Sunday, November 30, 2008

VIDEO: Saxby Chambliss lies about not knowing what a recession is

By GottaLaff


Via Think Progress:

In attempting to appear knowledgeable about the economy by citing the “technical definition” of a recession, Chambliss actually demonstrated his ignorance. Indeed, Chambliss said this morning that a recession is “supposed to be two consecutive months of negative GDP” growth. In fact, the often cited — though misleading — definition of a recession to which Chambliss was referring says nothing about “two consecutive months,” but rather “two consecutive quarters.”

Definitions aside, Chambliss’s apparent inability to recognize that the U.S. is in a recession demonstrates he is uninformed about the state of the economy.
Think Progress has more. Just follow the link.

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