In anticipation of a second quarter of negative growth, the Biden administration redefines

recession.

The collapse of New York City continues at pace, and we explore two very different stories about

racism.

I'm Ben Shapiro.

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Well, the White House is expecting some bad economic news this week. We're expecting the second quarter GDP report.

And most people believe that there will be negative GDP growth for the second consecutive quarter, all of which has led the Council of Economic Advisors to literally redefine what a recession has meant for quite a while here. Typically, when you are talking about recession, people mean two consecutive quarters of negative growth. But the reality is that it's always been a little bit tricky to define what a recession is. You know it when you're in it and you don't know it when you're not in it. It's kind of a pornography as defined by the Supreme Court thing. You know it when you see it. You feel like you're in a recession when things are getting more expensive, when you're worried about your job, when you're concerned about the future of the economy, and when the stock market starts to go down. But combinations of those factors could lead you to think that you're in a recession also. However, the sort of technical definition that has been consistently used for years and years is two quarters of negative GDP growth. So the Council of Economic Advisors under Joe Biden, fearing that we're about to get a stat that drops this week that says that we are in a recession and then it becomes Biden's recession, they're simply redefining the term.

So now, according to whitehouse.gov, what is a recession? While some maintain the two

consecutive quarters of following real GDP constitute a recession, that is neither the official

definition nor the way economists evaluate the state of the business cycle. Oh, weird how that

standard changed. Strange. Instead, both official determinations of recessions

and economists assessment of economic activity are based on a holistic look at the data. Based on

these data, it is unlikely the decline in GDP in the fourth quarter of this year, even if it is

followed by another GDP decline in the second quarter, indicates a recession. So it's very funny.

Here's what they're doing. They had a really bad first quarter. Then the second quarter started and we were told by the Biden administration that if we were worried about being in a recession, the stats weren't available yet to say that we were in a recession because we were still in the second quarter. Now as we end the second quarter and it's pretty clear that we are in a recession, they're attempting to redefine away the first

quarter. They're now saying, well, you know, before we were worried that the second quarter really

...