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.
