GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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From: geode00	12/3/2008 12:36:28 AM
	Read Replies (1) of 173976

Chambliss Still Unsure If Economy Is In Recession, Misstates ‘Technical Defintion’ Of A Recession» This morning of Fox News Sunday, host Chris Wallace asked Sen. Saxby Chambliss (R-GA) about a statement he made in July when he argued that the U.S. economy “may not be in a recession.” Wallace played a recording of Chambliss from an ad released by Jim Martin’s campaign: CHAMBLISS: We may not be in a recession. I don’t know what that term means. Chambliss attempted to defend himself, saying that he was “quoting Alan Greenspan.” Wallace, however, noted that while Chambliss used the Greenspan quote in July 2008, Greenspan had said in April 2008 that “we’re headed into a recession.” Chambliss responded by attempting (and failing) to fall back on the “technical definition” of a recession: Chris, if you’ll remember, [a recession] was supposed to be two consecutive months of negative GDP, and at that point in time we hadn’t seen that. But, you know, economists disagree on the technical definition of recession, and obviously that’s what i was talking about. Still, however, Chambliss could not bring himself to admit that the economy is in recession.

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