U.S. Enters “Technical” Recession in Second Quarter

It’s only a “technical” recession when Democrats are in power. 

When Republicans are in power, it’s simply a recession. 

The Biden administration pointed out that the official definition of a recession was not two quarters of negative growth in a row, but as pointed out by BEA “a significant decline in economic activity over more than a few months, which is assessed using several indicators, including the labor market, consumer and business spending, industrial production, and incomes.”