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What is a Recession?

I took my first college economics course in the fall of 1972.  The very mainstream textbook defined a recession as two consecutive quarters of negative real GDP “growth.”  Then after graduating and earning a Ph.D in economics, I taught university economics for forty-one years, and all of the textbooks continued to define a recession as two consecutive quarters of negative real GDP growth.  The Brandon administration now pretends that all of this never happened, there never was any such definition in any textbook, including the ones written by Democrat party political propagandists like Paul Samuelson, or anywhere else. That of course is ironclad proof that the U.S. economy is in fact in a recession and not only that, is experiencing 1970s-style stagflation.  I suppose Senile Joe and his lying media scum (LMS) comrades will also deny that that word ever existed.

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7:30 am on July 26, 2022