Wikipedia locks in the Fake Biden Administrations redefinition of “recession”:
Wikipedia changed the definition of recession on their website to fit the Biden administration’s redefined language. Wikipedia then locked the page preventing individuals from updating the website, which is a tool that Wikipedia has long provided. The White House changed the definition of “recession” last week ahead of the release of Thursday’s economic report, which showed that the US has had two consecutive quarters of declining GDP. This was the standard definition, but the White House declared that the definition should be tied more closely to unemployment numbers.
This obsession with appearances and word spells goes hand in hand with civilizational collapse, because reality doesn’t care what you call it. To concern oneself with the dynamic narrative is to fail to understand the very purpose of a label; the object exists regardless of what the label happens to be.
It’s not as if there was any there there in the first place. The 2001 recession has been redefined out of existence too, not by changing the definition, but by revising the numbers, thereby eliminating one of the previous quarters of declining GDP.
Ironically, the very term “recession” was created to replace the term “depression”, and for precisely the same reason that “recession” is now being redefined. It’s all about trying to maintain those animal spirits.
Ignore the Narrative. It can only mislead you.