The technical definition of a recession has always been two consecutive quarters of negative economic growth.
But the Biden administration doesn’t care about reality.
And Ron DeSantis just called out Joe Biden for using “Orwellian doublespeak” on the American people.
The Bureau of Economic Analysis reported last week that the real Gross Domestic Product (GDP) had decreased by .9% during the second quarter, marking two consecutive quarters of negative growth.
Even though this has always been the technical definition of a recession, Joe Biden and his allies in the press are gaslighting the American people to believe otherwise.
Florida Governor Ron DeSantis is known for his willingness to call out Democrats and the media for lying to the American people.
And during a press conference on Monday at the Florida Airports Council, Ron DeSantis ripped the Biden administration for trying to spin its way out of the economic crisis the Democrats created.
“They always said two consecutive negative quarters was a recession,” DeSantis began. “Now they have to run interference, so they’re saying it’s not really, or maybe not, or this or that,” he continued.
DeSantis urged the Biden administration to stop using “Orwellian doublespeak” and instead tell Americans “the truth” about the economy.
“I don’t need Orwellian doublespeak,” DeSantis said, before adding, “just tell me the truth . . . what the data says.”
The data shows that Gross Domestic Product (GDP) dropped for two consecutive quarters, which meets the technical definition of a recession.
DeSantis pointed to skyrocketing inflation as the main driving force of the recession.
“I think the data’s telling us that because you’ve had the inflation and because you’ve had a lot of problems with energy prices and commodity prices going up, you’ve had the Fed come in and they’ve been raising interest rates,” DeSantis said. “Of course that’s going to slow down the economy,” he added.
DeSantis also predicted that Americans may soon have to deal with economic “stagflation” not seen since Jimmy Carter’s failed Presidency.
“We’re looking at a situation where we could be in a situation of downturn with inflation still being persistently high,” he continued. “We haven’t had that since the 1970s when they had stagflation.”
DeSantis mentioning the possibility of stagflation is worrisome given how he correctly predicted Joe Biden’s socialist policies would lead to an economic recession.
“Florida has been doing well, and we’re happy about that, but when you have the inflation headwinds, when you have the Fed raising interest rates, and some of the other things happening in the markets, there is a possibility of seeing a downturn, and unfortunately I think that downturn will be precipitated by bad policy coming out of Washington,” DeSantis said this spring.
Democrats are already facing an uphill battle to maintain control of Congress this fall.
Polls show the economy and inflation are the top issues for voters.
That’s why 1970s-style stagflation would all-but guarantee a massive Republican wave at the ballot box in November.
DeSantis Daily will keep you up-to-date on any new developments in this ongoing story.