Recession redefinition another good reason to not trust institutions

Recession redefinition another good reason to not trust institutions

New York Post

A recent University of Chicago Institute of Politics poll found that a majority of Americans think that the government is “corrupt and rigged against people like me.” Two-thirds of Republicans and independents felt that way, but things weren’t much better among liberals, 51% of whom agreed. So this isn’t the usual sour grapes from the party out of power — it’s a general sentiment.

Why do people feel that way? Well, that’s a real poser, but I’m going to offer a suggestion: They feel that way because they’ve noticed that the government is corrupt and rigged against people like them. …

And they’ve become shameless. Note this week’s effort to redefine recession before Thursday’s bad gross-domestic-product announcement. Previously, as investment expert Jeffrey Carter notes, a recession meant two consecutive quarters (six months) of economic decline. Now it means . . . something else.

What else? Whatever is convenient.

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