S11 EP131: Hour 1 - Recession Redefined. By the People Who Can’t Define What a Woman Is
The Erick Erickson Show
Erick Erickson
4.5 • 874 Ratings
🗓️ 25 July 2022
⏱️ 37 minutes
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Transcript
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| 0:00.0 | Hello and welcome. It is Eric Erickson here. The Eric Erickson show across the nation. The phone number, if you want to be on the show, 877-973-7-4-25. As always, you can follow me all over the internet at E-W-E-W-E-R-I-C-K-S-O-N, particularly Instagram. |
| 0:21.3 | You should follow me on Instagram. |
| 0:23.2 | It's where I'm less political. |
| 0:24.9 | E.W. Erickson. |
| 0:27.1 | Well, you know, every day that I do the show, I don't do a script. |
| 0:33.4 | I don't really do a lot of notes. |
| 0:35.4 | I just kind of highlight I want to talk about this story, this story, this story, this story, this story, this story. |
| 0:39.3 | But Charlie asks me, since we break the podcast out by hour, instead of doing the full three-hour show is one podcast, we break it out by hour. |
| 0:50.4 | And he asks me to give each hour a name. |
| 0:56.1 | The name for this hour is recession redefined brought to you by the people who can't define what a woman is. |
| 1:07.4 | The White House has declared a redefinition of what a recession is. |
| 1:15.5 | If you look up the definition of a recession in the Oxford English Dictionary, the Merriam-Webster dictionary, or even go to an encyclopedia. |
| 1:35.2 | What you find is two quarters of negative economic growth. |
| 1:38.9 | Two quarters of negative economic growth. |
| 1:46.1 | That is the traditional definition of what a recession is. |
| 1:48.7 | Now, it is true. |
| 1:51.7 | It is true. |
| 1:58.8 | The National Bureau of Economic Research back in 2008 tweaked the definition. |
| 2:02.9 | So it's not a technical two quarters. It's a more neb the definition. So it's not a technical two quarters. |
| 2:05.6 | It's a more nebulous definition. |
| 2:07.2 | They are the group of people. |
| 2:13.3 | You may remember the CNN story, the group of white men who decide if we're in a recession. |
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