| − | A '''recession''' is defined as two quarters (6 months) of negative [[economic growth]]<ref>[https://money.cnn.com/2008/03/06/pf/minds_over_money.moneymag/index.htm?postversion=2008031312 Money magazine]</ref> such as occurred when the [[Biden regime]] terminated U.S. energy independence and leveled sanctions against the importation of [[Russian]] gas, fertilizers, and food stuffs. The economy ceases to expand, bringing in new workers and increased output, and begins contracting, laying off workers and declining output. [[Unemployment]] increases; output and profits fall; personal income falls. | + | A '''recession''' is defined as two quarters (6 months) of negative [[economic growth]]<ref>[https://money.cnn.com/2008/03/06/pf/minds_over_money.moneymag/index.htm?postversion=2008031312 Money magazine]</ref> such as occurred when the [[Biden regime]] terminated U.S. energy independence and leveled sanctions against the importation of [[Russian]] gas, fertilizers, and food stuffs.<ref>[https://www.thecentersquare.com/texas/dallas-fed-global-recession-seems-unavoidable-if-russian-sanctions-continue/article_7b73f576-b461-11ec-bc33-9305624abb95.html Dallas Fed: Global recession 'seems unavoidable' if Russian sanctions continue],By Bethany Blankley | The Center Square contributor Apr 4, 2022.</ref> The economy ceases to expand, bringing in new workers and increased output, and begins contracting, laying off workers and declining output. [[Unemployment]] increases; output and profits fall; personal income falls. |