Trump's America

[shu09]

SHU09 you consistently get things completely wrong. There was no recession during Biden’s term. A recession is declared by the National Bureau of Economic Research. There are multiple factors in which it takes into consideration before a recession is declared. No change in definition. It just has always been that way. Perhaps you should have read an additional article in For es magazine about this topic to enlighten you. https://www.forbes.com/sites/qai/2022/09/22/when-will-this-officially-be-called-a-recession/

Learn how to read. I said Biden changed the definition of a recession. I never said there was one.

 

[cernjSHU]

Yeah I know what you said. There was never a change in the definition of recession. The NBER is the entity that declares a recession officially. Biden did not just make up the NBER. It has been in existence since 1920. Biden did not change the definition. I am glad that you admit there was not a recession during Biden's years despite you claiming that there was one or that there would be one for a a long time.

 

[Merge]

Yeah I know what you said. There was never a change in the definition of recession. The NBER is the entity that declares a recession officially. Biden did not just make up the NBER. It has been in existence since 1920. Biden did not change the definition. I am glad that you admit there was not a recession during Biden's years despite you claiming that there was one or that there would be one for a a long time.

People are used to two quarters of contraction being the signal that we’re in a recession, but you are correct that is not the only thing that the NBER looks at, and their definition did not change during Biden’s term.

 

[shu09]

Yeah I know what you said. There was never a change in the definition of recession. The NBER is the entity that declares a recession officially. Biden did not just make up the NBER. It has been in existence since 1920. Biden did not change the definition. I am glad that you admit there was not a recession during Biden's years despite you claiming that there was one or that there would be one for a a long time.

After Q1 2022 was negative, Biden was so terrified that Q2 might come in negative in a midterm year (it didn't) that he and his administration started twisting words and misleading people in order to preemptively get ahead of the possibility.

I never claimed there was one. I said one is coming, which it still is. It will be here sooner than you think.