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Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by hn_throwaway_99 on Thursday July 28, 2022 @12:10PM (#32266297)
The comment I am replying to is pretty clearly arguing that not calling the current situation a recession is due to the current administration not wanting to call it that:

> Now suddenly it's questionable, because the current administration would like to shrug away its failures, and too many in the media are helping them do it.

Whether or not I agree with the assessment of the current administration wanting to "shrug away its failures" has nothing to do with it. The parent comment was clearly arguing the theory, which is total bullshit on its face, that the reason it hasn't been officially designated a recession is because the administration doesn't want it to. The reason this theory is total bullshit is because it's pretty obvious the administration has no control over how the NBER marks recessions.

I think it's fair to designate theories which are total bullshit on their faces as "conspiracy theories".

Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by somenameforme on Thursday July 28, 2022 @12:54PM (#32266967)
Imagine for a moment that a recession was something quite rare, but extremely desirable and good. But outside of that difference, all of the current state of the word's definition would remain. Do you honestly believe the current administration wouldn't be parading out that we're in a recession, along with all of the usual media making front page news of it?

So we use the usual rule of thumb to claim it's a recession when it's a good thing, but instead try claim it's not a recession until a given think-tank says so when it's a bad thing.

Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by hn_throwaway_99 on Thursday July 28, 2022 @01:25PM (#32267519)
The whole rationale for this line of argument is just bizarre.

If there is some desire to obfuscate what is actually going on in "the media", well, the media is doing a pretty shitty job of obfuscating it. All the major news outlets have the GDP report as top news stories on their sites. Some easy "liberal media" examples:

1. NYTimes: "G.D.P. Report Shows a Drop, Fanning Fears of a U.S. Recession - A key measure of economic output fell for the second straight quarter, raising fears that the United States could be entering a recession."

2. WaPo: "What causes a recession? The dominoes leading toward a new recession have started falling, so what happens next? There are two scenarios that could play out." And also "U.S. economy shrinks again in 2nd quarter, reviving recession fears", and perhaps very relevant to this discussion, "The 8 economists who decide if the U.S. is in a recession"

So the major news outlets are accurately (and loudly) reporting what is going on. I know in my lifetime it has pretty much always been argued that the official "start and end dates" of recessions are marked after the fact (e.g. I recall clearly the start date for the Great Recession was pushed earlier by the NBER after their research had concluded). But these news outlets certainly aren't hiding anything, nor even trying to dissemble - they're just reporting things as the current facts show.

But then some conspiracy theorists (and yes, I believe that term totally applies) are trying to argue that because news outlets aren't saying "we are officially in a recession" that it is "Orwellian".

Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by NeverFade on Thursday July 28, 2022 @02:01PM (#32268003)
If Trump was still the president, these headlines would be "we are in a recession" (which is in fact the case), not "fears of recession". Which we are, per the definition that existed so far. The media has no reason to wait for the NBER to make the exact same call they've made every single time in the past.
Re:US Gross Domestic Product, Second Quarter 2022 (Advance E... by hn_throwaway_99 on Thursday July 28, 2022 @02:20PM (#32268261)
Ahh yes, every bit of news reporting that doesn't show the Democrats in the worst possible light, and Trump in the best possible light, is the result of "media bias", facts be damned.

The constant whining by Trump and his supporters over "the media is so mean to me" has long since passed Chicken Little proportions.