On 7/25/2022, Joe Biden participated in a virtual meeting with CEOs and labor leader to discuss the Chips Act. Fox News reporter Peter Doocy asked Biden about the impending/current recession. “We’re not gonna be in a recession in my view,” Biden said rattling off his talking points that the US is going to go from “rapid growth to steady growth.” Recessions are typically marked by an economy shrinking in back-to-back quarters, measured by gross domestic product. The GDP shrank by 1.6 percent in the first quarter of 2022. The Atlanta Federal Reserve announced earlier this month that the second quarter of 2022 saw a GDP of minus 2.1 percent.
On 7/25/2022, CNN’s Kaitlin Collins asked White House Press Secretary Karine Jean-Pierre about Joe Biden’s assertion that “we’re not gonna be in a recession.” “What is exactly the White House’s definition of a recession?” CNN’s Kaitlin Collins asked KJP. “I’m not going to define it from here,” Karine Jean-Pierre said.
On 7/25/2022, Biden’s economic advisor Brian Deese tried to explain why the US is not “technically” in a recession. “We are seeing a slowing [economy], that is not only expected but necessary, as we operate through this transition,” Deese said on CNN Monday morning.
Brian Deese also appeared on MSNBC, “Certainly in terms of the technical definition, it’s not a recession. The technical definition considers a much broader spectrum of data points,” Deese said.
https://facebook.com/HygoNewsUSA/videos/1044380252882735
Because a recession is so bad they change the definition first, or is presented as “Semantics” or “Transition” or use “Technical definition”