On 7/26/2022, Kamala Harris met with disability rights leaders. Harris kicked off the meeting by announcing her pronouns. “I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit,” Kamala Harris said.
On 7/25/2022, during press conference, White House Press Secretary Karine Jean-Pierre was asked, “just on the recession thing, and not to belabor the point, but you made it — you said that journalists use the phrase “technical recession.” I mean, I have notes from the last few days from Deutsche Bank, Morgan Stanley, Wells Fargo, Citigroup, and Fitch all using that phrase. Those aren’t, you know, rabble-rousing journalists. And so I’m wondering, is that simply a phrase we won’t hear from the White House?”
Jean-Pierre: So, look —
Reporter: On Thursday, if it’s a negative GDP, what will you call that?
Jean-Pierre: So, a top — a top official — I’ll give you one — a top official at Goldman Sachs recently said it would be “historically unusual” for the labor market to be as strong as it is at present, even at the very onset of a recession … If you look at consumer spending, if you look at what businesses and households are investing in, you continue to see the resilience. And it is consistent — it is not consistent with a recession. And so that’s what — the indicators that we’re looking at.
Reporter: Karine, two questions. One, just following up on what you said about the National Bureau of Economic Research, they also did not declare it a recession in 2008 until December. That’s 12 months after the recession had already been in place in the U.S. economy. But based on what the President said earlier, have his economic advisors told him they also don’t think a recession is likely? And what is exactly the White House’s definition of a recession?
Jean-Pierre: Again, we don’t — we don’t — I’m not going to define it from here. I’m just going to leave it to the NBER, as — as we have stated, and how they define recession.
Reporter: Okay, so you won’t declare it one until they have declared it one. Is that what you’re saying?
Jean-Pierre: I’m just saying that we’re just not going to define it. We use the indicators that the NBER, the National Bureau of Economic Research, have used. We’ve mentioned that a few times. But going to your question about how sometimes it’s late: Look, I think the — what we’re — not even “I think”; what — the point that we’re trying to make here is that we have a strong labor market … And so that’s what we point you to, that’s what we’re looking at — is how the economy is currently in this moment. And the reason why is because of the work that this President has done, because of the American Rescue Plan.
Reporter: Okay. I just want to be clear though: So, we’re not going to hear the White House say, if there is a recession, that there is one until the National Bureau of Economic Research has declared it one?
Jean-Pierre: What I’m saying is that the definition that — the technical definition — and Secretary Yellen said this yesterday on the — on “Meet the Press” — is the National Bureau of Economic Research that looks at a broad range of data in deciding whether or not there is a recession. And most of that data they look at right now continues to be strong.
On 7/25/2022, CNN slammed the President Joe Biden administration for denying the definition of a recession and said, “you can’t fake this!,” during a segment on CNN’s “The Lead” with Jake Tapper.
On 7/26/2022, CNN’s John King said, “Democrats… think they need to distance [from President Joe Biden],” during a segment on CNN’s “Inside Politics” with John King.
On 7/25/2022, Biden economic advisor Brian Deese said in regard to a possible recession that the economy is in a “unique” “transition,” during a segment on MSNBC’s “The 11th Hour” with Stephanie Ruhle. He said said the economy is slowing down as part of a “transition.”
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Change recession definition if you don’t like it politically. Technical recession, unique transition.