As the rest of leftist media, politics has been trying to aid the Biden Administration’s efforts to redefine what it means to be in recession. Their readers are being gaslighted into thinking that, even though tomorrow’s GDP report will reveal that the second-quarter was negative (which it is), the report still contains errors.
In Wednesday night’s Politico Nightly newsletter titled “Bracing for the big reveal”, chief economic correspondent Ben White thumbed his nose at Americans who are suffering in the soon-to-be official Biden recession:
Your phone can be set up to send multiple alarms tonight. Load your coffee maker with the strongest brew you’ve got. And prepare at least six browser windows to feverishly refresh this Bureau of Economic Affairs website at precisely 8:30 a.m. Thursday morning to have your mind absolutely blown by the … first, possibly inaccurate and certain to be revised reading of U.S. economic performance in the second quarter of this deeply weird economic year.
“We tease. “But just a little. White tried to backtrack from the preceding paragraph, mocking the hype surrounding the impending GDP figures.
“If it’s the latter” White continued. It would mark the second consecutive quarter of declining GDP, as many economists but not all expect. That’s one, though not the only definition of, (cue scary music) RECESSION!”
Set your alarms: Tomorrow we get the first, possibly inaccurate and certain to be revised reading of U.S. economic performance in the second quarter of this deeply weird economic year — one metric to measure if we’re in a recession.
Nightly reports 👇 https://t.co/6LSiHqYJad
— POLITICO (@politico) July 28, 2022
White lies further down, writing that two consecutive declines are a classic sign of recession. But as I’ve noted in this space before, there is no official definition of recession in the U.S. beyond a broad decline in economic activity spread over time.”
White tried to make a spin for the Biden Administration. He claimed that if you removed a bizarre decline in inventor-building, and an increase of imports due to pandemic-related shortages of goods, then first quarter GDP would likely have been positive.
In White’s own spin on the classic “Republicans pounce,” he wrote that “Republicans are salivating at the opportunity to take a negative number, cast aside any of the wonky nuances, and declare the “Biden Recession” well underway,” adding that there are “Plenty of news outlets may treat it that way as well.”
It’s true, however that Republicans don’t want the “Biden Recession.” A recession is not what anyone wants. Republicans have advised Biden and Congress Democrats to not pump trillions into the economy via the American Rescue Plan. This would cause record inflation and ultimately a recession.
Ben White is a propagandist for the Democratic Party disguised as a journalist. Take a look at the stark contrast in how White reported on the recovery of the economy after Trump took office and what he is doing now.
Trump will likely get the badly needed positive headline on Thursday morning, with an expected report showing that the economy experienced record growth in the third quarter.
The economic picture is far more grim than the headline suggests. https://t.co/zyaKpNDR7X
— POLITICO (@politico) October 29, 2020
A tweet from Politico linked to White’s October 29th 2020 article read: Trump is likely to receive a desperately needed positive headline Thursday morning, with an expected report that will show that the economy experienced record growth in the third quarter. However, beneath this headline the economic picture appears far less bright.
It’s classic politics! When Republicans control the economy, they downplay its success and make fun of the poor economy. Democrats can talk happily about it when they are in power.
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