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Podcast: Townhall Review | Commentaries
Episode: Jerry Bowyer: Yes This Is Recession
Description: Politics is first and foremost a war of words. Changing the definitions of words is a way to change the way people think without actually having to offer persuasive evidence. Take the definitional war over the word “recession.” The dictionary definition of a recession is two quarters—six months—of negative economic growth. That's also the definition found in Wikipedia since 2011. Furthermore, the law defines it that way. For example, the Graham-Rudman-Hollings deficit reduction bill made an exception to deficit limits in the case of recession and used the standard definition, two consecutive quarters of negative...