Source: Adam Schultz/The White House via AP
On Monday afternoon, President Joe Biden took questions from the press, including from Fox News’ Peter Doocy, in pointing out that GDP numbers will be coming in on Thursday, asked “how worried should Americans be that we could be in a recession.” With a smile on his face as Doocy asked his question, Biden doubled down on his administration’s talking points by claiming he doesn’t think we will be in a recession. BIDEN: “God willing, I don’t think we’re going to see a recession.” pic.twitter.com/jFvcO8ix6a — Townhall.com (@townhallcom) July 25, 2022 “We’re not gonna be in a recession in my way,” Biden claimed. “We, uh, the unemployment rate is still one of the lowest we’ve had in human history, it’s in the 3.6 [percent] area, uh, we still find ourselves with people investing. Uh, my hope is that we go from this rapid growth to a steady growth, and, uh, so we’ll see some coming down. But I don’t think we’re going to, uh, God willing, I don’t think we’re going to see a recession.”
This has been a consistent narrative from the White House, as it has sought to change the definition of what a recession is, which is typically thought of as two quarters of negative GDP growth. Worth noting. There’s a reason why two down GDP quarters has long been the standard definition of a recession. https://t.co/a5wcfEihEc — Brit Hume (@brithume) July 25, 2022 Last Sunday, Jared Bernstein, who is a member of the White House Council of Economic Advisers, dismissed the usually thought of definition when speaking with Shannon Bream on “Fox News Sunday.” Later that week, he and Cecile Rouse, who chairs the council, promoted a different definition in a blog post published to the White House website.
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