Meme: Biden’s redefines recession … contradicts his own staff

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,”
Jared Bernstein,
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.”
Brian Deese,
Biden’s current National Economic Council director,
2008 quote

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