Way to go Joe. Two quarters negative GDP growth
Back in 2008, President Joe Biden’s current National Economic Council director, Brian Deese, stated: “Of course economists have a technical definition of recession, which is two consecutive quarters of negative growth.”
And in 2019, top Biden economic adviser Jared Bernstein said that a “recession” is “defined as two consecutive quarters of declining growth.”
President Bill Clinton: “A recession is two quarters in a row of negative growth.”
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