DAILY SIGNAL—The Treasury Department under President Joe Biden has refused to hand over documents showing how officials decided to alter the definition of a recession after the first two quarters of 2022 saw declines in gross domestic product, the traditional definition of a recession.
The Heritage Foundation filed a Freedom of Information Act request on July 6, asking Treasury for internal communications containing the terms “recession,” “alternative definition of recession,” and “alternative recession measurements.” (The Daily Signal is The Heritage Foundation’s news outlet.)
The Treasury Department first asked Heritage to narrow the scope of its request, which Heritage did. Yet Treasury failed to hand over the documents, so Heritage filed a lawsuit on Dec. 1, claiming the department violated the Freedom of Information Act.
“The Treasury’s job is to collect taxes and allocate revenue per the dictates of Congress, not engage in Orwellian word games to distract from the economic failures of the leftist agenda,” E.J. Antoni, a research fellow with Heritage’s Grover M. Hermann Center for the Federal Budget, told The Daily Signal in a statement Tuesday. more
Incompetent, irrelevant and immaterial.
(But true! 🤣)
Why assume there was math involved? They just made it up.
I suspect part of that changed definition also affected how they calculate employment rates since nearly every month they revise downward. It has to do with the newscycle and the machines that do the trading. Good flashy number at announcement and markets head higher, machines aren’t programmed to see the quiet downward revisions in months that follow.
On a somewhat related note, if just a small percentage of
peopledepositors, oh I don’t know say 10%, understood where their dollars went after deposited into a bank, the entire financial sector would collapse like SVB and Signature Bank. Ahhhhhhh hell, deposits? pffffffft, Americans are broke and all they care about is enslaving themselves to make it rain hundreds. Until the final rug pull.Glenn Greenwald has a good thread on how Western governments are ‘destroying democracy in order to save it.’
https://twitter.com/ggreenwald/status/1737459331996463447
New gub’mint definition of recession: Whenever Donald Trump is President.
They were embarrassed when somebody told them
that it’s not spelled Weejah.
Just watch EVERY “business” channel on TV. All of them, including FOX, HAPPILY changed the definition as soon as they were told to. They continue to dance around the lies every time their mouths open. The entire thing is a con job.
Well, to be fair, the left has always redefined words to mean things they never meant before whenever they lose an argument. “Recession”, “vaccine”, “woman”, “racism”, etc., are only a few examples.
So much for the pedo joe administration being the most transparent ever.
Now, do unemployment.
So much for the pedo joe administration being the most transparent ever.
They are! We can see right thru them!
Communists change the meaning of everything to suit them, just like their master in hell tells them to.
“20 Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!
21 Woe unto them that are wise in their own eyes, and prudent in their own sight!
22 Woe unto them that are mighty to drink wine, and men of strength to mingle strong drink:
23 Which justify the wicked for reward, and take away the righteousness of the righteous from him!”
Isiah 5:20-23
Tell us exactly how it feels when a top offical refuses to hand/turn over government documents &/or just about anything else. Sound familiar? The “Former Guy” would never ever do this, MUCH. Payback is a bitch.