By Taxpayers Association of Oregon
Biden’s own economic team defined a recession as two quarters of negative growth, but now are changing it:
“One percent growth isn’t a recession, which is typically defined as two consecutive quarters of declining growth,”
Biden’s White House Council of Economic Adviser (CEA),
wrote in a column for Foreign Affairs magazine in September 2019.
“Of course economists have a technical definition of recession, which is two consecutive quarters of negative growth.”
Biden’s current National Economic Council director,