- Oct 20, 2013
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In a 1974 New York Times article, economist Julius Shiskin presented a few benchmark definitions of what constitutes a recession, the most popular of which became the decline in real GDP (a measure of a country’s gross domestic product adjusted for inflation) for two consecutive quarters.Maybe you should look up what a recession is. There were none that started under Obama. Zero, zippo, nix, nine, nada
This defintion of a recession has been the standard in college economics classrooms (which I once taught myself), for 50 years. Oh CNN & MSNBC came up with a new one now ?
HA HA HA. Well of course. They needed a coverup for the consecutive recessions of both Obama an equally clueless Biden. I've already posted the charts and numbers. You saw them. I could post them again if you like.