What recession? Biden, Yellen and Democrats want to change the definition but they can't change the facts

A recession has always been defined as two straight quarters of negative growth but Biden and Yellen aren't buying it

Now here’s the latest quiz question: what is the definition of a "recession?" It’s always been two straight quarters of negative growth -- which has happened in Q1 and Q2 of this year. It has been that way for about half a century.

RECESSION 'IS HERE' AND WILL 'LAST FOR A WHILE,' FORMER WHITE HOUSE ECONOMIST SAYS

But now Treasury Secretary Janet Yellen and her minions are dutifully telling us it is something else. What that is, she’s not sure of. We are told by Yellen that this is a healthy economy and we are in the midst of a "great transition."

But a transition to what? Radical income redistribution? Green energy? Is this like Chairman Mao’s five-year plan or the Great Leap Forward?

Government doesn’t "spend" money anymore. It "invests" it.

If you fail at a job, it doesn’t mean you were incompetent or that you aren’t up to snuff. You are just a victim of "able-ism."

Oh, and what you saw on the streets of Chicago and Kenosha and Seattle in the summer of 2020 were not "riots." They were "protests," and "peaceful," or rather "mostly peaceful."

Got it?

https://www.foxbusiness.com/ec....onomy/recession-bide