‘Soviet-Level Propaganda’: White House Redefines ‘Recession’ Days Before Release of Disastrous GDP Numbers

The Biden White House released a statement redefining what constitutes a recession ahead of an expected GDP report showing a continued decline in the economy for the second quarter.

A recession has generally been defined as a period of negative economic growth for two consecutive quarters.

“While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle,” the White House Council of Economic Advisers wrote in a blog post last week.

“Instead, both official determinations of recessions and economists’ assessment of economic activity are based on a holistic look at the data—including the labor market, consumer and business spending, industrial production, and incomes,” the WH release claimed. “Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.”

Likewise, Joe Biden’s Treasury Secretary Janet Yellen tried getting ahead of the expected bleak economic numbers over the weekend.

“We’ve got a very strong labor market. This is not an economy that’s in recession,” Yellen said on NBC’s “Meet The Press.”

Yellen then insisted there’s “no sign” of a coming recession despite record-high inflation and ominous data from a number of economic indicators.

“You don’t see any of the signs. Now, a recession is a broad-based contraction that affects many sectors of the economy. We just don’t have that,” Yellen said.

Keep in mind, Yellen also wrongly predicted last year that inflation would be “transitory.”

One Twitter user pointedly noted that the Biden administration’s effort to change the definition of recession just before bleak GDP numbers are released is “Soviet-level propaganda.”

“The Biden Administration is redefining ‘recession’ in an effort to avoid political backlash. It’s not a recession if you change the definition of recession. Soviet-level propaganda from a soviet-level regime.”

The Commerce Department will release second-quarter GDP data on Thursday.

The Atlanta Federal Reserve has calculated a second quarter growth rate of negative 1.6%. The first quarter growth rate was also negative 1.6%.

Economist Peter Schiff said Friday that once two consecutive quarters of GDP growth are in negative territory, it will be much more difficult for the media and White House to spin a rosy outlook about the economy.

When we end up with an even weaker number for the second quarter, that really throws a bunch of cold water in the face of the idea that we have a strong economy. And given how weak the Q3 data already is… We don’t have a lot of July data yet, but it’s starting to come in and what we’ve seen is pretty ugly. And it makes a lot of sense that the third quarter would be even weaker than the first two because interest rates are going to be a lot higher in the third quarter than they were back then. Next week, the Fed is set to raise interest rates 75 basis points. We’re going to be up to 2.25 to 2.5%. If we were in recession when interest rates were 0.5%, 1%, 1.5%, think about how much worse that recession is going to be when interest rates are higher.”

Given that now the White House and media are changing economic definitions to suit their political needs, it probably won’t be long until they start changing the definition of “inflation,” too.

**By Jamie White


5 Replies to “‘Soviet-Level Propaganda’: White House Redefines ‘Recession’ Days Before Release of Disastrous GDP Numbers”

  1. Calgon Take Me Away

    There is no “White House.” That building is empty. Whomever is issuing these mandates has no mandate, no authority. They were not voted in. They usurped power. They are empty shells with no authority. You don’t legally have to do anything they say. Same goes with all the corrupt alphabet agencies.

  2. Deevil Caine

    Is this site funded by Fox so-called News?! New Age and rightwing xtian nationalism nutjobbery are INCOMPATIBLE!!!!!

    1. Sacha

      Thank you for that observation…Democrats are not angels by a long shot but the Republican Party are whining haters and these type of stories are divisive. There are many in the conservative fold who would lock up every liberal if the PATRIOTS “take back the country”. So sad and polarizing. Not a good precursor if a supposed lightworker site breeds discontent.

  3. S

    So how they changed the definition of “vaccine” in the who website.. apropos Soviet propaganda seeing how western govs restrict access to russian news outlets i’d say they are worse than the Soviets have ever been?

    1. david k gates

      It was a very sad day for me to find out “WE” (corrupt American Government) were NOT the Good Guys we always thought we were