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Podcast: Townhall Review | Commentaries
Episode: Ed Morrissey: Recession, Prerecession -- Who Cares?
Description: The White House has begun playing word games about the meaning of “recession” ahead of this week’s report on the economy in the second quarter. Joe Biden insisted that “we are not going to be in a recession,” while his economic adviser Brian Deese made the media rounds to argue that two consecutive quarters of negative GDP does not automatically indicate a recession. Karine Jean-Pierre floated out a new term, “pre-recession,” only to deny that we’re in one of those as well. What nonsense. American households don’t care what technical term describes their current economic misery. Wh...