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Image Credit: sefa ozel / Getty Images As it becomes clear that The U.S. has entered a recession, Biden Administration officials appear to be using semantics to avoid admitting it, with some suggesting ‘its not a recession, it’s a transition’.
Apparently, what once constituted a recession, two continuous quarters of negative GDP growth, somehow doesn’t anymore: When Trump is President, a recession is a recession: Not now though! ‘It’s ok when we do it.’ Even CNN is shaking its collective head at Biden officials’ attempts to fake their way out of admitting they’re in a recession: It’s not a recession, it’s a “transition”: Embarrassing and shameful, again.
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