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Recession is Here | 7.29.22

Morning Wire

Is the White House Playing Semantic Games?

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According to joe byden's own chief economic adviser, as well as virtually every economist over the last half century, that is the definition of recession. The white house might be playing some semantic games here, but it doesn't change the economic reality. Whether it were in a recession technically or not is really secondary to how people are feeling about this economy in the direction they see it moving.

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