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"By one common definition — the economy shrinking for consecutive quarters — the U.S. economy is on the cusp of a recession. Yet that definition isn't the one that counts," the Associated Press tweeted.
Critics blasted the notion, which has also been pushed by several Biden administration officials. Multiple media outlets, including the Associated Press, appear to be repeating the White House talking points on a possible recession as well.
BIDEN WHITE HOUSE TALKING POINTS REDEFINING RECESSION QUICKLY EMBRACED BY MEDIA OUTLETS
"By one common definition — the team scoring more points than its opponent wins the game — Super Bowl LVI resulted in the Los Angeles Rams beating the Cincinnati Bengals. Yet that definition isn’t the one that counts," former FCC chairman Ajit Pai joked.
originally posted by: XipeTotex
a reply to: JAGStorm
Live in a really small town.. food is a bit more expensive.. Electricity is about 37%more expensive.. Fuel is double compared to the usual.. I really needed a construction team to help sort some things out in my house, i got them, but the price of wood/lumber was about double too..
Not feeling it yet.
But next winter might hurt lots.
originally posted by: Notabot12345666
They’ll be changing the definition of starvation soon...