Recession Word Churn from Democrats is not Working, Warns Washington Post Columnist
Washington Post columnist Megan McArdle dismissed the semantics debate over whether the U.S. was officially in a recession and warned Democrats that such "word churn" about the state of the economy was not an effective political strategy.
In her Friday piece, titled, "Enough with the ‘is this a recession?’ blather," McArdle began by asking, "Are we in a recession? Does it even matter?" She noted "that a preliminary Bureau of Economic Analysis report released Thursday shows that the economy contracted at an annualized pace of 0.9 percent in the second quarter, following a decrease of 1.6 percent in the first quarter."
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