Saxby Chambliss Doesn’t Know What A Recession Is
Chris Wallace on “Fox News Sunday” played an ad by Chambliss’ opponent, Jim Martin, where Chambliss, fighting to retain his Georgia senate seat, says, “We may not be in a recession. I don’t know what that term means.” Chambliss says he was quoting Alan Greenspan, even though Greenspan said last April that we’re headed into a recession. Chambliss then went on to misstate what the technical definition of a recession is. It is actually two consecutive quarters of negative GDB growth, not two consecutive months as Chambliss states.
h/t Think Progress.