July 25, 2022 8:14pm EDT
CNN panel rejects Biden White House spin attempting to change definition of recession: 'You can't fake this!'
The Biden administration is attempting to redefine what a recession is ahead of new GDP data
By Joseph A. Wulfsohn | Fox News
A panel on CNN Monday slammed the Biden administration's attempt to change the definition of a recession as incoming GDP numbers may signal an economic downturn.
Data being released on Thursday will show whether the U.S. economy shrank for two consecutive quarters, which has long been how economists defined what a recession is. However, several White House officials have already pushed their talking points as a preemptive spin on the likely bad headlines they will face.
On "The Lead," CNN anchor Kasie Hunt began the discussion by telling the panel she's "struggling" with what the White House is putting out there.
"I get that why they want to do it from a political perspective, but like, you can't fake this!" Hunt exclaimed.
CNN editor at large Chris Cillizza mocked President Biden for saying "We're not going to be in a recession, in my view" during an exchange with Fox News' Peter Doocy, telling Hunt, "'In my view,' I should be drafted into the NBA."
"It doesn't really matter what you think," Cillizza said. "There is a technical definition, two straight quarters of negative economic growth. They clearly believe that is likely to come to pass later this week. They’re trying to pre-but it."
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