This week, a report published by the Bureau of Economic Analysis (BEA) showed the U.S. economy shrank 0.9% during the second quarter of 2022, indicating we have formally entered a recession after two consecutive quarters of negative growth.
This report confirms what most Americans already know: the failed policies of the Biden administration have devastated our economy. Reckless, big-government spending has sent inflation soaring to an almost 40 year high, and wages have failed to keep pace with rising prices.
It is clear that our ability to rebound from the current recession will be predicated on President Biden’s willingness to reverse his disastrous policies instead of doubling down — leaving Americans rightfully concerned about our country’s economic future.
Rest assured, I am working to eliminate wasteful spending and will continue to scrutinize every taxpayer dollar coming out of Washington.
You can read my full statement on the announcement here.