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he s actually done. so there s never any upside in letting joe biden speak injo public. d but unfortunately for the white house, sometimes you don t have a choice. disasters happenn ha. and when they do, the public expect somebody to pretend to be president. the american economy a is currently a disaster. therefore, joe biden had to h talk. so his aides dutifully let him out to the podium today to say something edifying about it. what happened next has got to be one of the weirdest presidential briefings ever conducted. new economic numbers show has declined for two quarters in a row. that s the definition of a recession. we re in a recession. that s why joe biden had tofi hold the briefingng. and yet biden never once mentioned those numbers, not a single time other than that, mrs. lincoln, how was the play? it was completely bizarre. instead, biden simply announced that there is no recession in the united states no matter what you may have noticed aboutt your own count ....
The county attorney and county county, texas. that s what we re dealingi with every day. so welcome to the party, pal.ea i don t want to really hear all your complaining to talk about racism. how about the racism about a dhs that is forcing these border patrol agents to be accused of whipping haitians with aou called racist completely unfounded charge? i m just sick of this garbage. well, i am. too. i agree with that conclusion. congressman shipwright, texas, thank you,. so it turns out the migration crisis works in both directions igraorunder joe biden. soe many people from mexico como to the united states . but it turns out manyunit ameris are fleeing a collapsing economy and running to mexico of the saddest marker we can imagine. according the l.a. times, a lotc of people in mexico city are very upset by this is an l.a. times reporter put it, mexico city is being flooded by americans. ngtheir transforming classic neighborhood, the housing market, even racial dynamicsor. more and mor ....
The technical definition of recession. cess to be thed same . ben white, the sameit political pundit. and then ine? january of this year, which is twenty, twenty two , we think the ap reported the same thingrt and we re quoting mexico snt economy entered a technical recession at the end ofcess last year with two consecutive quarters of contraction. oh, wow. so it turns out that wasri the definition prior to two weeks. in fact, that s beendi the definition for decades. in fact, to find it in everyctco economic textbook i ve written, it s all over the archives, the ap, which because we re paid to doen, we slog through today. here s one example of what french economy fallsench back i recession, the ap reported back in 2013. here s a direct quote from the article a recession is defined as two consecutive quarters dive of negative grow oh, you re not insane. no one goes you you re not. hallucinating. even cnn used to sayay this is cnn white house correspondent john harwood wrote on augusto ....
In the provinces. the people are happy and thriving, period. and with that, biden left the stage. watch and let me speak to one other issue. let me speak to one other issue ,the gdp and whether or not we are in a recession. both chairman powell and many of the significant bankingl personnel and economists say we re not inan recession. let me just give you what the facts are in terms of the statehe, the economy. numberec one , we have a record job market of record unemployment of three point six percent today and the inflation reduction act or add another three hundred and seventy billion in clean energy tax credits in record affiliation, including incentives to accelerate domestic productionce of solar panels, wind turbines, ....
They said it so it s true now in a blog post officialson explain that two consecutive quarters of declining gdp sersis quote, neither the officl definition nor the way economists evaluate the stateteo of the business cycle.. note. convinced. well, you re notnot watching television because every official in the biden administration, all these credentialed economists a went on camera to swear it was true. i dodo want to emphasize what a recession really means is a broad based contraction in the economy and even if that number is negative, we are note, in a recession now. and certainly in terms of the technical definition, it s not a recessionfi. the technical definition considers a much broader spectrum of datathth points. the idea that two quarters of negative gdp growth is a technical definition of a recession is wrong. if thingssi are going so great, though. and why is that? the white house officials ares tryingtr to redefine recession. no, we re not redefining recession. n. we all un ....