\"1707\" \/><\/p>\n<p id=\"caption-attachment-2732899\" class=\"wp-caption-text\">A man shops at a supermarket on Wednesday, July 27, 2022, in New York. The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. (AP Photo\/Andres Kudacki)<\/p>\n<\/div>\n<h5><span>OAN Newsroom<br \/>UPDATED 7:54 AM PT \u2013 Tuesday, August 2, 2022<\/span><\/h5>\n<p>A video of former President Bill Clinton defining a recession was highlighted by GOP lawmakers as the Biden administration attempts to redefine the term. Sen. Ted Cruz (R- Texas) posted the video of Clinton on Saturday with the comment \u201dBill Clinton was right.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bill Clinton was right. <a href=\"https:\/\/t.co\/bZtObFlJji\">https:\/\/t.co\/bZtObFlJji<\/a><\/p>\n<p>\u2014 Ted Cruz (@tedcruz) <a href=\"https:\/\/twitter.com\/tedcruz\/status\/1553588064626155520?ref_src=twsrc%5Etfw\">July 31, 2022<\/a><\/p>\n<\/blockquote>\n<p>The video from December 2000 shows the former President defining recession by its common definition after being asked about his fears of an oncoming recession. This quote resurged decades later as the Biden administration refused to describe the current state of the economy as being in a recession. Despite last weeks GDP report, which showed a second consecutive quarter of negative growth, the administration has attempted to redefine the qualifications needed for a recession.<\/p>\n<p>Meanwhile, a video of House Speaker Nancy Pelosi (D- Calif) talking about the \u201ctechnical definition of recession\u201d has reemerged from July 2008. The video, which resurfaced after last weeks GDP report release, also shows the top Democrat agreeing two quarters of negative growth does, in fact, suggest there is a recession. Pelosi is now distancing herself from her previous definition and is trying to downplay the current state of the economy under President Biden.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Nancy Pelosi in July 2008: The \u201ctechnical definition of recession\u201d is two quarters of negative growth <a href=\"https:\/\/t.co\/JNhzNbgTXa\">pic.twitter.com\/JNhzNbgTXa<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1553009093165686790?ref_src=twsrc%5Etfw\">July 29, 2022<\/a><\/p>\n<\/blockquote>\n<p>The 45<sup>th<\/sup> President also chimed in on the matter while taking to his social media app, Truth Social. Donald Trump suggested the Democrat proposed tax increase would violate Biden\u2019s promises. He noted, \u201c<a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/108747635832257469\">Big Tax increase for all Americans being pushed by Democrats. This is the opposite of the Biden pledge!<\/a>\u201d<\/p>\n<p>His statement comes after a senatorial committee on taxation discovered that taxes would rise for people making $30,000 and up per year. This comes despite Biden\u2019s previous promises that taxes would only increase for top earners. Trump believes that the tax increase is coming amid an economic recession and that an increase would lead US manufactures to flee the country, which would result in Americans suffering even more.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/gop-leader-mccarthy-recession-caused-by-democrat-policies\/\">GOP Leader McCarthy: Recession Caused By Democrat Policies<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>A man shops at a supermarket on Wednesday, July 27, 2022, in New York. The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. (AP Photo\/Andres Kudacki) OAN NewsroomUPDATED 7:54 AM PT \u2013 Tuesday, August &hellip;<\/p>\n","protected":false},"author":1209,"featured_media":2315279,"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-1584721","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\/1584721","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\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1584721"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1584721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1584721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1584721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1584721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}