“When did the republicans vote to change the definition of recession? That is what I am referring to. OOOPS That is to which/what I refer?”
Politicians don’t get to set the definition. The NBER has been the referee since 1920.
http://www.nber.org/cycles/recessions_faq.html
“The NBER has been the referee since 1920.”
I have been led to believe that a “recession” is defined as, “Two consecutive quarters of negative GDP.” Am I wrong?