The Ben Shapiro Show Ep. 1542 - To Avoid Recession, Just Redefine Recession!
Jul 26, 2022
The podcast dives into the Biden administration's controversial move to redefine recession amidst looming negative growth predictions. It discusses the impacts of global events like the Ukraine invasion on food supply and local inflation issues. Shocking crime statistics in New York City are highlighted, alongside media bias in reporting. On a lighter note, it tackles the complexities of childhood beauty standards through a parent’s perspective on their daughter's doll choice. Themes of racism and media representation spark debate, revealing the disconnect between narratives and reality.
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Redefining Recession
- The Biden administration is redefining the term "recession" amidst anticipated negative economic growth.
- This shift in definition deviates from the traditional understanding of two consecutive quarters of negative GDP growth.
Biden's Recession Denial
- President Biden denies the possibility of a recession, contradicting potential GDP data.
- The administration's response focuses on redefining the term rather than addressing economic concerns.
Yellen's Inflation Miss
- Treasury Secretary Janet Yellen admitted to not foreseeing the current inflation.
- She now argues against labeling the current economic situation as a recession, despite previously accepting the traditional definition.