(RoyalPatriot.com )- Before the second quarter GDP numbers were released last week, the White House, Democrat lawmakers, and the media began setting the stage for a second consecutive negative-growth quarter by redefining the definition of the term “recession.”
It has long been accepted that two consecutive negative-growth quarters is the definition of “recession.”
But since most economists were projecting the second quarter to show a second consecutive GDP contraction, Democrats and their media handmaids had to get out ahead of the game by “actually-ing” their way to a new definition of recession.
Unfortunately for them, the Internet is forever.
There were plenty of examples showing that, in the past, these same people redefining “recession” had previously defined “recession” as two consecutive quarters of negative growth, including Speaker of the House Nancy Pelosi.
The RNC collected examples of Democrats properly describing a recession and began posting them on social media.
In one video from 2008, Speaker Pelosi embraced the technical definition of a recession as two consecutive negative quarters.
Nancy Pelosi in July 2008: The “technical definition of recession” is two quarters of negative growth pic.twitter.com/JNhzNbgTXa
— RNC Research (@RNCResearch) July 29, 2022
They know they’re lying. We know they’re lying. And they know we know they’re lying.
But they don’t care.
