Bill Clinton shut down Joe Biden with this 30 second answer
Joe Biden’s struggles are not coming to a halt any time soon.
In fact, they are getting worse.
And Bill Clinton shut down Joe Biden with this 30 second answer.
For decades, the accepted definition of a recession has been two consecutive quarters of contracting Gross Domestic Product (GDP).
When the government announced GDP shrunk by 0.9 percent in the second quarter, it meant the economy experienced negative GDP for two consecutive quarters and was now in a recession.
Joe Biden and his allies in the media then began trying to gaslight Americans into thinking the economy was no longer in a recession by trying to change the meaning of the word.
In a speech at the White House, Biden tried to spin a misleading series of figures about the semiconductor industry to claim that the economy “doesn’t sound like a recession to me.”
And just last week, it had — SK corporation of the Republic of Korea announced $22 billion in new investment in semiconductor batteries, chargers, and medical devices, creating another 16,000 jobs here in America.
And this is powering the strongest rebound in American manufacturing in over three decades, creating 613,000 — 613,000 manufacturing jobs.
Passing the CHIPS bill is going to put another $72 billion for incentives and tax credits to expand semiconductor production. And the Inflation Reduction Act will add another $370 billion in clean energy tax credits in reconciliation, including incentives to accelerate domestic production of solar panels, wind turbines, batteries, and critical materials processing.
That doesn’t sound like a recession to me.
But to debunk Joe Biden’s lies, Republicans needed to look no further than Bill Clinton.
On December 19, 2000, then-President Clinton hosted President-Elect George W. Bush for a White House meeting.
This meeting came after Clinton’s Vice President, Al Gore, attacked democracy by contesting the election results in Florida all the way to the Supreme Court.
Despite every recount showing Bush leading, Gore spread the big lie that he really won Florida and the Presidency.
In the meeting with Bush, Clinton said two straight quarters of declining GDP met the technical definition of a recession.
"A recession is two quarters in a row of negative growth."
— President Clinton, Dec. 19, 2000 pic.twitter.com/h04jcPX7P3
— Howard Mortman (@HowardMortman) July 28, 2022
Joe Biden and the media are lying to the public.
The economy declined for two consecutive quarters, meaning it is in a recession.
Everyone – even Bill Clinton – once accepted this as a fact.