White House: We Never Said We Weren’t In A Recession
Thursday, the White House acknowledged for the first time that the U.S. was in a recession. “Obviously, the NBER came out and said that we are in a recession,” Press Secretary Dana Perino said. Even though the National Bureau of Economic Research announced Monday that the U.S. was in a recession that had started in Dec. 2007, the White House was still refusing to use the word as late as Wednesday.
Thursday, the White House acknowledged for the first time that the U.S. was in a recession. “Obviously, the NBER came out and said that we are in a recession,” Press Secretary Dana Perino said. Even though the National Bureau of Economic Research announced Monday that the U.S. was in a recession that had started in Dec. 2007, the White House was still refusing to use the word as late as Wednesday.
Thursday, when a reporter remarked that the White House had been denying the recession for months, spokesman Scott Stanzel interrupted her to insist the Bush administration had never done so:
QUESTION: The President finally said, first time at a podium, that we are in a recession. This administration had been saying for months, from the very beginning of 2008, that we weren’t. Who –
STANZEL: No, that’s not correct. That –
QUESTION: You said that –
STANZEL: — what we had said is that is a determination that’s made by the National Bureau of Economic Research. And as you know, they made that determination this week. So we are in a recession.
STANZEL: No, that’s not correct. That –
QUESTION: You said that –
STANZEL: — what we had said is that is a determination that’s made by the National Bureau of Economic Research. And as you know, they made that determination this week. So we are in a recession.
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