‘We live in an Orwellian hell-scape’: Facebook fact-checks top economist for stating America IS in a recession after Biden refused to admit it
- Phillip Magness, the research and education director at the American Institute for Economic Research, believes the U.S. is in a recession
- Economists usually say it is a recession when two successive quarters have seen negative growth: data on Thursday showed the definition had been met
- The White House is instead relying on an ‘official declaration’ from the the National Bureau of Economic Research (NBER), which can be very slow
- Magness’s post on Facebook about the U.S. being in a recession was fact-checked by Facebook and a warning posted online
- ‘We live in an Orwellian hell-scape,’ he tweeted. ‘Facebook is now ‘fact checking’ anyone who questions the White House’s word-games’
Facebook placed a ‘fact-checking’ label on a post written by a top economist stating that the United States is now in a recession – a move he termed ‘Orwellian’.
Two consecutive quarters of negative growth is the standard definition of a recession, and Phillip Magness, the research and education director at the American Institute for Economic Research, posted on Facebook a commentary about the country now being in a recession.
The post – which is no longer visible – was marked by Facebook’s fact checkers as being misleading.
‘We live in an Orwellian hell-scape,’ he tweeted.
‘Facebook is now ‘fact checking’ anyone who questions the White House’s word-games about the definition of a recession.’
Biden on Thursday (pictured) insisted that the country was not in a recession, despite new data showing a second consecutive quarter with negative growth
Phillip Magness, an economic historian, believes the U.S. is in recession – but the White House disagrees
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