In Washington, Honesty Is Such a Lonely Word
A favorite game of politicians, when reality does not conform to the facts they want, is to simply redefine reality.
Democrats want big government, a lot of spending and taxation, the former of which we are now paying for in inflation, so the new strategy of Democrats is to now claim that spending and taxes reduce inflation.
We now have the Senate moving legislation with a price tag of $433 billion in new spending and $327 billion in new taxes, and it's called the Inflation Reduction Act.
It's like McDonald's serving up a new Big Mac with more beef, more cheese and more sauce, and calling it the Weight Watchers Special.
Our president and Congress are imploding in the polls, and what we get from them are word games.
A commonly accepted definition of recession is two consecutive quarters of economic contraction.
The Commerce Department just reported that the U.S. economy contracted 0.9% in the second quarter. This follows a contraction of 1.6% in the first quarter.
Our president says no way. Our Treasury Secretary, Janet Yellen, who apologized recently for being wrong last year, denying that inflation was on its way, held what the press called a "rare stand-alone news conference" at the Treasury Department, to assure us we are not in a recession.
It's reminiscent of comedian Groucho Marx, who quipped, "Who are you going to believe -- me or your own eyes?"