When the last two consecutive quarters of negative GDP growth” appeared on the country’s economic radar, the Administration’s Official Humpty Dumpty Economic Seal Team dove headfirst into the ankle-deep waters of the media to declare that definition no longer operative, if it ever was. Of course, a Recession would spell very bad news for President Dumpty whose poll numbers are lower than his son’s morals. Not good news with the dreaded mid-terms less than 90 days away.
For the sake of argument, let’s say they might have had some theoretical point in playing games with the facts about COVID, we cannot fathom what that was, but that was their ‘emergency justification’ at the moment. But what is their rationale for doing this now? No one is going to make an incorrect medical decision based on this definition, so why are they doing this?