This morning, the Department of Commerce announced that, from April to June, the U.S. economy shrank by nearly 1 percent. This is the second straight quarter of economic decline officially signaling that America is in an economic recession. In the first quarter, from January to March, the U.S. economy shrank by 1.6 percent.
"Today's announcement that America is now in a recession under President Biden and the Democrats is no surprise to the Michigan families and seniors who have been hurting for months. Democrats’ disastrous economic policies have caused the price of gas and groceries to soar, costing families hundreds of dollars a month," said Congressman John Moolenaar. "It does not have to be this way. When Republicans held the White House and Congress, we had a strong economy with affordable energy and low inflation. Democrats should give up their plans for another partisan spending bill and start working with Republicans. We have been standing with families for over a year and warning Democrats about the high costs of inflation across the country.”
Original source can be found here.
