WASHINGTON – Today, U.S. Senator John Barrasso (R-Wyo.), chairman of the Senate Republican Conference, issued the following statement after 2022 second-quarter gross domestic product (GDP) numbers revealed two consecutive quarters of falling GDP. The economy shrank last quarter by 0.9%.
“Joe Biden’s recession is here. The American people are saying it even if the White House won’t. Two quarters in a row of a slowing economy is the latest blow to working families.
“Inflation is at a 41-year high, and wages can’t keep up. Folks are concerned about paying their bills, being able to afford a full tank of gas, and buying a full week’s worth of groceries. The American people are in pain and believe the country is heading in the wrong direction. The Democrats are doing nothing to help solve their problems. Instead, Democrats want to raise taxes, pass more reckless government spending, and attack American energy.
“Democrats are out of touch with the reality facing the American people. Now, we’re facing a recession because of their economic failures.”