President Biden’s economy is worse than we thought. The real gross domestic product (GDP) decreased at an annual rate of 1.6% in the first quarter of 2022, according to a twice-revised estimate released by the Bureau of Economic Analysis. This comes at a time when the second quarter GDP is on track to grow less than 1%, according to the latest Wall Street estimates.
BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:
This Fourth of July, American families can expect to pay $76.94 for the average cookout, which is $11.48 higher than the cost of an average BBQ in 2021. If you’re planning on buying fireworks this year, those will run you 25–30% more.
House Republicans sounded the alarm in February, and the Biden administration refused to act swiftly. We HAVE a solution, and will continue to hold this administration accountable for their failure.
IT'S SIMPLE: Instead of addressing the root cause of inflation, out-of-control government spending, Joe Biden and House Democrats continue to push their Far-Left Socialist agenda, which will only exacerbate America’s economic crisis.