The Left’s Response To Failure Is To Redefine It As Success

The Left’s Response To Failure Is To Redefine It As Success


In preparation for the close of the year’s second economic quarter, the White House Council of Economic Advisers has already started the spin: We’re not in a recession if we just redefine what a recession is.

“While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle,” the supposedly nonpartisan group said in a blog post on Thursday.

It’s doubtful the verbal smoke and mirrors will persuade the average Americans whose grocery bills keep growing as fast as their gas tanks empty. A recession is a sustained downturn in economic activity, and many Americans can feel it without knowing what the Q2 numbers are.

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