I forget where I saw it today but somebody noted that this is the acid test for the failing mainstream media. For decades, the definition of a recession has been two consecutive quarters of economic contraction. Two quarters of negative growth. It's numbers. It's an either/or proposition.
It's likely this White House already knows that a recession is coming and the solution is to...redefine the definition of a recession. The question now is whether the compliant, biased media will go along with this scheme or whether - for once - they'd exhibit a little integrity.
The media exhibit integrity.....Good one.
ReplyDeleteOn Monday, the same day as this post, Minnesota recorded the lowest unemployment rate that any state has ever had, at 1.8%.
ReplyDeleteWhich of the failing mainstream media outlets is most likely to gloss over that data point?
Minnesota is one of twenty states with an unemployment rate below 3.0%.
Fifty states are under 5.0%. When Trump left office, three states were under 5.0%.