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this week im introducing a resolution in the senate and the resolution is very simple im going to read you the entirety of it because its because its only just over a page resolution expressing the sense of the senate that the historic definition of a recession is two negative quarters of gross domestic product growth whereas globally the most commonly used and widely accepted definition of recession is two negative quarters of gross domestic product growth whereas most of the recessions in the united states identified by the national bureau of economic research have consisted of two negative quarters of gross domestic product growth and in each of the last 10 instances in which there have been two or more such quarters a recession was officially declared ten times in a row whereas the use of the historic definition of a recession by the federal government has been important for purposes of economic study and analysis historical comparisons and policy making now therefore be it re
