The reality was revealed that there had been two quarters with negative economic growth. This marked a recession.
Let’s now talk about recession denialism. Recession denial is worse than “climate denial.” The traditional definition of recession by economists is that it’s all now “informal”, and not definitive.
Team Biden was able to claim that there is no recession. PBS anchor Judy Woodruff suggested it was “not knowable” if we are in a recession, even though we know “growth is slowing.” Yes, the growth is stopped.
Television networks weren’t the only ones to do this. Even though there were recession fears, the headlines in some of the largest newspapers did not mention that it was. Associated Press reported the latest number was “raising fears that the nation may beApproaching a recession But Many economists don’t consider it to be a recession.
PolitiFact claiming it was “False”, to state that the Biden Team was trying to redefine recession when in fact, this is a clear factual claim. Listen to the podcast here or anywhere else you like podcasts.
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