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14min chapter
Biden's Ridiculous Recession Spin, and Pelosi's Taiwan Trip, with Peter Schiff and Jim Geraghty | Ep. 364
The Megyn Kelly Show
Redefining Recession: A Political Narrative
This chapter explores the Biden administration's evolving definition of recession amidst negative GDP reports, highlighting the traditional benchmark of two consecutive quarters of decline. The speakers discuss the dissonance between government messaging and actual economic indicators, particularly concerning wage stagnation and labor market conditions. They further examine the implications of redefined economic terms and the political motives behind these shifts, while forecasting ongoing economic challenges.
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