WASHINGTON, D.C. — In response to the report this morning from the Bureau of Economic Analysis which shows that U.S. GDP declined 0.9 percent in Q2 of 2022, marking two continuous quarters of negative GDP growth, Steve Moore, FreedomWorks Senior Economist, commented:
“The economy has officially fallen into the textbook definition of recession. How do we get growing again? Congress has to stop the stampede of trillions of dollars of spending and taxes. This means that our most important anti-recession policy should be to stop the resurrected corpse of Biden’s failed Build Back Better bill.”
“The Biden White House can play word games and try and contort the English language as it sees fit in order to advance its radical and harmful agenda. What this administration cannot change is the fact that American consumer sentiment continues to fall under Biden’s watch. Americans are overwhelmingly pessimistic about the state of the Biden economy, and no wordplay over the definition of ‘recession’ can change that.”
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