Tucker acknowledges the Mandela Effect many of us are experiencing on the definition of “recession.” Thankfully, the Biden administration is here to help. Highlights include:
“What matters is not the way things actually are. What matters are the words we use to describe things.”
“We can change reality merely by calling it something else. If we call a man a woman, that’s what she is. If we call an open border a secure border, that’s what we have. And as you just saw, if we tell you that a collapsing economy is a robust economy, well then, it’s time to celebrate our new found prosperity and feel free to by champagne on your EBT card, it’s on us.”
“It turns out that when you think you’re God, all that matters is what you say, your commands. In the beginning was the Word! And this week, the word was definitely not recession. That word is now inoperative. It’s obsolete, and frankly, it’s embarrassing.”
“So, to herald this important new change to our language, on July 21 the White House officially changed the definition of ‘recession.’”
“Listen to what they’re saying. ‘Two consecutive quarters of declining GDP’ … that’s not the definition of a recession. Really? We thought it was. We thought that for about 50 years.”
“Turns out, we’re insane. We’re hallucinating, Lucy in the Sky with Diamonds stuff, and the media have confirmed it. This is from Politico. ‘The White House is pretty obviously right that even two quarters of shrinking GDP would not show the economy is currently in recession.'”
“It’s always been that way, as long as you don’t have a memory that extends past, say, last week, because it was just a few weeks ago before the White House declared otherwise that everyone was saying differently, including Ben White and the AP.”
“Want examples? Okay, how about this? June 22 of this year, this same ‘Ben White,’ assuming he’s real, wrote in Politico, which unfortunately is, ‘I’m sorry to report that the conditions are ripe for a slide in gross domestic product growth that lasts at least two quarters, the technical definition of recession.’”
“That does raise the question. If it’s not a recession, then what is it? Well, for this and all other matters, including intimate marital questions, we go to the White House press secretary, who informs us it’s not a recession, it’s ‘a transition.’”
“The words are all that matter to them, not reality. They don’t walk through midtown in Manhattan and notice, hey, this is disgusting, this is worse than Mumbai, how did it get this way? They don’t even notice.”
“Here’s a link to a page describing the ‘old’ definition of recession, and you can watch the video below and tell us what you think in the comments. ”
https://corporatefinanceinstitute.com/resources/knowledge/economics/recession/
The powers-that-be are having me switch to two days per week, so I’ll see you fine upstanding citizens on Monday.
