All right, he had a look and everyone to welcome to it. It is the Derrick Hunter podcast for Friday, the 29th of July, last Friday, in July, the last weekend in July, the last tango in Paris. I am Derrick Hunter. I am your host. Appreciate you.

Be a listening. Thanks for downloading, sharing, telling a friend all that good stuff. Don't forget the curse show. We'll be up at midnight tonight at patreon.com slash Derrick Hunter podcast as well as Derrick Hunter. Locals.com low, low, $5 a month. That's like pennies a day, less than a cup of coffee back when a cup of coffee was affordable per day to support the program and laugh your ass off and get a chance to win fabulous prizes such as autograph books this week. It's Mark Levin versus Kurt Schlichter.

Who will win? What shall be won? That's up to you guys. Check it out. Enter. Please support the program. Appreciate it. All right. There is a lot going on in the world and the big news right off the bat is, of course, which is official. Now we're in a recession golf clap. Yeah, you know, Joe Biden inherits a strong economy and

excuse it up. Congratulations. This is what democratic control gets you way to go. Second consecutive quarter of negative GDP growth. That used to be the definition. So we shall go with it because we liked to work off of actual handheld dictionaries. I bet you that if you let me actually, you know what, just for fun.

Let's go to dictionary.com right there dictionary.com. I want to see recession definition. Yeah, let's go. Let's see. Now happen to. No, Miriam Webster is missing.

Anyway, you the definition of everything is shank. Okay, here we go. Here's the definition. Act or action of receiving withdrawal. That's recession number one definition from Miriam Webster.

A departing procession as of clergy inquire at the end of church service or a period of reduced economic activity, but they changed it, but they changed it from

from two consecutive quarter. It's a basic watching these people run around. Jim, what's his name? CNN reporter, what John Harwood tweeted in 2019. It's official. There's no other way around it.

Two consecutive quarters of negative growth hits the recession. It's a recession. It's a recession. Now he's up there with Paul Krugman and all the other left is going, you know what, it could mean anything.

Who can say really what what constitutes a recession? Well, it used to be all of you people. Now suddenly you guys don't don't know. It's like woman. We all know what a woman is. Now you know what a woman can be anything. I don't know. Can't figure it out.

Here's a dictionary definition of from dictionary.com an active receiving withdrawing you're receiving part of a wall or bridge a withdrawing procession at the end of a religious service and an economics a period of economic contraction sometimes limited scope or duration.

They they drop they didn't know to find what the period or scope is anymore. They used to used to. But yes, it is official ladies and gentlemen CNBC, the US economy contracted for the second straight quarter from April to June hitting a widely accepted rule of thumb.

For I love how it's a rule of thumb. These people can the American people weren't sitting around going, you know what I got I got nothing better to do than to try and figure out what constitutes a recession.

Hey Earl to grab a couple of past will sit around the fire will smoke some some marbles and we'll figure out what to call a recession because you know what this not knowing stuff is for the birds.

And all right, yeah, let's do this. Let's tackle this thing once and for it wasn't just a couple of guys or a couple of gals sitting around figuring this stuff out for themselves.

It was economists who came up with the two consecutive quarters of negative growth and it worked wonders when you had competent presidents and when you had when you didn't have it in competent Democrat.

Now that you do you know good lord. This is a direct it's not you know if this were right after the election if this were this third quarter right now of 2021 a year ago.

They would never problem with the definition of a recession. You know why because they would be able to say what they'd be able to say we inherited an economy that was a disaster.

We inherited an economy that was headed in the wrong direction and lo and behold it headed in the wrong direction. Here we are but don't worry we're going to turn this puppy around.

They would have been able to say that they would have probably been dishonest but they would have at least been able to say that.

They wouldn't have had to be clown themselves going. I'm unfamiliar with the term I don't that could mean anything who's to say what it means.

But since we're far enough away from the Trump administration and Democrats inherited a very strong economy that had they've said about ruining ever since there is and they've spent the last year bragging about all this wonderful economy.

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