The Bureau of Labor Statistics will release its preliminary estimate Thursday of how much gross domestic product grew — or shrank — in the second quarter. The number is important because GDP fell in the first three months of the year, and GDP contracting two quarters in a row is viewed as a signal that the economy is in recession.
The administration has mounted a campaign in recent days to convince Americans that the economy is too strong to be in recession no matter what Thursday’s data shows. “We’re not going to be in a recession,” Biden told reporters on Monday.
Republicans aren’t having it.
Sen. Rick Scott (R-Fla.), the chairman of the National Republican Campaign Committee, castigated the administration on Tuesday for trying to evade calling a recession a recession, armed with a poster board with the definition on it. His source: Google.