5 ms·

Probably referring to the "2 quarters of negative GDP" rule that was seemingly revoked under Biden.

by gruez 8mo ago

m-hodges 8mo ago
It wasn’t “revoked under Biden.” That implies the Biden administration (or any administration) gets to define this. They don’t. Recessions in the United States are generally demarcated by NBER.¹ ¹ https://en.wikipedia.org/wiki/National_Bureau_of_Economic_Research https://en.wikipedia.org/wiki/National_Bureau_of_Economic_Re...
- gruez 8mo ago
  >It wasn’t “revoked under Biden.” That implies the Biden administration (or any administration) gets to define this. No, not any more than "the pandemic started under the Trump administration" implies that they caused the pandemic.
  - m-hodges 8mo ago
    I just plainly disagree that a casual reader wouldn’t see the phrase “revoked under Biden” and believe it meant that Biden did the revoking.
  - lovich 8mo ago
    [flagged]
    - gruez 8mo ago
      >It does imply that because the Trump admin killed the group involved with preventing pandemics[1] No it doesn't, not without massively reading in between the lines. This is getting to absurd levels of nitpicking over wording, like "autistic people" vs "people with autism". >I assume you are being disingenuous by using that claim while also trying to smear the Biden admin. Two can play at this game. I assume you're being disingenuous by trying to put words in my mouth over tiny disagreements in wording.
no-name-here 8mo ago
That was never such a "rule"; that was 1 of 4 considerations from a 1974 NY Times opinion piece, and those 4 considerations were in turn a simplification of the overall recession considerations, as the combined 4 items were intended to be more understandable by the general public than the actual items. Where had you heard that there was such a "rule"? (And as others pointed out, it's a private organization, not the government, that has set and evaluates recession criteria.)

Probably referring to the "2 quarters of negative GDP" rule that was seemingly revoked under Biden.

by gruez 8mo ago

Probably referring to the "2 quarters of negative GDP" rule that was seemingly revoked under Biden.

It wasn’t “revoked under Biden.” That implies the Biden administration (or any administration) gets to define this. They don’t. Recessions in the United States are generally demarcated by NBER.¹ ¹ https://en.wikipedia.org/wiki/National_Bureau_of_Economic_Research https://en.wikipedia.org/wiki/National_Bureau_of_Economic_Re...

gruez 8mo ago
>It wasn’t “revoked under Biden.” That implies the Biden administration (or any administration) gets to define this. No, not any more than "the pandemic started under the Trump administration" implies that they caused the pandemic.
- m-hodges 8mo ago
  I just plainly disagree that a casual reader wouldn’t see the phrase “revoked under Biden” and believe it meant that Biden did the revoking.
- lovich 8mo ago
  [flagged]
  - gruez 8mo ago
    >It does imply that because the Trump admin killed the group involved with preventing pandemics[1] No it doesn't, not without massively reading in between the lines. This is getting to absurd levels of nitpicking over wording, like "autistic people" vs "people with autism". >I assume you are being disingenuous by using that claim while also trying to smear the Biden admin. Two can play at this game. I assume you're being disingenuous by trying to put words in my mouth over tiny disagreements in wording.

no-name-here 8mo ago

That was never such a "rule"; that was 1 of 4 considerations from a 1974 NY Times opinion piece, and those 4 considerations were in turn a simplification of the overall recession considerations, as the combined 4 items were intended to be more understandable by the general public than the actual items. Where had you heard that there was such a "rule"? (And as others pointed out, it's a private organization, not the government, that has set and evaluates recession criteria.)