We are in a recession by the traditional definition, which is also the official definition in a number of countries — two quarters of negative growth. Brian Deese, the White House economics advisor, in 2008, used that definition to proclaim a Bush recession. Now he says that definition does not apply.
Perhaps in October when another quarter of decline, an even greater percentage of decline than the past quarters as recession takes greater hold, may yield yet another definition of recession…just in time for the fall elections.
Those are Republican recessions and would be on the news 24/7 if one were in office but this is clearly a Democrat bullish economic environment that should be celebrated! Well, until a Republican gets back in office.
The mainstream press is totally corrupt. There’s no denying that fact. I’ve been in the journalism/content business my entire career. What is happening now is an unmitigated disgrace. From suppressing alternative views on Covid treatment to the press proving recession “cover”, it’s clear. Legitimate journalism is dead.
There are so many intellectually dishonest points in this subject alone that it's hard to imagine an objective, critically-thinking individual EVER trusting the media again. I find it bitterly ironic that the group who so often associates conservatism with Nazi brown-shirts perfectly mimics Joseph Goebbels.
First, let me say we are in a recession, according to the traditionally accepted definition of a recession.
That said, the only reason our recession doesn't appear worse (by the numbers) is because inflation has minimized the appearance of the data. Every month, goods and services cost more. So, to get those goods and services, we pay more. Because we pay more, our GDP is higher than it would have been if inflation had been what it used to be.
Perhaps in October when another quarter of decline, an even greater percentage of decline than the past quarters as recession takes greater hold, may yield yet another definition of recession…just in time for the fall elections.
Those are Republican recessions and would be on the news 24/7 if one were in office but this is clearly a Democrat bullish economic environment that should be celebrated! Well, until a Republican gets back in office.
Post modernism at its best
The mainstream press is totally corrupt. There’s no denying that fact. I’ve been in the journalism/content business my entire career. What is happening now is an unmitigated disgrace. From suppressing alternative views on Covid treatment to the press proving recession “cover”, it’s clear. Legitimate journalism is dead.
Totally agree!!!
There are so many intellectually dishonest points in this subject alone that it's hard to imagine an objective, critically-thinking individual EVER trusting the media again. I find it bitterly ironic that the group who so often associates conservatism with Nazi brown-shirts perfectly mimics Joseph Goebbels.
Orwellian in their use of definitions. The Media Industrial Complex backs them up.
First, let me say we are in a recession, according to the traditionally accepted definition of a recession.
That said, the only reason our recession doesn't appear worse (by the numbers) is because inflation has minimized the appearance of the data. Every month, goods and services cost more. So, to get those goods and services, we pay more. Because we pay more, our GDP is higher than it would have been if inflation had been what it used to be.
Of course they're propagandizing because This Time it's (D)ifferent somehow.