JRE 0 · August 2, 2022

The Biden Administration Redefined "Recession"

politicsbusinessphilosophy

Who is The Biden Administration Redefined "Recession"?

Taken from JRE 1851 w/Chris Williamson:

Topics and Timestamps

  • 01The Biden administration changed the technical definition of recession from two consecutive quarters of negative GDP growth to a more ambiguous standard
  • 02Chris Williamson discusses how the redefinition was a strategic move to avoid calling the economy a recession despite economic indicators showing contraction
  • 03Joe and Chris explore how language and definitions can be manipulated to shape public perception of economic reality
  • 04The conversation touches on inflation, economic policy, and how governments communicate economic data to citizens
  • 05Discussion of media complicity in accepting or challenging official economic narratives and definitions
  • 06Broader implications of redefining fundamental economic terms and what that means for trust in institutions
  • Introduction of the recession redefinition issue0:00:00
  • Explanation of the traditional two-quarter recession definition0:05:00
  • Chris details how the Biden administration changed the definition0:12:00
  • Discussion of media compliance with the new definition0:25:00
  • Broader conversation about institutional trust and language manipulation0:35:00

The Show

In JRE 1851, Joe Rogan sits down with Chris Williamson to break down one of the more eyebrow-raising moves from the Biden administration: redefining what constitutes a recession. Traditionally, economists have defined a recession as two consecutive quarters of negative GDP growth. It's a straightforward, objective measure that everyone understood. But when the economy started showing signs of contraction, suddenly that definition became inconvenient.

Chris walks Joe through how the administration essentially moved the goalposts. Instead of sticking with the two-quarter standard, they pivoted to a vaguer definition based on broader economic indicators like employment and income. The timing was obviously strategic. They didn't want the word recession attached to their economic record heading into an election cycle. It's a perfect example of how language can be weaponized to shape reality rather than describe it.

What makes this conversation interesting is that Joe and Chris aren't just dunking on political theater, though there's definitely some of that. They're discussing something more fundamental about how institutions control narratives through definitional games. If you can change what the word means, you can change what people think is happening. It's Orwellian in the most literal sense. The media largely went along with it, which speaks to how captured institutional messaging has become.

The broader point they're circling is trust and credibility. When the government changes the rules in the middle of the game to make bad numbers look better, people notice. Maybe not everyone, but enough people to matter. And once you lose that trust, it's nearly impossible to get back. Chris makes the case that this kind of thing contributes to the erosion of institutional credibility that's been happening for years.

It's a tight, focused episode on a specific policy moment that illuminates a much larger problem with how information flows from institutions to the public. The redefinition of recession is just one symptom of a system where language gets bent to serve power rather than clarify truth.

Best Quotes

They literally changed the definition of recession to avoid saying we were in a recession

The Biden Administration Redefined "Recession"

From the JRE 0 conversation with The Biden Administration Redefined "Recession".

When you can change what the word means, you control the narrative

Joe Rogan

From the JRE 0 conversation with The Biden Administration Redefined "Recession".

This is what happens when institutions stop being accountable to objective reality

The Biden Administration Redefined "Recession"

From the JRE 0 conversation with The Biden Administration Redefined "Recession".

The media just accepted it, which tells you everything you need to know about institutional capture

Joe Rogan

From the JRE 0 conversation with The Biden Administration Redefined "Recession".

Once you lose trust through these kinds of games, you can't get it back

The Biden Administration Redefined "Recession"

From the JRE 0 conversation with The Biden Administration Redefined "Recession".