If a recession is 2 consecutive quarters of negative GDP growth,we started the Biden recession yesterday, -1.4% in Q1 and -2.1% in Q2.

[Faun]

A committee within the National Bureau of Economic Research (NBER), a nonprofit research organization that’s not affiliated with the federal government, determines when the U.S. economy has entered into a recession.
A recession is defined by the NBER as a “significant decline in economic activity spread across the economy, lasting more than a few months.” The organization takes into account many factors, including GDP, real income, employment, industrial production, and consumer spending, in its determination.
Though people often cite two consecutive quarters of GDP decline as the definition of a recession, and countries like Great Britain use this designation, it is not an “official designation” in the U.S., according to the Bureau of Economic Analysis, an independent, federal statistical agency.

What's astonishing is how rightards think this is new.

 

[Ralph Norton]

What's astonishing is how rightards think this is new.

What is also astonishing is how leftards love semantics.

 

[Faun]

You can't, nor can you know it is UNTRUE.
Thus making a statement about an unknown can only be UNPROVEN, not a "lie" (or "true").

So if I were to say Nostra gave Trump a blow job, that wouldn't be a lie since I don't know it's untrue?

 

[Faun]

What is also astonishing is how leftards love semantics.

Please, most everyone loves semantics.

But in this case, what are the semantics? We have two definitions for a recession. One held by the NBER which is the body tracking recessions.

 

[Ralph Norton]

So if I were to say Nostra gave Trump a blow job, that wouldn't be a lie since I don't know it's untrue?

By definition, no. But it could be proven to be false.

 

[Slade3200]

Guys can give birth? I had no idea!

Apparently you still don’t have an idea. Can’t explain to you any more simply as I did. Can’t help ya.

 

[Faun]

By definition, no. But it could be proven to be false.

 

[CrusaderFrank]

Apparently you still don’t have an idea. Can’t explain to you any more simply as I did. Can’t help ya.

Guys having sex with other guys do not become women...hmmmkay

 

[CrusaderFrank]

I identify as President of the Untied States, my pronouns are Sir and Your Majesty, I'm wearing summer shorts and a cool t shirt I picked up in Cadaques Spain

 

[Slade3200]

All you did, after quoting my post, is REPEAT the exact same words that I posted in my post, that you quoted. Nothing is changed .

As I said the NBER's definition of recession is the same as 2 (or more) consecutive quarters of RECEDING (reducing) GDP #s. So by their definition, we're in a recession, and if one is adept at handling the English language, all they need is a dictionary (not the NBER) to define recession (the act of receding).

recession​

noun (1)

re·ces·sion | \ ri-ˈse-shən \

Definition of recession​

(Entry 1 of 2)
1: the act or action of receding : WITHDRAWAL

Definition of RECESSION

the act or action of receding : withdrawal; a period of significantly reduced general economic activity that is marked especially by declines in employment and production and that lasts more than a few months… See the full definition

www.merriam-webster.com

Uhh no that’s not what I did. Here I’ll narrow it down as it appears you didn’t read what I posted.


The organization takes into account many factors, including GDP, real income, employment, industrial production, and consumer spending, in its determination.
Though people often cite two consecutive quarters of GDP decline as the definition of a recession, and countries like Great Britain use this designation, it is not an “official designation” in the U.S., according to the Bureau of Economic Analysis, an independent, federal statistical agency.

 

[Slade3200]

Guys having sex with other guys do not become women...hmmmkay

I never said they did

 

[Cellblock2429]

yes, you got lucky.

/-------/ And your dumbazz Joe just keeps on keeps on.

 

[Harpy Eagle]

/-------/ And your dumbazz Joe just keeps on keeps on.

Yes he does. But he is not mine. I do not vote for the duopoly.

 

[Ralph Norton]

Is that supposed to be a rebuttal?
Hint: it isn't.

 

[Faun]

Is that supposed to be a rebuttal?
Hint: it isn't.

It wasn't meant to be a rebuttal. I just found it funny how you claimed saying Nostra sucked off Trump is not a lie. And here you were, trying to defend him.

 

[Nostra]

On Tuesday, the 28th, two days before the BEA publicly announced second quarter GDP, you declared it was negative...

"Quick question: Are we in a recession now that we have 2 consecutive quarters of negative GDP?"​

Are you claiming the numbers were positive two days before they announced they are negative? That is the ONLY way I could have lied, Simp.

You really should tap out. The beatdown you are taking is epic.

 

[Faun]

Are you claiming the numbers were positive two days before they announced they are negative? That is the ONLY way I could have lied, Simp.

You really should tap out. The beatdown you are taking is epic.

No, I'm claiming no one outside of the BEA, which includes you, knew if the number would positive or negative until the BEA officially released the number.

 

[Nostra]

That by chance, it turned out that way, doesn't mean you didn't lie by expressing something not known at the time you said it.



LOL

Wishes the forum's glutton for punishment.

That doesn‘t fit the definition a lie, Simp.

Why do you Dimtards think you can make up new definitions when reality kicks you in the teeth?

 

[Nostra]

So if I were to say Nostra gave Trump a blow job, that wouldn't be a lie since I don't know it's untrue?

Your meltdown is cute.

 

[Ralph Norton]

It wasn't meant to be a rebuttal. I just found it funny how you claimed saying Nostra sucked off Trump is not a lie. And here you were, trying to defend him.

Again, (and I'm not sure why you are having difficulty with this)
Lie: say something that knowingly isn't true.
So if YOU say Nostra sucked someone off, it is an unproven claim which may or may not be true, but not a "lie".
And then when Nostra proves that it is untrue, he can sue your dumb ass for libel/ slander.