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Bill Clinton defined a recession as two consecutive quarters of negative growth [1]. I suppose the definition of a recession is determined by which party is in
by lowkey 4y ago
Bill Clinton defined a recession as two consecutive quarters of negative growth [1]. I suppose the definition of a recession is determined by which party is in office? I don't mean to be snarky, but it is clear that the sudden change in definition is political.
[1] https://twitter.com/HowardMortman/status/1552767281981231104?s=20&t=YwkWhNsYcbycnVBASgRtEA https://twitter.com/HowardMortman/status/1552767281981231104...
- Macha 4y agoIs Bill Clinton not of the party which is being accused of standing to benefit from current situation not being classified as a recession?
- lowkey 4y agoMy point exactly. Rules for thee but not for me. Or, "A recession is defined as two consecutive periods of negative GDP growth, except when a Democrat is in power, beginning effective 2022."