by Aaron Kliegman at Just the News
As inflation continues to eat away at household budgets and fears of a major economic downturn continue to mount, the Biden administration is attempting to redefine the term “recession” in an apparent public relations push to mitigate backlash for the current state of the economy.
This effort to obscure what has long been a simple, specific, and uncontroversial definition is part of an ongoing pattern of President Biden and his team redefining and weaponizing specific terms to further their political agenda and stigmatize forms of dissent they deem threatening.
Here are six terms the administration has sought to redefine:
1. Recession
For decades, experts have defined a recession as two straight quarters of negative economic growth, meaning a decline in gross domestic product.
This definition has become especially relevant with the latest GDP numbers for the second quarter of this year due to be released on Thursday, following the release of official figures in April showing the economy shrank 1.6% in the first quarter.
If Thursday’s numbers show the economy contracted in the second quarter, confirming a decline in economic activity over a six-month period, January through June, the U.S. would, according to the generally accepted definition, be in a recession.
In recent days, however…
Continue Reading