We all know that the economy sucks — well, all except the White House and other socialists:
The United States economy contracted in the second quarter of 2022, marking the second consecutive quarter registering no growth. Economists expected the economy to grow by 0.3 percent, but the GDP shrank by 0.9 percent in the second quarter.
It is commonly considered a recession after two straight quarters of negative growth, although the Biden administration is now in the business of challenging the definition.
White House press secretary Karine Jean-Pierre, for example, overtly denied that definition, as did White House economic adviser Brian Deese.
Of course they would.
One just wonders how they’re going to spin the Chip Diller routine when consecutive quarters #3, #4, #5 and #6 all show negative growth.
Useless socialist bastards.
Negative growth is right up there with ‘re-imagine’ as a term that makes my teeth itch.
It’s not growing, it’s contracting. You don’t have ‘negative’ growth.
Preach it, Brother Techie.